Lakewood Ranch Homebuilders Aim For Multi-Gen Families In One Home
by donna soda
on Thursday, January 17th, 2013 at 11:50pm.
Due to the economic downturn in the country, the need for "bounce back" rooms, a term the housing industry refers to as the space that adult children need in their parents' home as they are trying to make it on their own, have caught the attention of several homebuilders.
Reports say that there is an increased number of 22 to 30-year-olds who are still living at home. Some of them are college graduates who could be living back at home while on a job hunt or are not yet ready to own or rent a home on their own.
Not only young adults are returning home, but as the cost of health care in the country is rising, aging parents also stay with their families.
Lakewood Ranch homebuilders are optimistic that the need for multi-generation homes will not die down even when the US economy recovers, looking at the demand as not only because of the economic crisis. As the region has become popular to a growing number of retirees, homebuilders foresee that a young family will move to the region and will later on be followed by their parents wanting to be closer to their families. Although the idea of designing homes for multigenerational families is not new in the market, homebuilders are preparing to design more homes for multigenerational American families.
Rich Van Tassel of Royal Oaks Building Group shares with Bradenton-Herald that one's home selling ability was good to sell a home that's got a first floor bedroom, starting about four to five years ago. Now every home the company's built that's more than half a million dollars will have first floor bedroom and a full bath in addition to a study. Some models they offered even had two master suites, one on the first level and the other upstairs, however sales for these didn't go well according to Van Tassel. He also shared with the news that Royal Oaks currently focuses on designing homes with space that can be used in multiple ways such as an extra bedroom, a home office or a nursery.
Ashton Woods Homes is reported to have designed multi-use first-floor space into is floor plan, aiming for buyers who know they will eventually have long-term guests. A good example is the company's new 4,880-square-foot-model with a guest suite, a bathroom, family room and a kitchen. The model is at the company's Leesville Crest community in North Raleigh. Reports say the company has also planned a model with a separate one-car garage with an entry to a private suite.
Lennar's Next Gen model in Bella Cassa has an estimated 3,700-square-feet and larger common areas. Lennar has been reported to have had one pre-sale and is already building two others since the model has been unveiled in October.