Wed Jan 20

3 Benefits For Living In A Multi-Generational Home

Written by News Co

While many people dream of getting out of their parent’s home when they become adults themselves, in recent years, people have been once again sharing a home with their parents in order to reap all of the benefits of being in a multi-generational home.

If this is something that you’ve been considering, here are three of the many benefits you can gain from living in a multi-generational home with your parents and your children.

Stronger Family Bonds

According to Aimee Picchi, a contributor to USA Today, one of the biggest benefits that people get from living in a multi-generational home is the stronger family bonds that they’re able to form.

While some people will move into an assisted living community when they get older, having your parents move in with you and your young family could be a great way to keep an eye on them as they age. As you do so, both you and your children will learn to love and appreciate this older generation more than you likely would have been able to had you not shared a home. By living under the same roof, your children can create memories and their own, personal relationships with your parents outside of you as a buffer. This quality time can be invaluable for many families.

Shared Costs

Although the emotional benefits are great, what often pushes most people into the thought of living in a multi-generational home is the financial benefits.

When you’re sharing one home with multiple adults, Michelle Singletary, a contributor to the Washington Post, reminds us that you’ll also be sharing in all of the costs together. Not only will the costs of living in the home be shared, but costs for things like food and transportation can also be an easier burden to bear when you’re able to share the load with family members taking on their own fair share of the responsibility.

Assistance In Daily Life

Getting older can be a challenge. On the opposite side of the same coin, raising children can be hard, too.

To make both of these things easier, Sherri Snelling, a contributor to Next Avenue and Forbes.com, shares that families who live in a multi-generational home can assist each other with the parts of daily life that are most challenging. For example, children and middle-aged adults can help the older adults stay active and healthy while older adults can help their children by offering child care to their grandchildren on occasion.

If you’ve been wondering how people who live in a multi-generational home find a state a symbiosis, consider how the benefits mentioned above could be advantageous in your life or the lives of those you love and care for.