Feature article

Multigenerational living: Everything you need to know

Look for a good entertaining space and separate areas too.

Gill South
Last updated: 3 September 2024 | 15 min read
AI

AI summary

Multigenerational living is a growing trend in Aotearoa, driven by financial benefits and the desire for family support. Families are pooling resources to buy or build shared homes.

Popular solutions include large houses with separate living areas or flexible home and income properties. The government's Granny Flats proposal may also make these arrangements easier in the future.

Before committing, it is crucial to seek independent legal advice to create a property sharing agreement and consult a mortgage broker.

International examples of multigenerational living

People in Aotearoa living the multigenerational dream

Tips on multigenerational living

Multigenerational living on a lifestyle property

The Smith family’s tips on multigen living

How large house builders are catering for multigenerational living

Consult advisers before taking the leap

Legalities to keep in mind

Author

Gill South Gill South
Business and property journalist