It is surprising to see that the generation which believes in independence and self-reliance when it comes to a living space, is actually happy sharing it with their elders. A Pew report states that more than three-quarters of adults aged between 25 to 34 years who live with their parents, were satisfied with their living arrangement. Almost 50 percent of these paid rent, and approximately 90 percent contributed in the household expenses. Also, according to a 2011 report of Generations United, an advocacy group based in Washington, D.C., 82 percent of the participants living in these households said that staying in multigenerational homes has brought them closer, 72 percent experienced an improvement in their financial health, and 75 percent believed to have experienced care benefits.
Whatever additions you make, ensure that they are in sync with the current layout of the house, and complement the house completely. Most families resort to temporary fittings that may look off-the-wall. These may hamper the resale value of the property. A good remodeling that ensures smart and multipurpose usage of the extra spaces, would definitely attract more buyers, thereby increasing the property's value.