Coco, Early & Associates | North Andover MA Listings. Real Estate


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Multigenerational properties have seen a demand spike recently, giving sellers a reason to sit up and take notice. As family dynamics shift and the economy rises and falls, property owners need to pay attention to who's buying what. We'll look at what constitutes a multigenerational property and which ones are seeing the most attention. 

Accessibility & Space 

The very word multigenerational may confuse some home sellers. After all, any home can be a multigenerational home depending on who lives there. But these homes are usually defined as being accessible to people of all ages with enough space to accommodate different lifestyles. 

For example, the home may include a separate entrance and living room where a grandmother can maintain her independence without being far away from her family. Or it may include a wheelchair-accessible ramp to an in-law unit (complete with kitchenette). New multigenerational homes are built so each level can accommodate a different generation (similar to a duplex). 

Why the Spike in Demand

The way we live is determined by everything from the average yearly salary to our daily demands. While families may have primarily stuck together a century ago, nuclear families took center stage in the latter half of the 1900s. It seems as though many Americans are seeing the pendulum swing back the other way. Today, up to 41% of all home buyers are looking for a home that can house either an elderly parent or an adult child. 

While the exact reasons are still a little hazy, the trend seems influenced by the desire to save money. However, there are other benefits to multigenerational homes that lie just underneath the surface. These homes encourage togetherness while still giving everyone a sense of space. This can lead to better health outcomes — both mentally and physically. Young parents can ask their parents to watch their children while they're gone and adult children can help elderly parents as they age. 

What Sellers Can Do

Most sellers are unlikely to revamp their homes entirely before putting it on the market just to make it an official multigenerational home. However, they can give their homes a quick refresher with an eye towards the universal design. This may mean installing grab bars in the bathroom or carpeting the bedrooms to provide more traction. 

There's no reason for home sellers to go overboard when it comes to putting their property on the market. However, they can keep in mind who the buyers are in the area. It may help you decide whether to stage your third bedroom as a nursery or a study. 


This Single-Family in Bourne, MA recently sold for $421,000. This Raised Ranch style home was sold by Office Coco - Coco, Early & Associates.


20 Regency, Bourne, MA 02561

Single-Family

$399,900
Price
$421,000
Sale Price

5
Rooms
3
Beds
1
Baths
Conveniently located near Bridge & Canal on a private cul-de-sac, this Sunny, Open Raised Ranch offers opportunities to enjoy fishing, biking and walking along the Cape Cod Canal. The home's main living area features living room with gas fireplace & wood flooring, well-designed kitchen with extra cabinetry & granite counters and vaulted ceiling family room's slider leads to deck. Three bedroom and full bath complete the main floor. If you seek extra living space, the finished lower level provides many options, in addition to workshop and laundry room. Relax to the smell of salt air, walk to the canal on adjacent foot path, and escape from it all, while minutes from the bridge, shopping, dining and major highway. Ready to go, just bring your bike and fishing pole!

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This Condo in Tyngsborough, MA recently sold for $180,000. This Garden style home was sold by Office Coco - Coco, Early & Associates.


3 Bridgeview Circle, Tyngsborough, MA 01879

Condo

$170,000
Price
$180,000
Sale Price

4
Rooms
2
Beds
1
Baths
A wonderful opportunity to own a first floor, CORNER, garden style condo with walk-out slider door access! You’ll love the new floors throughout this condo! This condo offers two spacious bedrooms each with double windows and a closet with mirrored doors. The living space offers an open concept feel. The l-shaped kitchen offers cabinet space, appliances, and recessed lighting. Right beside you’ll find a cozy space for your dining table with a beautiful updated pendant light overhead. The living room is perfectly situated with slider door access and recessed lighting to be bright and welcoming. The full bathroom is updated with tiled floor and lovely vanity with a white vessel sink. This unit offers in unit washer & dryer! Schedule your showing today!





106 Abbott St, Lawrence, MA 01843

South Lawrence

Single-Family

$259,900
Price

6
Rooms
3
Beds
1
Baths
Why pay rent or buy a condominium? Look at this affordable Single-family home in South Lawrence. This property needs some TLC, some cosmetics will go a long way. Hardwood floors in the living room and dining room. Two car garage (has been used as storage). This will not last on today's market!
Open House
Sunday
January 17 at 12:00 PM to 2:00 PM
First Showing at Open House!
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Location: 106 Abbott St, Lawrence, MA 01843    Get Directions

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4 Koper Ln, Pelham, NH 03076

Single-Family

$734,900
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Meticulously Designed This New Single-Family Home!! Located In A Great Country Setting Neighborhood Yet Less Than 4 Miles To MA Exit 47 Or To All Shopping, Restaurants And Entertainment Salem NH! Custom Detail And Character Are Evident Throughout This Home That Is Being Built W/Style While Imploring Energy Efficient Standards. It Offers 2,900+ Sq Ft Of Architectural Elegance, 3 Car Garages, 4 Spacious Bedrooms, 2.5 Baths, Formal Dining Room, A Den/Home Office, Grand 2 Story Foyer, Spacious Gourmet Kitchen Open To A Marvelous Family Room With Gas (Propane) Fireplace, Dining Area Leading To A Deck, Master Suite Offers A Large Walk-In Closets And A Private Bath With Tiled Shower, Double Vanity And Soaking Tub!! Second Floor Laundry! This All Sits On A Gorgeous Lot With Over An Acre Of Land. Come And Take A Look - This Could Be The One For You! Generous Allowances And All The Amenities You've Come To Expect In This Lovely Home. Don't Miss The Opportunity To Customize This Home And Make Yo
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