With assisted-living costs rising to as much as $10,000 a month and childcare costing as much as $1,000 to $3,000 per month, there is an interesting phenomena taking place: seniors are selling their homes and moving in with their children.
According to USA Today, from 2000 to 2007 the number of parents living with their children rose from 2.2 million to 3.6 million, an increase of 67%. 75% of those parents are under 65, compared to 62% who are 65 and older.
This has been happening for a variety of reasons: economic concerns, an aging population, and the desire among family members who live far away to be closer to their loved ones.
The children seem to enjoy having their parents close by should they become ill, or, worse, have an accident that would render them immobile, creating an inconvenience for the entire family. The parents also like the idea of being close to the children and grandchildren. This can also help eliminate the cost of day care and provide a better atmosphere for the young children.
In-law master suites can provide a great solution for some families. With an ever-increasing need for these types of additions, it is no surprise that an addition to the home to combine families is also a great investment.
Here are some of the popular amenities that our customers have been asking for:
- Handicap-accessible baths
- Bedroom/den combinations
- Small kitchenettes
- Private entries and access to patios and decks
Reliable Home Improvement and Supply has been providing additions, kitchens and baths for over 43 years. So if it makes sense to add space to suit your family’s needs, Reliable will be happy to assist you with design consultation for this type of project free of charge. Feel free to visit our 15,000 sq.-ft. showroom at 1300 W. Ferry Road in Naperville, and view some of our projects on our website showroom or phone us at (630) 579-6600.