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(English) Multi-Generational Housing Knowledge Critical for Agents in the Coming Decade

(English) Multi-Generational Housing Knowledge Critical for Agents in the Coming Decade

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1 comentario
  1. Greg Wright
    Greg Wright Dice:

    We are so far behind the ball on multi-generational housing it is not funny.

    Many REALTORS. like myself, recognize the demand and are eager to meet our clients needs for these types of properties. Sadly, there are few choices consumers have other than trying to fit their situation into existing single family and multi-family options.

    I for one, would like to see some of the barriers removed to the awesome multi-generational housing concepts that are used in other countries.

    Here are some specific barriers:

    First of all; most local zoning codes have no provision to address these situation treating either like a big house or multi-family, and many codes have language which actually prohibits such things like second kitchens or having living areas in more than one structure.

    Second off: Nearly all builders are not in the game, because they only want to build what has a track record of selling, which means more of the same. Even for builders who are willing to venture into this area most require construction financing which leads to the third problem.

    Third: Banks do not want to make loans for builders to build something that does not have a track record.

    Greg Wright
    Past Chair Economic Issues
    National Association of REALTORS

    Responder

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