At last count, there were over 64 million Americans living in multi-generational homes. Over the last few years, homeowners and the families they love are realizing the benefits of everyone living in one house, from the grandparents to the grandchildren, and for most, it works out great.
As with anything else in the world, there are some states who have more multigenerational family living than others and some states who are just starting to see the benefits. Everyone living in one modified house makes everything from expenses to chores a whole lot easier to accomplish.
For some grandparents going through a site that gives cash for houses can be a big step, as they’ve been used to living on their own for many, many years. However, getting cash for their houses can also allow them to move in with their kids and help them out with their financial situation, especially in these days of tough economic times caused by the COVID-19 virus.
There are many advantages to multigenerational living, so, if you’re on the fence, read on below for a few of the benefits to be explained.
What is a multigenerational home?
Before you can decide if you want to live in a multigenerational home, you first need to know what one is. By definition, a multigenerational home is one that has more than two generations of adults living under the same roof. It’s best to alter your home so that each family member can live comfortably and have plenty of space and privacy to live.
As a grandparent moving in with your kids or grandkids, it’s best to look for storage solutions and even relocation help at a place such as ssrelocation.com, so that the move isn’t entirely on you and the children. It’s also a great idea to store some of your belongings until the designated part of the house that is going to be yours is ready.
Benefits for Grandchildren
Recent research from Oxford supports the belief that grandparent involvement in a child’s life is beneficial to the child. It is said that when grandparents have a key role in children’s lives they tend to have fewer emotional and behavioral issues. Having three generations living under one roof benefits children because they usually always have someone around to listen to their problems, go walking with them, play games, and just spend time with them, which is something every child needs.
However, this type of living doesn’t just benefit the children, it also benefits the grandparents. Many senior citizens don’t get to see their grandchildren the way they would like to, and in this way, they are living right there with them and able to see them every day.
Financial Benefits
Living in a multigenerational home comes with financial benefits as well. For example, terminally ill patients are able to use their viatical settlements from American Life Fund to truly take care of their end of life expenses or even to help fund a child’s college education. There are many financial benefits to living in a joint household. Viatical settlements can be a great comfort to someone who is suffering from terminal cancer, as they know they can take care of their end-of-life expenses, and not leave all the debt on their loved ones after they are gone.
Most families already share expenses when they all live in the same household, as it makes it easier on everyone concerned if they do. It even makes it easier to share the RX discount coupons that are available to save money on those high price prescriptions that many senior citizens have to purchase, and makes it easier on the family healthcare budget as well. With the RX discount coupons, it’s possible to save over 80% when you go to pay for your family’s prescriptions. If you’re worried about the cost of healthcare and prescriptions for your family try them today.
Shared Chores
Another great benefit of multigenerational homes is that chores can be shared. In today’s hectic world, it can be easy to become overwhelmed with life and having to take care of the house and yard at the same time. It’s common in joint homes for the grandparent to be home during the day when the kids are in school and their parents are at work.
Grandparents can help to lift the burden that working parents are under by taking on some of the chores that usually fall on their shoulders after they come home from a long day at the office. In many homes, everything from grocery shopping to fixing meals can be shared if you have more than one generation under one roof.
Much Safer
Many families worry about their elderly loved ones living alone because the world is certainly not a safe place. With the increasing violence in the world, it makes many children feel better knowing that their loved ones are all under one roof where they can keep an eye on one another. For many elderly parents who live alone, their children rely on an emergency call button to let them know if an accident or worse has happened. These buttons help but aren’t as reliable as they should be.
It’s also safer for the children, who will have more than one adult to monitor them and their comings and goings. Home security for seniors has come a long way, but there’s nothing better than being in the same home to ensure that your loved one is safe and secure.
Stronger Family Bonds
When three generations exist under the same roof, you can’t help but form stronger family bonds. Studies have shown that having a grandparent living under the same roof does wonder for children that are the product of divorce, especially where pre-teens and teenage children are concerned. Living in a multigenerational home strengthens the bond of every person living there with the family they love.
Live Longer
Studies have also shown that people from multigenerational homes tend to live longer as well. For those who are healthy, they tend to have lower premature mortality rates than people who live alone or in a single-family home. This could be because, in a joint home, there are more adults around to offer emotional and mental support when it’s needed.
These are just a few of the benefits of living in a multigenerational home for everyone involved, but especially for elderly parents and their grandchildren. If you’re considering this option for your living arrangements, do your research and then go with the option that’s right for you and the family you love.