Multigenerational housing rising in Texoma - KTEN.com - No One Gets You Closer

Multigenerational housing rising in Texoma

Posted:

SHERMAN, TX - It's estimated that millions of Americans live in multi-family homes and the number continues to rise. It's a trend that home builders have taken notice of, and are starting to tap into.

Watch the video here: http://www.youtube.com/watch?v=zWdBRLGx1GY&feature=youtu.be

Experts say it's a trend that's on the rise for several reasons, and it's not just young people moving back in with their parents, it's also parents moving back in with their grown children.

The biggest reason is obvious, it's cheaper, but some say it's more than that.

It was a tough decision for these young newly weds starting their lives together.

"It did take some thinking about, it was kind of like what do our friends think, you know we're moving back in with our parents, what does that say about us, you know."

But Derek and Courtney Merner made the move, into her parents new home.

"It's very private, I mean we have a complete basic apartment here," said Courtney.

And as Courtney said it's not your ordinary house.

It was built by Bill and Nancy Riseman.

In a rapidly changing society, the Risemans are building houses for the future.

"Some people are interested to have their parents, either one of them or both of them, and some of them want their younger children that are recently married to live with them," said Bill.

It's called multigenerational housing.

Houses specially built for several generations to comfortably live in together.

"If you have a really good relationship with your family, it's definitely beneficial," said Courtney.

"Being able to have the kids back home, but not necessarily in the main house is really a nice thing," said Nancy.

And while in some countries it's been a tradition for many years, some financial experts say it's definitely on the rise here in the United States.

"That closeness to your family again, that sense of extended family coming back and that original purpose that we're supposed to be together and help out each other," said former multigenerational house resident, Suzy Kozak.

One local financial advisor says home builders are smart to capitalize on it, with the rising cost of health care forcing families to move their parents in with them.

"Absolutely, oh yeah we'd like to do more of this, I think that it is certainly going to be a trend for the future, it seems to make a lot of sense," said the Risemans.

It's a trend the Risemans are happy to accommodate.

Some experts say history is repeating itself with our tough economic times.

During the great depression, almost 25 percent of individuals resided in multifamily homes.

For more information on the Riseman Development Company email Bill and Nancy at risedevco@aol.com.