Yerkes Upstate SC Blog
14
May

Adding an In-Law Suite

With the number of multigenerational households increasing, an in-law suite can be one way to accommodate the change. But creating one takes planning and understanding.

Job loss and broken retirement nest eggs may encourage more Americans to consider moving in with their adult children. It’s important, however, that this new living space allows privacy and independence for all.

Combine Households
The benefits of inviting relatives to cohabit include combining incomes to maintain a single household, shutting down homes in the off-season to save on utility and maintenance costs, and creating a sense of permanence for seniors instead so they don’t feel they have to rotate among children to avoid inconveniencing any one household. And, as the old saying goes, two can eat as cheaply as one.

Data compiled by AARP, the advocacy group for people 50 and over, shows an increase in multigenerational households from 5 million, or 4.8 percent of all U.S. households, in 2000 to 6.2 million, or 5.3 percent of all households, in 2008.

From its research, AARP also notes that:

  • 24 percent of baby boomers anticipate that their parents or in-laws will move in with them
  • About one-half say they would be happy to have their parents or in-laws move in
  • 51 percent say they would feel obligated to help in their parents’ retirement
  • 17 percent would be “eager” to find their parents or in-laws another living arrangement
  • 8 percent of boomers would charge their parents rent.
     

Read Ful Article by Bob Vila....


Compliments of:


Yerkes Upstate Real Estate Services

RESIDENTIAL, INVESTMENT, COMMERCIAL

LAND, FARM, PROPERTY MANAGEMENT
Global Relocation and Referral Services

Personal * Service * Support * Professionalism * Integrity

Providing friendly dedicated service - customized to your needs.

Using state-of-the-art methods to find the right property for you
and/or sell your property at the best possible price.

 

Direct Phone: 864-209-1864
 

YerkesUpstate.com

 



Lawrence Yerkes
SC Broker License# 100261
Mobile: 864-209-1864
Office: 864-412-4281
Website: Visit Website
eMail: Contact

Only Way Realty Greenville
20 Roper Corners Circle Suite B
Greenville, SC 29615
Featured
Blog Contents Copyright 2017 by Lawerence Yerkes, All Rights Reserved. Information Deemed Reliable, but Not Guaranteed. Any property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this blog and personal web site comes in part from the participating Brokers.
Design & Contents Copyright © 2017 - AgentMarketing.com - All rights reserved - Websites Dedicated To Just One Home