Posted by Northeast Signature Properties, LLC on 2/24/2020

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Multigenerational properties have seen a demand spike recently, giving sellers a reason to sit up and take notice. As family dynamics shift and the economy rises and falls, property owners need to pay attention to who's buying what. We'll look at what constitutes a multigenerational property and which ones are seeing the most attention. 

Accessibility & Space 

The very word multigenerational may confuse some home sellers. After all, any home can be a multigenerational home depending on who lives there. But these homes are usually defined as being accessible to people of all ages with enough space to accommodate different lifestyles. 

For example, the home may include a separate entrance and living room where a grandmother can maintain her independence without being far away from her family. Or it may include a wheelchair-accessible ramp to an in-law unit (complete with kitchenette). New multigenerational homes are built so each level can accommodate a different generation (similar to a duplex). 

Why the Spike in Demand

The way we live is determined by everything from the average yearly salary to our daily demands. While families may have primarily stuck together a century ago, nuclear families took center stage in the latter half of the 1900s. It seems as though many Americans are seeing the pendulum swing back the other way. Today, up to 41% of all home buyers are looking for a home that can house either an elderly parent or an adult child. 

While the exact reasons are still a little hazy, the trend seems influenced by the desire to save money. However, there are other benefits to multigenerational homes that lie just underneath the surface. These homes encourage togetherness while still giving everyone a sense of space. This can lead to better health outcomes — both mentally and physically. Young parents can ask their parents to watch their children while they're gone and adult children can help elderly parents as they age. 

What Sellers Can Do

Most sellers are unlikely to revamp their homes entirely before putting it on the market just to make it an official multigenerational home. However, they can give their homes a quick refresher with an eye towards the universal design. This may mean installing grab bars in the bathroom or carpeting the bedrooms to provide more traction. 

There's no reason for home sellers to go overboard when it comes to putting their property on the market. However, they can keep in mind who the buyers are in the area. It may help you decide whether to stage your third bedroom as a nursery or a study. 




Categories: Uncategorized  


Posted by Northeast Signature Properties, LLC on 2/20/2020


104 Holliston St, Medway, MA 02053

Single-Family

$675,000
Price

8
Rooms
4
Beds
3
Baths
Welcome to this stunning 4 bed 3 full bath colonial. Nothing to do but, relax and entertain. Elegant vaulted ceiling great room, with beautiful crown molding and recently installed gas fireplace overlooking the 1.15 acre park-like backyard. This home has a gorgeous updated kitchen with stainless steel appliances including 3 ovens and a fireplace, in the eating area, for cozy fireside meals. The master bedroom has hand crafted crown molded ceiling and a bathroom updated just prior to listing. The 2nd and 3rd full baths updated very recently. On the main floor there is a large home office in close proximity to the full bath that has been tastefully adapted to allow possible wheelchair access* making a great guest suite. Custom millwork,crown molding and gleaming hardwood floors throughout,enhance all of this lovely home.Natural gas heat. All this within easy access of Medway's coffee shops and stores.Showings start Friday 2/21.
Open House
Sunday
February 23 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 104 Holliston St, Medway, MA 02053    Get Directions

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Categories: Open House  


Posted by Northeast Signature Properties, LLC on 2/20/2020

Welcome to this stunning 4 bed 3 full bath colonial. Nothing to do but, relax and entertain. Elegant vaulted ceiling great room, with beautiful crown molding and recently installed gas fireplace overlooking the 1.15 acre park-like backyard. This home has a gorgeous updated kitchen with stainless steel appliances including 3 ovens and a fireplace, in the eating area, for cozy fireside meals. The master bedroom has hand crafted crown molded ceiling and a bathroom updated just prior to listing. The 2nd and 3rd full baths updated very recently. On the main floor there is a large home office in close proximity to the full bath that has been tastefully adapted to allow possible wheelchair access* making a great guest suite. Custom millwork,crown molding and gleaming hardwood floors throughout,enhance all of this lovely home.Natural gas heat. All this within easy access of Medway's coffee shops and stores.Showings start Friday 2/21.

More Info on this Property | New Listing Alerts




Categories: Uncategorized  


Posted by Northeast Signature Properties, LLC on 2/20/2020


104 Holliston St, Medway, MA 02053

Single-Family

$675,000
Price

8
Rooms
4
Beds
3
Baths
Welcome to this stunning 4 bed 3 full bath colonial. Nothing to do but, relax and entertain. Elegant vaulted ceiling great room, with beautiful crown molding and recently installed gas fireplace overlooking the 1.15 acre park-like backyard. This home has a gorgeous updated kitchen with stainless steel appliances including 3 ovens and a fireplace, in the eating area, for cozy fireside meals. The master bedroom has hand crafted crown molded ceiling and a bathroom updated just prior to listing. The 2nd and 3rd full baths updated very recently. On the main floor there is a large home office in close proximity to the full bath that has been tastefully adapted to allow possible wheelchair access* making a great guest suite. Custom millwork,crown molding and gleaming hardwood floors throughout,enhance all of this lovely home.Natural gas heat. All this within easy access of Medway's coffee shops and stores.Showings start Friday 2/21.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Northeast Signature Properties, LLC on 2/19/2020


370 Village Street, Medway, MA 02053

Single-Family

$359,000
Price

6
Rooms
3
Beds
1
Baths
Enjoy the convenience of first floor living in this well maintained three bedroom Medway ranch in move in condition set on a lovely 0.64 acre lot that backs to a cul de sac neighborhood. Enter through the front door into the sun filled living room with bay window, hardwood flooring and a pretty mantle over the wood burning fireplace. The hardwood flooring extends from the living room into the hall and into all three bedrooms. The spacious eat-in kitchen with granite topped breakfast bar, neutral tile flooring is open to the relaxing family room with built-in bookcases/cabinets and a slider that leads to the 10x12 deck overlooking the backyard and storage shed. Bathroom updates include wainscoting, tile flooring, brand new commode & a brand new gorgeous granite top adorning the vanity. Other highlights include ample closet/storage space in the home and in the attic over the one car garage, top of the line Buderas heat system and newer garage door. A great commuter location!
Open House
Saturday
February 22 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 370 Village Street, Medway, MA 02053    Get Directions

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Categories: New Homes  




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