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Move in with my parents?

Joined: 1/4/2009
Posts: 12
My parents want to turn the title of their house over to me and wife. They have a wonderful home AND it's paid off. The good news about this is that we could sell our house, keep the money and then live mortgage free in my parents home. There's one catch, and here's the bad parents want to continue living there with us. They are both in their 70s and in good health but they foresee a time when they can't take care of themselves and would like some help verses having to move out of their home. So....thoughts? Words of wisdom? Advice? Warnings?
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Comment by

Joined: 5/26/2009
Posts: 11
It is a good idea but with catches, as you said. You would have to have rules, which is hard but necessary. Just my opinion.
Posted: Monday, June 22, 2009 11:14:52 PM
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Comment by Somewhat Crunchy Mama

Joined: 7/26/2009
Posts: 4
It sounds like a wonderful idea in theory, but could become complicated in time. As someone who has had a bit of a revolving door for wayward family members, let me tell you it's extremely difficult to live with family members no matter how much you love them.

You need to ask yourself some tough questions and answer them honestly.

1) Is being there for my parents the main motivation for the move?

2) Can I be there for my parents in the way they hope or expect (financially, physically, emotionally)? It sounds like they may be looking for someone to care for them, should they need it, rather than having to utilize a nursing home.

3) Do my wife, my parents and I have similar tastes, values and interests?

4) Can my wife and I manage the necessary chores to keep up the home; repairs, mowing, cleaning, cooking etc.?

If you can answer yes to the above, I'd say definitely make the move! If there are any nos, then examine your options. Should you decide to make the move I suggest you work out the intricacies first. For instance will you be guests in your parents home, or will they become guests in yours? Or will the house be considered mutual territory? Either way, it would most likely be best if you can each have your own space within the home. You could share areas like the kitchen but each have your own livingroom area...little things like that will make a big difference. If you all have your own space that you feel is just yours, where you don't have to worry about sharing the TV, can go a long way towards making the adjustment an easy one.

Good luck in whatever you choose!
Posted: Tuesday, July 28, 2009 11:40:41 PM
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Comment by Guest

Joined: 10/30/2008
Posts: 2,760
There's a terrific amount of knwloegde in this article!
Posted: Saturday, December 31, 2011 6:21:24 AM
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