Multi-Generational Family Dwelling

Multi-Generational Family Dwelling
A multi-generational home is a home with living spaces shared by the whole family.  These residences typically have sharing living and outdoor spaces, but can include design elements to support privacy and accessibilty for various household members.
Key Details
Pros: Cost Efficiency: Shared expenses reduce financial burdens for all members. Strengthened Bonds: Daily interactions promote closeness and emotional support. Caregiving Convenience: Easy access to care for children and aging parents.		Cons: Privacy Challenges: Shared spaces can lead to a lack of personal space. Potential Conflict: Differing schedules and lifestyles may cause tension. Design Limitations: Renovations for privacy or accessibility can be costly.
Best For: Individuals or families seeking approaches to foster connection while reducing individual costs by pooling resources. Sample Initial Costs Range Budget-Friendly: $110,000–$300,000 Mid-Range: $300,000–$600,000 High-End: $600,000+
Sample Monthly Breakdown
Cost Item	Budget-Friendly	Mid-Range	High-End
Mortgage Payment	$1,000–$1,500	$1,500–$2,500	$2,500–$3,500
Utilities	$150–$250	$250–$350	$350–$500
Property Taxes & Insurance	$350–$600	$600–$900	$900–$1,200
Maintenance	$50–$100	$100–$200	$200–$300
Sample Monthly Total	$1,550–$2,450	$2,450–$3,950	$4,000–$5,500