Across the country, an increasing number of households include multiple generations living under one roof: children, parents and grandparents sharing a home. According to the U.S. Census Bureau, more than 4.3 percent of households now qualify as part of the “sandwich generation,” compared to 3.6 percent in 2006. Several trends contribute to this growing phenomenon, including adult children moving back home and seniors who can’t afford to live on their own.
Homeowners providing shelter to their parents and children have changed the way they remodel homes. Some families install “granny pods,” mini-apartments with separate kitchens and bathrooms. Others pay extra for medical equipment, special showers and other features appropriate for aging parents. Experts suggest incorporating the need for sandwich generation remodeling into financial planning and being strategic when making renovations so the home can adapt in the years ahead. Grandparents won’t live in the home forever, while children grow up and move out. Think of how updates you make in your home will transform for later generations. Read more at Marketwatch.
If you need to remodel for your family’s changing demographics, check out “How to Find a Good Contractor for Your Home Renovation.”