Multigenerational Living: Finding the Right Property

Purchasing a home with family members or adding a self-contained unit to your backyard is becoming an increasingly practical solution in New Zealand's housing market. However, affordability isn’t the only reason more families are choosing to live together under one roof or on the same property.

Once considered a last resort, multigenerational living is now appreciated for its financial, emotional, and practical benefits. If you’re considering this lifestyle, understanding the needs of everyone involved and planning the right type of dwelling is crucial to making it a success.

Why is Multigenerational Living on the Rise in New Zealand?

The trend toward multigenerational living is growing as families look for ways to share resources and support one another. Rising living costs and the high price of property are significant drivers, but the appeal goes beyond finances.

Shared childcare responsibilities, care for aging parents, and the ability to save for a first home are just a few reasons Kiwis are embracing this way of living. In many cultures, living with extended family is a sign of respect and a practical way to provide care and companionship across generations.

Options for multigenerational living

When it comes to accommodating extended family, there are several property options to consider:

1. Adding a granny flat

A self-contained granny flat can provide privacy while keeping family close. These secondary dwellings can cost anywhere from $50,000 to $200,000, depending on the size and specifications.

Before building, check with your local council about zoning and compliance requirements, including lot size, boundary setbacks, and height restrictions. A well-designed granny flat can also boost your property value and create potential rental income in the future.

2. Living under one roof

If you’re considering a shared home, look for properties with flexible layouts. A home with dual master bedrooms, separate wings, or the potential to create independent living spaces is ideal.

Features like separate entrances, private courtyards, or even a kitchenette for the second household can help maintain independence while living together.

3. Duplexes or dual occupancy

For families looking for more separation, duplexes are a great option. These side-by-side dwellings provide privacy and independence while allowing family members to remain connected.

A duplex can also offer financial advantages, as the properties can be sold or rented out separately in the future.

Financial considerations

While living together can ease financial pressure, it’s essential to have clear agreements in place. If relatives are contributing to the purchase or construction of a home, seek independent legal advice to ensure everyone is protected. A written agreement should outline contributions, maintenance responsibilities, and an exit strategy in case circumstances change.

Benefits of multigenerational living

Multigenerational living offers more than financial savings. It strengthens family bonds, creates shared memories, and provides valuable emotional and practical support. For older family members, it can combat loneliness and foster deeper connections with grandchildren. For younger generations, it can mean help with childcare and a pathway to financial security.

Pooling resources also enables families to afford homes in desirable areas and invest in larger properties that suit their needs.

Tips for making it work

The key to successful multigenerational living is communication and respecting boundaries. Choose a home that allows for shared family time while offering individual privacy. Consider proximity to schools, public transport, parking and amenities to ensure convenience for everyone.

If you’re unsure whether multigenerational living is right for your family, a short-term rental arrangement can help you test the waters before making a permanent commitment.

Find the right home

Whether you’re looking for a home with a flexible floorplan, space for a granny flat, or the potential for dual occupancy, LJ Hooker agents are experts in finding the right property. Get in touch to discuss your needs or join their database to stay updated on new listings.