Real Estate Market 16 January 2024

The Rise of Multi-Generational Living in Orleans

Orleans, a suburb of Ottawa, is a charming and peaceful community that has become increasingly popular for its tranquil living environment. However, with the rise of multi-generational living, Orleans might also become a hub for secondary dwelling units, duplexes, and in-law suites. For many homebuyers, multi-generational living has become a new trend that can lead to increased family harmony and cost savings. In this post, we explore the benefits of these living arrangements and why Orleans is a thriving community for this new way of living.

What Are Secondary Dwelling Units?

Secondary dwelling units are self-contained housing units that can be attached or detached from the main home. These units are often equipped with a bathroom, kitchenette, and separate entrance. They are a great alternative for families who are looking to live together under the same roof but still maintain some level of independence. These units can also be rented out, providing a source of income for the homeowner. The city of Ottawa offers homeowners the opportunity to build these units, but they must meet specific guidelines to ensure the safety and legal compliance of the unit.

What Are Duplexes?

A duplex is a home that features two separate units, each with its own entrance, living room, bathroom, and kitchen. Duplexes are great for multi-generational living as they provide separate living spaces for family members while maintaining a sense of togetherness. They also offer an affordable way for homebuyers to invest in real estate. In Orleans, duplexes are usually found in suburban areas, making them ideal for families who crave space and privacy. They are typically bungalows that have been converted with an upper and lower floor living space.

What Are In-law suites?

An in-law suite is a separate unit within a house that provides independent living spaces for elderly parents or adult children who want to live with their parents. This type of setup is perfect for families who want to live together but still have their own space. In-law suites may include a bedroom, living room, kitchenette, and bathroom. Orleans offers a range of in-law suite options, from small apartment-like spaces to more extensive suites tailored to specific needs. They are a great way to provide aging family members with support and a sense of belonging while maintaining their independence. In-law suites normally share the same entrance to the home, which is what distinct them from duplexes.

What Do All These Have in Common; Cost Savings!

Multi-generational living provides cost savings to families as they get to pool their resources, such as cooking, cleaning, and utilities. Expenses such as mortgage payments, property taxes, and insurance can be shared, making homeownership more accessible and affordable. Multi-generational living can also help family members save on childcare and elder care costs as they can provide support for one another. It might become more popular with first time home buyers trying to find a way into the competitive Real Estate market.

It Could Lead to Harmonious Living

The benefits of multi-generational living go beyond cost savings; it can also lead to increased family harmony and emotional support. Living with extended family members can create stronger family bonds, reduce feelings of isolation, and provide a sense of security, especially for children and the elderly. With the added benefits of secondary dwelling units, duplexes, and in-law suites, multi-generational living has become an attractive option for many homebuyers. Find out which option might suit your family best for the short and long term.

Multi-generational living is becoming a new way of life for many families. With secondary dwelling units, duplexes, and in-law suites, homeowners can enjoy closer family relationships, increased financial stability, and more in Orleans. If you are considering buying a home in the area, explore these options and discuss with your real estate agent to see if they can work for you and your family. With careful planning and open communication, multi-generational living can provide a brighter future for your family and your community. Contact Marc-Andre Perrier, Orleans Realtor, and schedule a meeting to discuss all your options!