In real estate, we are seeing generational living become a huge thing. We recently held an open house for a 5-bedroom home with well over 4,500 square feet and we were shocked at the number of buyers who came in looking for a setup where they can have mom, dad, their kids, or both living in the same household. This trend seems to increase in popularity each year.
Portland is not exactly the most retirement-friendly place. Our cost of living is pretty high, as are our property taxes. Downsizing won’t result in you paying much less like it would in other areas of the country.Property values are just so high right now. This is why we’re seeing more and more families come together under one roof.
What they’re typically looking for is something with a master bedroom on the main floor and two separate living areas. Accessory dwelling units are becoming more popular as well.
This is a really fascinating trend to watch. If you have any questions about generational living or about other affordable living options in Portland for you and your extended family, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.