With the cost of living constantly on the rise, many people are choosing to move out of expensive neighborhoods and into affordable multifamily homes. While this switch in home style is becoming popular, it’s not the only lifestyle change that’s happening across the country. In fact, many people are not just opting to move to more affordable housing, but to also move in with members of their family, splitting the cost of rent, utilities, and other expenses. In Hawaii in particular, this transition is rapidly becoming more popular. Here’s why.
What’s Driving People to Move Into Multigenerational, Multifamily Homes?
Hawaii is the most expensive place to live in the United States. It’s no wonder—the tropical setting, beautiful weather, and vibrant culture make it attractive to locals and tourists alike. However, there are challenges to living on an island.
Distribution for food, furniture, building materials, and other necessities are more difficult to get and are more expensive, and these costs get passed on to Hawaiians. Add this to the high poverty rate, low wages, and high rent prices, and you have a population that has difficulty making ends meet. Multigenerational, multifamily homes make it possible for Hawaiians to live a more comfortable lifestyle without having to move away to a more affordable state.
Being Close to Family
Hawaii has a culture that thrives on tight-knit families, and for many, the thought of moving away from their parents, grandparents, aunts, uncles, and cousins is not even worth considering. By moving into a multigenerational, multifamily home or apartment complex, residents can spend more time with the ones they love. For those that work full-time jobs, it can also help them save money on childcare costs. Additionally, they can lower the out-of-pocket costs for each resident’s living expenses and lower financial stress for everyone living in the house.
Living in a multigenerational, multifamily home is a wonderful way to stay close to family while still living in an area you love. If you’re interested in building a custom home to accommodate your family’s needs or want to remodel your current home to allow family members to move in, contact R. Clary Builders. They’ve helped Oahu, HI, residents with all of their home design and remodeling needs for more than 30 years. Their contractors will get the job done on time no matter how large or small it is. Learn more about their services online, or call (808) 263-4463 to schedule a consultation.