The real estate landscape is shifting in Southern California and beyond. Multi-generational rentals are on the rise. Driven by economic factors, lifestyle and affordability, these living arrangements are becoming a go-to option for renters and those investing in rental properties.
What are Multi-Generational Rentals?
Multi-generational rentals accommodate multiple generations under one roof. Examples include parents and adult children living together and/or parents and grandparents. These properties often feature separate entrances, separate suites or accessory dwelling units (ADUs).
Why It’s Growing
- Aging Population: More seniors are moving in with family instead of assisted or senior living.
- Cultural Preferences: Many communities value and prefer multi-generational living.
- Rising Housing Costs: Families are pooling their resources to afford larger-sized homes.
- Increased Cost of Childcare: Parents are opting to move in relatives rather than pay for full-time childcare.
Investment opportunities
This housing model offers high rental yields and lover vacancy rates since multiple tenants share costs. Those investing in rental properties like these can benefit from: lower turnover rates, diverse tenant pools and higher per-square-foot rent.
Considerations for investors
Considering investing in rental properties like this? Consider the property layout. Multi-generational homes need privacy-focused layouts, like separate entrances into the property. Screening Tenant compatibility ensures
outlook
The demand for affordable, flexible and community-driven housing will continue to grow, making multi-generational rentals an investment opportunity in the coming years. Multi-generational rentals provide an opportunity to diversify your rental portfolio.
Partner With AllView Real Estate
When it comes to investing in properties in Southern California, partnering with AllView Real Estate can make all the difference. Our team of experienced professionals is dedicated to helping you navigate the complexities of the real estate market with confidence and ease. From initial consultation to closing, we provide personalized service tailored to your unique needs and goals. Our extensive market knowledge, strategic marketing plans, and expert negotiation skills ensure that your home attracts the right buyers and achieves top value. Let AllView Real Estate be your trusted partner in this important journey. Contact us today to get started on maximizing the return on your home sale in Los Angeles, Orange, and San Diego Counties.
