Hello! I'm Nathan Derry with JohnHart Real Estate, here to discuss a trend that's been gaining momentum in the real estate world—next-generation (or "next-gen") properties. These innovative homes are designed to meet the evolving needs of modern families and offer a variety of benefits, from providing a safe and comfortable space for aging family members to generating additional income. But how do next-gen homes differ from Accessory Dwelling Units (ADUs), and why are they becoming so popular? Let’s dive into it!

What Are Next-Generation Properties?

Next-generation properties, often referred to as multi-generational homes, are homes specifically designed to accommodate more than one generation under one roof while providing privacy and independence for each household. These homes typically include a main living area for the primary family, as well as a separate, fully functional unit with its own entrance, kitchen, bathroom, and sometimes even a laundry room.

Benefits for Aging Family Members

One of the most significant advantages of next-gen homes is their ability to support aging family members. As our loved ones grow older, the need for proximity and care increases, but so does their desire for independence. Next-gen homes strike the perfect balance by allowing seniors to live close by while still enjoying the privacy and autonomy of having their own space. This arrangement can also ease the financial and emotional burden of transitioning into an assisted living facility, allowing families to provide care in a familiar environment.

House Hacking: Generating Additional Income

Next-gen properties aren’t just for accommodating family—they’re also a great way to generate additional income. By renting out the secondary unit, either long-term or through platforms like Airbnb, homeowners can supplement their mortgage payments and increase their cash flow. This strategy, often referred to as "house hacking," is an excellent way to maximize your property’s potential while maintaining flexibility for future needs.

How Do Next-Gen Homes Differ from ADUs?

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Exploring the Growing Trend of "Next-Generation" Properties: A Smart Choice for Your Family and Finances

At first glance, next-gen homes might seem similar to Accessory Dwelling Units (ADUs), but there are key differences.

• Design and Integration: Next-gen homes are built with multi-generational living in mind from the outset. This means the secondary living space is seamlessly integrated into the home’s design, often sharing common areas like the yard or garage. ADUs, on the other hand, are typically separate structures added to an existing property, such as a converted garage or a standalone cottage.

• Zoning and Regulations: ADUs are subject to specific zoning laws and regulations that vary by city, which can limit their size, use, and even who can live in them. Next-gen homes, being part of the original home design, don’t face the same zoning challenges and are often easier to finance and insure.

• Flexibility: While ADUs are a great option for those looking to add space to an existing property, they can be more expensive to build and may not offer the same level of integration as a next-gen home. Next-gen properties, on the other hand, are designed to adapt as your family’s needs change, whether that means housing aging parents, adult children, or even generating rental income.

Why the Trend Is Growing

Several factors are contributing to the rise of next-gen properties:

• Aging Population: As the Baby Boomer generation ages, there’s an increasing need for housing solutions that allow seniors to live independently while remaining close to family.

• Rising Housing Costs: With housing prices continuing to climb, more families are looking for creative ways to make homeownership more affordable. Next-gen properties offer the opportunity to share costs and generate income.

• Flexible Living: Families today are more diverse and have more complex living arrangements than ever before. Next-gen homes provide the flexibility to accommodate changing needs, whether it’s supporting aging parents, helping adult children save for their first home, or generating rental income.

Is a Next-Gen Home Right for You?

If you’re considering a next-gen property, it’s important to think about your long-term needs and how a multi-generational home could benefit your family. Whether you’re looking to care for aging parents, support adult children, or simply want to make the most of your investment, next-gen homes offer a range of benefits that make them an attractive option in today’s real estate market.

If you’d like to learn more about next-gen properties or explore available homes in your area, feel free to reach out. I’m here to help you navigate the ever-evolving real estate landscape and find the perfect home for your needs.

All the best,

Nathan Derry, Realtor 

📍JohnHart Real Estate

📞(424) 303-0440

📧 nathan@jhagents.com

👨🏽‍💻 itsnathanderry.com

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