The Benefits to Buying a Multigenerational Home in Florida

The trend of multigenerational living is a growing trend and the benefits to families who choose this dynamic can be significant. If you're planning to be in the market for a Palm Beach County home with a mother in-law suite or guest suite, we've outlined just some of the potential benefits and why it might make for a savvy long-term investment. 

• Reducing Expenses- Combining resources allows families to address their expenses as a group. Maintaining multiple households is much costlier and can be a lot more strenuous, especially if homes are spread across multiple island areas or cities. 

• Family Bonding- By living in the same household, multigenerational families likely develop a high level of closeness. With a large population of retirees, Florida is ideal for families to enjoy their time together under one roof.

• Accident Prevention- With multiple generations living together, there is a much larger chance that residents aren’t left alone. Young children or elder family members may have an accident or injury and in a multigenerational house, there would likely be someone there for assistance. 

• Sharing Duties- Sharing responsibilities and chores around the house is a huge benefit. Florida can present a lot of outdoor work with storm repairs or general lawn work. It’s a big help for families to distribute chores based on age or physical requirement. Physical work may be handled by younger generation while the older family members can help with less demanding duties.