Page 25 - Real Estate Now Jan-Feb 2022

storey homes that allow you to create a self-contained space for family members. On larger homes, Kyte is also seeing
more than one primary suite with a large bedroom, walk-in closet, and ensuite bathroom.

“They’ll have additional bedrooms on a different side of the house if it’s a bungalow, or upstairs if it’s a two-storey,” he
says. “This allows the homeowner some flexibility if there’s a family member with mobility issues or a disability. They
can move into a multigenerational house and have their own space, and they’re not pushed off into a basement or a
secondary dwelling.”

Ready for the future
Kyte personally believes it’s smart to invest in a property with the potential for multigenerational living.

“The more options you have for a property that you’re either purchasing for living in or for investment, the better the
investment,” he says. “Then, you can move in and tailor a property to your own needs, and if there’s an opportunity of
getting additional income, that just makes sense. When you sell it, it’s a better asset for you because you’ve increased
the value.”
Purchasing a home for multigenerational living can be beneficial in the long and short run. If it’s something you’re
considering, be sure to enlist the help of a REALTOR® to find the property that best suits your family. ■

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