Could millennials and elderly co-living be the future of homebuying?
An ongoing trend shows millennials are waiting longer to buy homes while seniors facing retirement are reluctant to join assisted living facilities. The lack of interest from these two highly sought-after markets has pushed residential developers to look for more creative options.
Per the U.S. Green Building Council’s Los Angeles chapter, homebuilding company KB Home and architectural design firm KTGY have partnered to create Greenbuild KB Home ProjeKt. The innovative program aims to promote co-living between the millennial generation and seniors by revamping existing homes and communities. The goal is to create an affordable, sustainable, and high-tech living space that would bring the two demographics together to change the current landscape of homebuying.
KB Home ProjeKt was recently previewed at the International Greenbuild Conference & Expo at the Los Angeles Convention Center. The home model showcased device-controlled window coverings, thermostats, irrigation, and home security systems that would not only impress millennials but relieve physical burden with older generations. The kitchen and bath areas were specially designed for the elderly to “age in place” while maintaining their independence.