Husband and I are considering getting a mother-daughter home with my parents who are in their 60s. Their living space would be completely separate from ours, would share backyard. Anyone do this and can share how it is? Pros I can think of: We have 2 very young children that my parents help watch instead of daycare so will be convenient, we get to enjoy their retirement years with them, helps with costs of owning a home (home would be in our name). They are easy going and generous.

uplifting
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I did this. Bought a 5br, 3ba, 2 kitchen home with my mom. My MIL lives here too most of the year when she’s in the US on a visa. My wife and I have 3 kids under 2 and having live in grandmas is incredible. Absolute game changer. My mom pays $518/m toward property taxes (a little less than half) and she also covers things like the landscapers and internet. I pay $3k/m for the mortgage (PITI) plus utilities and the housekeepers.

likehelpful

I don’t do that but my sister and family and my mom do it. They built a house together, closer to a lopsided duplex (sister side much bigger).

It seems like it works out really well. I think just making sure you’ve talked through expectations and boundaries, and respect each others living spaces. Knock, call, or whatever. Make sure the costs, what is shared, what isn’t, etc., are discussed beforehand too, don’t assume.

Definitely helpful for kids stuff and makes it easier to spend time together, share meals, etc.

likehelpful

I know several families that this works out well for. I think it’s great and you would never have a problem selling if it didn’t work out as these homes are always in demand because so many people look for this type of thing. Good Luck🍀

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Your parents didn't spend enough of their life raising you and now you want to coerce them into raising your kids also? You do you, but when negotiating this arrangement make sure you build in the agreement on how to disband in case it doesn't work out for either party.

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Director 1 this is family not one of your consulting contracts. You must be fun at parties, you sound like a complete tool.

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On paper, it sounds like a good idea, but what happens if the parents decide they don’t want to do childcare for you?

Please make sure to consider all possibilities before doing this.

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