Who benefits from Granny Flats, Granny Flat – Garage Conversion, or Mother-in-Law Suites?
We all do. Why and how?
Gerontologist explain the benefits of a Granny Flats in these criteria:
- Families want senior family member in the home to support them as they age…
- Located adjacent to a family home, not in the family home – Oversee caregiving staff…
- For the specific purpose of extended senior family care. – Location controls cost…
- Control caregiving cost and keeps seniors active in the community – Perfect family balance.
When Social Gerontologist or CCCM are introduced to a family it is normally a crisis, as an unexpected illness, fall or conditions of aging has been presented as an emergency, and services/solutions are necessary immediately. Emergency solutions are costly. Granny Flats are not emergency solutions, Granny Flats are thoughtfully planned financial solutions for future increases in care and the coming shortage of senior care workers. Granny Flats are small homes that are built in backyards adjacent to a suburban or city homes or converted family garages, often housing senior family members.
Granny flats can increase the resale value of your property by up to 30%. Sure, you may not be thinking about selling now, but this financial boon could benefit your family down the road — especially if you need to move to a bigger property as your multi-generational family expands.
Gerontologist Know Granny Flats are Game Changers
Multigenerational family living is older than our Constitution. We all came from or were born into a social system that acknowledges family kinship care as family responsibility.
These allow informal arrangements allow families to pair services for senior or disable family members that are in line with their medical or psychological needs with budgetary constraints in mind.
Traditionally seniors aging in assisted living or nursing home care may experience some mental health decline due to placement in an unfamiliar environment with unfamiliar faces.
Granny Flats are a more suitable alternative to this situation. Granny Flats allow seniors to actively engage with family – close not to close, and their community on a daily basises.
These accommodations allow seniors to age in place, connected and participating in their communities with family support for medical, insurance, and financial decisions.
In less than 11 years, 2030 our country the United States of America will face an unprecedented generational care worker gap. The typical sandwiched group will have added stressors of family care support due to cost and location. Seniors over age 65 will be 1 of every 5th person.
The projections numbers listed above are from this current study by the US Census – Older People Projected to Outnumber Children for the First Time in U.S. History.
The above information means the next Sandwich Generation will be pressed to meet the needs of this new normal.
This cost of elder care today and projected 2030 cost:
Cost of Care 2019
- Nursing home: private room
- Assisted living – No add ons
- Home care: home health aide
- Home care: homemaker
- Private duty home caregiver
Cost of Care 2030 – Tight Labor Market will increase cost significantly.
Granny flats can assist families in many ways:
Reduce overall financial burden
- Knowing budgeted cost and care for senior family members can decrease financial anxiety and caregiver depression
- Family member is close by – direct access to family member reduced the need for emergency care
- Reduce mental and physical family stress – reducing caregiver burner out
- Increase career possibilities for traditional family caregivers – increase work performance
- Planned respite care.
Although family caregiving is often performed by women, men are starting to assume greater roles in caregiving support, adding needed respite care, and financial resources.
Families and communities’ resources assist elderly family members in making decisions for familiar care, information is key in choice.
Multigenerational – Family care is not a new “thing” family care preserves family unity and family resources. Families control cost in senior housing and services by controlling the location on the services. Granny Flats adjacent to the family home or attached (converted garage) to family homes are excellent options to control the location for senior services.
Family caregiving this close is convenient for working families with close community ties and traditional family roots.
Multi-generational family living is growing nationwide and in expected locations. Granny Flats provide privacy while keeping senior family members close by. Granny Flats are erected or built on the main property, can only be sold with the primary residence, and are normally stand-alone units. Granny Flats can also be part of the primary family home – converted family garage/s.
The cost of housing is increasing. Location is key for employment and family harmony. It is an established family that considers the future cost of children and senior parents. With those costs in mind, now is the time to consider Granny Flats as viable options for aging family members or unemployed boomerang adult children.
The newly minted 401K Millionaires expected share of senior cost in 2030 is unknown and likely means-tested.
Gerontologist know having care tools in your tool box is important when offering solutions to clients. This is not an emergency solution. This tool is a game changer for senior and family care now and in the future.
Preserve family harmony, heritage, community, and financial resources with a Granny Flats.