Multi-generational Living Is Changing How We Build and What Clients Want
Manage episode 479587166 series 3385001
The construction industry is evolving beyond traditional renovations and new builds, with emerging markets like ADUs, barndominiums, and multi-generational compounds becoming increasingly popular among homeowners. This shift reflects changing demographics and lifestyles, with the average age of independence now 27 years old and one in five adults between 25-34 still living with their parents.
• ADUs (Accessory Dwelling Units) are typically cheaper to build than home additions because they're new construction rather than renovations
• Financing and property valuation remain significant challenges for alternative structures like barndominiums
• Multi-generational living is driving demand for compound-style properties with separate living spaces
• Sustainable living features like gardens, water retention systems, and animal habitats often accompany these alternative structures
• Research rural zoning laws and building requirements before entering this niche market
• Develop relationships with local permitting offices to navigate regulations more effectively
• Create preset designs and pricing for quick client proposals
• Energy efficiency knowledge can provide additional value through government subsidies and tax benefits
• Different labor crews with specialized experience are often needed for barndominium and ADU construction
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Chapters
1. Introducing the Future of Construction (00:00:00)
2. Understanding ADUs vs Home Additions (00:02:27)
3. Financing and Property Value Challenges (00:07:18)
4. Multi-Generational Living and Market Trends (00:11:23)
5. Sustainable Living and Farming Integration (00:14:15)
6. Breaking into the Niche: Practical Tips (00:19:06)
7. Getting Started and Final Advice (00:25:07)
138 episodes