Why Multigenerational Living Is Driving Renovations in 2026

Homeowners are still renovating in 2026—even with higher costs and economic pressure. But the reason why is changing. In this episode of Real Estate News for Investors, Kathy Fettke breaks down new data from Block Renovation showing a major shift toward functionality over resale. More families are choosing to stay put and redesign their homes to fit how they live today. One of the biggest drivers? Multigenerational living. With more households bringing aging parents, adult children, or caregivers under one roof, demand is rising for flexible spaces and accessory dwelling units, or ADUs. We'll also cover how homeowners are funding these projects, the growing role of AI in renovation planning, and why trust in contractors remains a major challenge. For real estate investors, this trend signals a shift in housing demand. It's no longer just about square footage—it's about adaptability, functionality, and long-term livability. Source: https://www.prnewswire.com/news-releases/block-renovations-how-america-renovates-2026-report-finds-functionality-multigenerational-living-and-ai-are-shaping-renovations-today-302735081.html