MULTI-GENERATIONAL LIVING
3 Golden Rules for cultivating a Healthy Multi-Generational living dynamic
1 . Establish clear boundaries and expectations for all parties . Determine how financial contributions will work , shared responsibility for household chores and expectations for visitors and noise levels upfront .
2 . Designate personal space . Ensure that every family member or generation has their own private area within the home , whether it ’ s a separate bedroom or living area , as well as expectations around privacy and personal belongings .
3 . Communication and compromise are key . “ Be willing to compromise and adapt to each other ' s needs and preferences . You can foster an environment where everyone feels valued and heard by holding regular family meetings to address concerns , resolve conflicts and make collective decisions ,” Smee concludes .
Grant Smee is the Managing Director of Only Realty Property Group
Real Estate Investor Magazine JUNE 2024 55