As housing prices continue to skyrocket and the inventory of Canadian homes becomes increasingly smaller, multi-generational homes have begun to experience a renaissance. Parents and adult children as well as grandchildren are coming together to live under one roof.

To learn more about the impact this lifestyle trend is having on the home renovation industry, eieihome.com went to Vadja Jericevic, President and CEO of Modular Home Additions LTD.

Previously, the Canadian version of multigenerational living typically meant that a grown child had taken up residence in the basement of his or her parents’ home; however now, that is not always the case.

“In-law basements suites are not that common anymore,” Jericevic tell us. “Most often side, back or 2nd floor additions are discussed in cases where two families will be living together”.

In many households, the home’s living room, dining room and kitchen are shared, with the addition providing a separation of the sleeping and bathing quarters.

“[Older] parents usually get [a bedroom and separate bath] on the main floor in order to avoid the stairs, and the younger part of the family gets to climb to their bedrooms,” Jericevic says.

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Have you been thinking about renovating your home for some time now but you don’t quite know who to call or where to begin?

In order to help you with the process, eieihome.com reached out to Bole Cirovic of Modular Home Additions, one of the GTA’s leaders in home renovation services.

It’s never too early to get the process started. “One of the most common misconceptions about the renovation process is that contractors can get started within 4-6 weeks of making contact.” Cirovic says.

The reality is that timeframe actually looks more like 4-6 months, so if you were hoping to get in touch with a contractor today to start your renovation this summer, you are out of luck.

The city permit process is time consuming, but the good news is that Modular Home Additions goes through the hassle for you.

Renovations 365 days a year. Although it may take longer then you hoped to get your renovation started, the good news is that Modular’s unique installation process allows them to work year-round. “ Believe it or not, renovations are actually easier in the winter because it is a drier season with less rain and wetness” Cirovic says. Read more .