OC Real Estate Trend: Multigenerational Homes | Fridays with Fred

     

    One of the biggest trends in Orange County Real Estate which we’ve seen develop over the last 10 years is the construction of multigenerational homes.

    What are multigenerational homes?

    They are residences which feature an attached mother in law suite or detached granny flat for your parents, family members or relatives to live in with you.

    Home Prices

    Multigenerational homes in Orange County typically range in price from $800,000 to $1.9 million.

    The investment is worth it especially if you have an older family member or parents from the Baby Boomer Generation that you want to be able to care for as they age.

    Tips on Buying a Home with Family

    If you plan on buying a multigenerational home in Orange County with family members here’s how you can accomplish your goal and purchase a home which everyone will love:

    Tip 1 – Treat everyone as adults

    It doesn’t matter how old your parents are, it’s important to treat them as adults and get their feedback when choosing a multigenerational home.

    Tip 2 – Include siblings in the discussion

    Even if you have multiple siblings, you should include them in the discussion when buying a home with your parents just so they can have confidence that your parent’s best interests are considered at all times.

    Tip 3 – Discuss must haves & should haves

    Last of all, but most important, when buying a home with your parents make sure to let everyone discuss their must haves and theirs should haves just so the home will be a perfect fit for everyone in the family.

    To learn more about multigenerational homes for sale in Orange County contact Fred Sed & Associates today by calling us at (949) 272-0125.

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