The Real Deal New York

Families look for homes to fit the whole gang

February 22, 2010 06:26PM

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Make way for Grandma and Grandpa — and maybe a couple cousins, too. More families are looking for homes that can accommodate several relatives from across generational lines, according to a survey conducted by Coldwell Banker Real Estate. The survey, which culled responses from 2,360 Coldwell Banker sales agents, found that 37 percent of employees saw a noticeable uptick in the number of buyers looking for so-called “multi-generational homes.” The economic downturn is cited as a major reason for more family members bunking together, according to Diann Patton, a consumer specialist with Coldwell Banker, who said that the financial savings can extend beyond real estate. “With two or three generations living under one roof, families often experience more flexible schedules, quality time with one another and can better juggle childcare and eldercare,” Patton said. TRD

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