The Real Estate industry is always in motion, following the undertow in a sea of generational trends. First came the ‘Man Cave’, a fortress of solitude for the Y chromosome. Stocked with snacks and covered in sports paraphernalia, it served as a getaway for men to escape the responsibilities of adult life. Naturally, the She-Shed was born some time later. This trend allowed women to retreat into the peaceful solitude of their own private space, and finally relax in the style and comfort level of their choosing.
But a real struggle facing the ‘Sandwich Generation’ – people who have the responsibility as caregiver to their own children as well as their parents – is not where to escape, but rather how to make room for more. Enter the latest trend: the MEDCottage, also known as the ‘Granny Pod’. A self-contained miniature house, it fits in most backyards. While only encompassing 288 square feet, it boasts a bedroom, kitchen, and bathroom – and that’s just the beginning.
Assisted living facilities can be extremely expensive, and don’t allow for easy contact with family members. The Granny Pod sits mere feet from the main house, and offers up several high-tech features such as video monitoring systems, smart toilets, and virtual companions to help residents manage their medication or communicate with the main house.
Granny Pods start at a mere $55,000! Considering that the average retirement facility costs anywhere from five to fifteen thousand dollars more than that annually, Granny Pods look to become a popular alternative in the years to come.
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