That was during the Great Recession. Today, it’s a different generation that’s getting all the attention: baby boomers. And this time the roles are reversed.
Analysts say millennial homeowners are increasingly making plans to accommodate their aging parents by building in-law suites and making accessibility improvements for when Mom and Dad come to visit — or move in.
A survey by the American Institute of Architects found that dedicated guest rooms, including in-law suites, have been surging in popularity over the last few years.
In 2012, 10 percent of the AIA’s more than
500 residential architects said they were seeing more demand for in-law
suites, which typically include a second master bedroom suite with a
bathroom or an attached live-in unit. By 2013, that percentage jumped to
26 percent, and by 2014 it reached 39 percent.
Interest in ramps and elevators grew from 38 percent in 2012 to 42 percent in 2013 and 51 percent in 2014.
“As many households become caretakers for
aging relatives, separate living suites have become popular options for
accommodations,” Kermit Baker, chief economist for the AIA, said in a
statement accompanying the survey results. “Homeowners want to ensure
that their homes can support the needs of aging parents who may be
staying for an extended period of time and other visitors with
accessibility needs.”
The AIA also said that home features accommodating multiple generations and age-in-place features are growing in demand.
We should, however, point out here that not
all members of the baby-boom generation are busy making plans for an
extended dotage.
The other 85 percent live in their own home.
(Image: Flickr/Chapendra)
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