SARASOTA, FLORIDA, September, 24, 2013 – Prospective home buyers who have an extended family to consider in their residential purchase decision will likely be drawn in by the multigenerational scheme that Lennar has introduced in several U.S. markets.The national homebuilder since last year has been offering its Next Gen™ – The Home With a Home® models in an increasing number of states including Florida, North Carolina, and Minnesota.
Lennar’s concept was in response to demand from an increasing number of individual home buyers and families who need to “double up” so that they can share mortgage cost and other living expenses. The company is the first national builder to explore this market niche. Essentially, its Next Gen solution revolves around an innovative space which is a complete suite designed with a bedroom, eat-in kitchenette, and living room. There is a choice for this area to be integrated into a home’s living space or have it as a private residence.
More than the challenges of economic costs brought to the fore by the Great Recession, a shift in demographics also created the demand for the Lennar offering. A new analysis by the Pew Research Center showed that the multigenerational family households are staging a comeback in the U.S. The center’s study showed that 16.1% of the total U.S. population, or a record 49 million, are living within a family household with at least two adult generations or a grandparent plus at least one other generation.
In the Manatee-Sarasota area, Lennar’s Next Gen homes are offered at the Sanctuary executive neighborhood of the River Strand community in Bradenton and at the gated subdivision of Stoneybrook in Venice. The multigenerational home option is likewise available at the executive village of Reflection Lakes in nearby Naples, Collier County.
The Independence is the Next Gen model which Lennar is building in these three Southwest Florida communities. This home has a floor plan of 3,557 square feet, five bedrooms, three baths, and a three-car tandem garage. A two-story affair, it is designed with a separate living area having its own bedroom, living room, kitchenette and eat-in breakfast nook. A base price in the high $300s is quoted for this multigenerational home.
Another Next Gen model, the Oxford, is likewise part of the Manor Homes collection that Lennar is set to build at its new project at the Bridgewater neighborhood in Lakewood Ranch. This particular design has a floor area of 3,828 square feet with six bedrooms, four baths and a half, and a three-car garage. Also a two-story residence, this home is priced a shade under $400,000.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>