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Families Choosing Multigenerational Homes Prompt New Home Design Trends
Date:9/17/2013

Minneapolis, Minnesota (PRWEB) September 17, 2013

Over one in six are now multigenerational households, as families find living together on one property solves a lot of housing challenges and increases family bonds. Adding on for multigenerational living is increasing and working great for many households who prefer living together over the costs of each owning their own home, according to the National Association of Home Builders (NAHB).

"Family members living together are finding it can be a positive experience for everyone involved. It is a wonderful opportunity for instilling positive family values into young children. Adding on to create a multigenerational home grants children the opportunity to live with grandparents and great grandparents; it can be a tremendous gift for both younger and older generations. These gains from multigenerational living far surpass the living expenses saved," states Jenna Thuening, owner of Home Destination.

With tight Twin Cities housing inventory levels and the cost of renting a home on the rise, multigenerational living may be the answer. The current Minneapolis available inventory holds 15,773 properties, 9.9% lower than in August 2012. Due to a strong season by Twin Cities home builders that is 21.2% higher than in January's inventory levels of this year. The Twin Cities saw an overall median sales price increase of 16.9% year-over-year, reaching $208,0
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