Buyersmultigenerationalseniors May 20, 2022

What Is Multigenerational Housing

MacFarlane Homes - Blog post about diversification and buying a multigenerational home

Some Highlights

  • If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home.
  • Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today.

Let me know if you’re interested in finding a house that meets your changing needs and has plenty of space for you and your loved ones. 

AptosHouse Hunter Silicon ValleyinvestorsmultigenerationalSanta Cruz County January 14, 2022

Aptos Multigen SFH or Rental | Aptos, Santa Cruz County Home Tour [VIDEO]

‘Sheltering in Place’ has created many changes to people’s living situation.  It has allowed  employees of many Bay Area companies to work remotely, and it’s now very common to see people move out of state and take early retirement.  Employees with corporate jobs have also been able to expand their commute travel radius (1-2 hrs away), as work policies now allow employees to come in to office with less frequency. Families look for more space to live, work, play and teach and they’re finding that this new remote “work from home” is an excellent opportunity to love where they live and that means with more room and yard space!

In previous videos, I have discussed the fact that Santa Cruz County is gaining wealth from neighboring counties, such as from Santa Clara, Alameda, and San Mateo. With much reluctancy from laid back beach locals, those that wish to take their equity and move are grateful that their little Santa Cruz beach bungalows are catching a pretty penny for retirement this high equity growth is across the country!) Here’s another example of a Santa Cruz multigenerational home and why they’re terrific options. Click here 

In this strong sellers market with record low inventory, many smart homeowners are preparing their home to sell this year to take advantage of the opportunity.

Here’s a home I toured yesterday in Aptos, perfect for multigenerational family or someone who’s wishing for a downstairs rental for passive income. Cabrillo College is only 9 mins away and a 1BD/1BA would fetch average $2K/month.

Aptos is a great community – good schools, variety of shops and restaurants and only 8 minutes away from one of my favorite beach, Beer Can Beach!

This is a secret path to Beer Can beach from Via Palo Alto

 

I hope you enjoy my quick YouTube video tour of 129 Lyle Ct Aptos.
If you’re interested in learning more about multigenerational homes or looking for a beach community, ask me, I’d love to help you find your next home!

Call quickly for more information
I’ll help you write up a winning offer.
https://lnkd.in/gdvvXe2C

multigenerationalSanta Cruz CountyVideo October 2, 2020

House Hunter – Spotting a Multigenerational Fixer in Santa Cruz! [Virtual Tour Video]

So you say you are looking for a home where you can:

1) add value

2) build “sweat equity”

3) move the entire family

4) convenient location on the Santa Cruz Eastside

5) Walking distance to restaurants, shops and hospital.

Let me know if you’re interested… I’d love to help a buyer write a winning offer or find similar like properties that you can add your personal touches to and enjoy the Santa Cruz life style.

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Here are 5 reasons why having a digital savvy realtor using virtual real estate technologies benefits buyers and sellers in today’s demanding market: https://bit.ly/YourREadvisor

Lynne MacFarlane Explains Shelter in place with a troll

I’m a transition specialist – I’m a native born SF, proud of my city and the Bay Area and I love helping families pursue their home goals. I’m a member of the National Association of Realtors, California Association of Realtors and Silicon Valley Association of Realtors. I have an advance certificate as a Senior Real Estate Specialist and I’m also an affiliate member of the Professional Fiduciary Association of California, Silicon Valley Chapter

 

 

Housing MarketmultigenerationalRetirementseniorsSREStrends August 14, 2020

Why Search For Multi-Generational Housing In The SF Bay Area [Video]

Lynne MacFarlane Homes

Lynne Watanabe MacFarlane, MCDM, SRES | Realtor

PFAC Silicon Valley affiliate

Intero | A Berkshire Hathaway Affiliate

phone 831.346.2743

DRE# 02066698

EconomyHousing MarketinvestorsMONTEREY COUNTYmultigenerationalSANTA CLARA COUNTYSanta Cruz CountyseniorsSRESSunnyvaletrends July 26, 2020

Multi-Generational Housing On The Rise And Co-Living Arrangements In The SF Bay Area

San Jose - Sunnyvale - Santa Clara Shared Households

In recent years co-living has gained popularity not only in younger 20’s demographics, but attracting popularity for 50+ Boomer generation. Typically, seniors who opt for the co-living lifestyle as homeowners enjoy additional income from roommates and companionship!

What’s the difference between Co-Living versus Co-Housing?

In co-living people without family ties choose to cohabitate in a single dwelling. Typically, each resident has a private bedroom but other rooms (such as kitchen, laundry room, family room) are considered shared common spaces. In a co-housing community, each individual or family has an independent living unit (single family home, condo or apt) and they might share common facilities such as pools, a library, conference or fitness space.

Silver Tsunami

In the SF Bay Area we know that the lack of affordable housing is difficult as it can hit the senior population hard. As the ‘Silver Tsunami’ and senior households continues to expand over the next two decades, households in their 80’s will be the fastest-growing age group according to the Joint Center for Housing Studies of Harvard University. Many of those households already face cost burdens.

Santa Cruz, Watsonville Shared Housing

Santa Cruz – Watsonville Share of Households age 65+ www.jchs.harvard.edu

As the cost of senior communities continue to rise, along with visitation restrictions which COVID19 has placed on family members not being allowed into these senior communities, the desire for multi-generational housing continues to escalate. These are hard questions all families must decided what is important to them. Families are looking for more options as our lifestyle has shifted during these stressful health crisis times our community and family interdependence has become of greater necessity.

What are Co-Living Advantages?

  1. Sharing household responsibilities can lessen the load and housemates can have complimentary benefits such as one roommate’s ability to drive to the store and another can prep food and cook. This might allow individuals to live independent and active lives.
  2. Fewer seniors own their own homes these days, more are likely to have a mortgage or even a second mortgage. Co-living can help homeowners afford to stay in their home but creating passive income with rent. Sharing space means dividing up utility costs and home maintenance expenses too.
  3. Loneliness is one aspect of aging-in-place that co-living can help remedy. A sense of belonging and community can be nurtured with scheduled co-living events such as “Italian Night!” and plan cooking a dinner while playing Italian opera and watch a favorite Italian movie!

Preventing Co-Living Conflicts

Create a written agreement outlining who pays for what and when. Housemates with declining cognitive abilities and/or mobility issues can make living together difficult so a mutually agreed upon rental contract will help avoid co-living conflicts.

Make sure to interview to find the right fit housemate. Look for someone who is financially stable, and shares your interest, values and lifestyle. Always discuss privacy expectations and do consider looking outside an age range. When meeting with a prospective roommate for the first time, always meet in a neutral public location for safety reasons. Get references from previous roommates and consider a background check and credit check; protect oneself.

Consider a trial period and see if all personalities get along! Will pets or habits become irritating after two weeks? Will you need to consider ‘overnight guests’ and does each roommate need to seek permission and could this be considered an invasion of privacy for some? Some people need more privacy than others and having a written agreement can help communication and expectation.

It can be a wonderful experience co-living with others. Co-living can be multi-generational or the same age, but whatever one decides to do I hope you’ll enjoy the company and appreciate your differences!

** Looking for a Multi-Family Home? Click here for a Search for Single Family Homes with 5+ bedrooms, CA

If you’re interested in other cities, let me know, I can set-up your customized search to assist your needs.

Lynne MacFarlane Homes

Lynne Watanabe MacFarlane, MCDM, SRES | Realtor

PFAC Silicon Valley affiliate

Intero | A Berkshire Hathaway Affiliate

phone 831.346.2743

DRE# 02066698

 

 

CampbellmultigenerationalOpen HouseReal Estate December 13, 2019

Open House – Spacious 4BD/3BA Family Home in Campbell [video]

980 Crockett Ave Campbell, CA 95008

SAT Dec 14th 1-4 PM

SUN Dec 15th 1-4PM

~ Happy Holidays! 🏡 Bring the entire family ~

Join me this Open House Weekend SAT and SUN (12/14 & 12/15) from 1-4PM at

4 bedrooms, 3 full bathrooms, open floor plan with 2,886 SqFt living space with new hardwood floors, new carpet and interior paint and new stainless steel appliances. This would make an excellent multigenerational home with bottom floor bedroom and full bath, perfect for extended visits with grandparents/guests.

Soraya Hejazi, Wells Fargo mortgage consultant will be here Sunday to answer any questions and help you with the pre-approval process.

Welcome home!

More Information: https://lynnemacfarlane.realscout.com/homesearch/listings/p-980-crockett-ave-campbell-95008-mlslistings-258

Lynne MacFarlane Homes

 

Accessory Dwelling UnitsinvestorsmultigenerationalOpen HouseSan Jose August 18, 2019

Fantastic Open House! – 448 N. 21st Street, San Jose [Video]

 

Join me at my Open House at 448 N 21st Street San Jose

Aug 18th Sunday from 1PM – 4:30 PM

Following yesterday’s ADU (accessory dwelling unit) event called “Small Homes, Big Impact” sponsored by the Housing Trust of Silicon Valley and the AARP of California, I will host the open house at 448 N 21st Street in San Jose as example of a home built with an attached ADU in the backyard. There is 2,265 SF of living space with a lot size of 6,375 SF lot. This 5 Bedroom and 4 Bath is ready for move-in. All you have to do it think how you’d like to take title… as  a home allowing multi-generational living, one can pass the property down to adult children or two or three couples can purchase as tenants in common, it’s up to you how you would like to use the space.

 

This ADU is 404SF, complete turnkey with 1Bedroom, 1 Bathroom, kitchen with stove, refrigerator, dishwasher, a living room, and A/C. This ADU has a separate entryway allowing the resident independence from the main home. It can be used as a business office, an in-law/family unit, or rented for lease or AirB&B.

The structure has permits for all work and shows very well.

The pass-through garage looks like a single car garage, but actually allows 3 or more cars inside the long driveway.

Here’s my Open House video:

Let me know if you’re interested in receiving this home’s property report &/or disclosures. This is a fantastic turnkey property with many uses!

 

If you or anyone you know is looking to buy, sell or invest in the San Francisco Bay Area, I am never too busy for your referrals! Thank you.