Lennar and Village Builders are further strengthening their commitment to offering their unique The Home Within a Home multigenerational homes in the Houston area. This Houston Business Journal article by Paul Takahashi highlights the reasons why.
Lennar has expanded its multigenerational home options in Houston.
About three years ago, the Miami-based homebuilder launched The Home Within a Home line in Houston, which offers two homes under one roof – ideal for families with aging parents or other dual-living arrangements.
Lennar’s “The Home Within a Home” features a 2,200-to-3,500-square-foot main home, and a separate 500-to-600-square-foot private suite with its own living room, kitchenette, bedroom and bathroom. They range in price from the $250,000s to the $500,000s.
Lennar’s The Home Within a Home is geared toward multigenerational living: Families with elderly parents, a recent college graduate, a relative with a disability or an adult child with special needs. As a family’s lifestyle changes, The Home Within a Home suite can be transformed into a home office, entertainment space, in-home gym, a hobby room or a guest suite to host visitors for extended stays.
Initially, Lennar and its Houston subsidiary, Village Builders, opened a couple of Home Within a Home models in two communities across Houston. However, Lennar and Village Builders found that more families are looking at multigenerational home options in recent years.
Today, about a quarter of adults ages 85 and older and a quarter of young adults ages 25 and 34 live in a multigenerational household, according to a Pew Research study from 2012. Those figures have increased in the past three decades, according to the study.
Lennar also found that increased housing and health care costs for seniors is driving more families to consider multigenerational home options.
As a result, Lennar decided to redesign and relaunch the The Home Within a Home line, offering nine floor plans. Lennar recently opened 20 The Home Within a Home model homes, and can build these homes in 40 communities across Houston.
