TRENDS IN REAL ESTATE – ARE YOU ONE?

There seem to be many trends happening in the real estate world today, such as, upsizing, downsizing, lateral moves, adult children not leaving home or moving back home, to name but a few.

I thought I would talk about the trend of having one of your parents move in with you. My wife and I are going through this process as we speak and hopefully I will be able to give you a few ideas to consider when making this decision.

First you have to confirm with the parent or parents that this is something they would like to do. Sometimes the parents would suggest it or as in our case we suggested it to my father-in-law. When my wife asked him, he immediately agreed. It was like he was waiting for us to ask.

Then you need to discuss it with your siblings to see if they are in agreement. You certainly don’t want anyone’s nose out of joint. You know the old joke, “Mom or Dad always liked you best!”

The next thing you need to consider is what type of living arrangements you want. Does your parent want to be totally independent with their own kitchen etc., or do they just want to share in the daily family activities, such as dining, watching TV or whatever and just have a room of there own.

You also need to have a discussion with your children as this will affect how they go about their daily routine. In our case, all our children were supportive of having their grandfather living with us, but two of our three children did not want to move. We haven’t made our decision as yet, but if we decide to move forward we will be moving, as our house is not conducive to this sort of situation.

The list of things to consider goes on and on… Are stairs an issue? Do the bathrooms need to be altered?

This decision can be a little overwhelming but remember you can always count on your Coldwell Banker Pinnacle real estate professional to help guide you through this very emotional decision.

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