More Families Choosing Multi-Gen Living Arrangements

After the pandemic of 2020-2021, more and more adult children began welcoming their aging parents into communal living spaces.  While health concerns or financial issues often create the need for families to combine under one roof, a Generations United survey suggests families often discover the structure works well for them in a variety of ways.

Besides fulfilling the basic human needs for sustenance and shelter, the arrangements often fulfill emotional, social and practical needs, from rewarding familial interaction to intermittent childcare. More than 70% of surveyed Americans living in multigenerational housing plan to continue living together long-term because being together full time has been so successful.

MULTI-GEN REALITIES IN LOOKING GLASS

Looking Glass homeowners Nick Rizzi and his wife Victoria De La Torre talked to us about their motivation for buying a new home in Parker with an eye toward a multi-gen future.

“It’s one of the biggest reasons that we moved here,” says Nick who sells real estate for Happy Homes in Colorado throughout the Denver Metro area. “One thing that I’m seeing a lot with my clients is multi-generational living coming back.”

In fact, according to the Pew Research Center, The number of Americans who live in multigenerational family households is about four times larger than it was in the 1970s. Homes with at least two generations of adults over 24 or grandparents with younger grandchildren quadrupled between 1971 to 2021 to nearly 60 million homes, according to Pew Research.

LOCAL FAMILIES COMING TOGETHER

Nick has noticed that same trend among his clients. “I’m seeing quite a few families who either have grandparents downsizing and moving in with the adult grandkids, or families coming back together again, especially with how expensive home ownership has become.”

His wife Victoria notes that their personal motivation to buy a home with multi-gen possibilities included aging parents who come to visit. “That was a huge reason why we got our house, because it has that unit with the sink and the little kitchenette area in the back, with the full bathroom,” she explains.

First-floor bedrooms, even if they aren’t the primary, are becoming hugely desirable for future owners. And in Looking Glass, builders like Dream Finders Homes and two more new-home builders have floor plans to address buyer desires.

“One of our parents can’t walk very well anymore, so we needed a space for them on the ground level to be able to stay with us,” Victoria says.

“We want to make sure that we have a space where family can stay with us long term, with the rest of the house very accessible so they can have all of their needs met on the ground floor.”

PARKER LEADING THE WAY

Nick is an enthusiastic cheerleader for multigenerational family life, both as a homeowner and a businessman. “One thing that I am incredibly proud of as a Parker resident, is that the town is investing heavily into the permitting and necessary structures for multigenerational living, more so than anywhere else in Denver. 

“I see it with permitting trends – Parker is pioneering the movement and in our community, Looking Glass was one of the early responders. I think that’s just an enormous focus and investment in the future, because more families want to stay together.”

Victoria says it’s become a common sight in their neighborhood to see grandparents taking kids to the park. “We see it all the time because they’re all living together and they’re able to take care of their grandkids. In our block, at least, that’s definitely happening.”

NEED AND DESIRE = CHOICE

A recent USA Today article echoed the reality that while families might come together by need, they often stay together by choice because of the emotional and practical benefits to the living arrangement.

Nick added, “We’re seeing it happen a bit by necessity, and a lot by desire, where it’s just making things more affordable and giving families more options. I’m placing quite a few clients in a progress path to make that happen and I am really proud of Looking Glass for taking the lead.”

“I’m viewing this as a big development and investment in the future, not in the short term. And it’s going to be way more important in 10 years than it even is today,” he said.

Multiple Options in Looking Glass | Parker

The Parker real estate market has witnessed considerable growth over the past decade. Fueling demand here in Looking Glass are the popular amenities, employment opportunities nearby in Centennial, Aurora and Denver, and floor plan and elevation choices. Check out the many quick move-in possibilities at Looking Glass, starting in the $600s. Dream Finders has 13 variations to choose from and coming soon: Richmond American paired and single family homes.