Multigenerational Living in Today’s Real Estate Market

What if the future of housing isn’t just about affordability—but about family coming back together under one roof?

Episode Summary

In this episode of Off the Record, Joe and Makayla dive into the rising trend of multigenerational living and what it means for today’s buyers and sellers. From skyrocketing living costs to shifting cultural values, more families are pooling resources, sharing homes, and rethinking what “the American Dream” looks like.

Joe and Makayla share real stories from their own lives, reveal surprising statistics from the National Association of REALTORS®, and break down the four main paths to buying or creating a multigenerational home. 

Whether you’re a buyer exploring options, a seller wanting to understand demand, or just curious about this housing movement, this episode will leave you with insights and strategies to navigate a changing real estate landscape. 

👉 Don’t miss our companion blog post: The Rise of Multigenerational Living in Portland and Beyond
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Episode Highlights

• 00:02:00 – Hot Take: Joe vents about sellers expecting buyers to absorb years of deferred maintenance.
• 00:05:00 – Myth-Busting: Why Uncle Eddie’s radio advice doesn’t replace a seasoned broker’s expertise.
• 00:09:00 – Surprising Stats: 1 in 4 Americans live in multigenerational households—nearly quadrupled in a decade.
• 00:13:00 – Why Families Choose It: From childcare savings to supporting adult kids, the reasons are shifting.
• 00:17:00 – Four Paths to MultiGen Homes: Resale homes, duplexes, new construction, or building an ADU.
• 00:21:00 – Real Client Story: A Lake Oswego homeowner turned a shed into an ADU—adding massive family value.
• 00:24:00 – What We’re Loving: Portland’s food trucks and Forest Park trails get some love.

Resources Mentioned

• Blog: The Rise of Multigenerational Living in Portland and Beyond
  
  
• Website: livportland.com
  
  
• Portland Food Truck Feature: Big Tasty BBQ in West Linn
• Hiking Spotlight: Forest Park, Portland

💡 Thinking about a multigenerational living setup? Let’s talk! Schedule a consultation with the LivPortland team at livportland.com
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👉 If you enjoyed this episode, subscribe, leave us a review, and share it with someone who might be exploring new housing options.

Thank you for listening to this episode. Stay up to date on the latest trends and insights by subscribing to our podcast and following us on social media.

For more information about buying or selling in the Portland Metro real estate market, please visit www.LivPortland.com or contact us directly.

We appreciate your feedback, so please leave a review and let us know what topics you would like to hear more about.

Transcript

00:00:08:18 - 00:00:24:23

Joe Reitzug

Welcome to Off the Record talking real estate with joining me, Makayla. If you're interested in the Portland, Oregon real estate market and want the unvarnished inside scoop, you've come to the right place. Thanks for giving us a listen.

00:00:25:01 - 00:00:31:18

Joe Reitzug

Okay. Welcome, everyone. Thanks for joining us. Glad to have you here. Hello, Makayla. Hello.

00:00:31:19 - 00:00:33:00

Makayla Mast

How are you? I'm good.

00:00:33:01 - 00:00:43:07

Joe Reitzug

How are you? I am fantastic. I am sitting here in my Hawaiian shirt in the cool, cool confines of the Livportland studios. Yes.

00:00:43:09 - 00:00:44:08

Makayla Mast

I love having you here.

00:00:44:11 - 00:00:46:11

Joe Reitzug

Yeah. Thank you. Always appreciate it.

00:00:46:14 - 00:01:10:18

Makayla Mast

I have my iced coffee, per usual, because I'm a caffeine addict these days. And today we're going to talk about multigenerational living, which seems to be a hot topic. A lot of people are chatting, exploring options, and I've been seeing it in the news a lot, so I thought it'd be fun to pull some stats, and give you guys our perspective on a route to multi-generational living.

00:01:10:18 - 00:01:12:22

Makayla Mast

If that's something you might be interested in.

00:01:13:00 - 00:01:37:10

Joe Reitzug

Yeah. I you did the research on this and a lot of good information here. And, you know, just anecdotally, through our business, we've seen a ton of this where families come together or they have kids staying with them or they have grandparents or they have whatever the case might be. It seems like the US is catching up to the rest of the world, where multigenerational is much, much more common.

00:01:37:12 - 00:01:49:03

Makayla Mast

Right. So I'm excited to go to this, but first we have to start with our off the record segment.

00:01:49:05 - 00:02:09:02

Joe Reitzug

And people might be like, oh, come on Joe, get over it. Blah blah blah. And I don't want to be talking out of school with some of our clients or different stuff like that, but it's it's bugging me and it's a hot take. I am a little hot under the collar about sellers thinking that buyers are going to take on their deferred maintenance.

00:02:09:04 - 00:02:35:08

Joe Reitzug

A buyer comes in and there's mold, there's radon, there's a bad roof. There's electrical issues. And a seller will say, well, I'll do the mold or the radon, but I'm not doing the roof and I'm not doing the electrical. And it's like, those are maintenance items that have come up over the years in your house that you just haven't taken care of.

00:02:35:11 - 00:02:43:06

Makayla Mast

Right. It's not the buyer's fault. Why would the buyer assume 20 years of your deferred maintenance? That's ridiculous.

00:02:43:06 - 00:03:09:13

Joe Reitzug

And it's all in negotiation, obviously. But when you taken into consideration that it's deferred maintenance and the market that we're in right now where we have 50% fewer buyers and getting a buyer for a home is incredibly difficult right now. Yeah. Walking away from a buyer because you don't want to do things that were, you know, maintenance items on the home while you owned it is.

00:03:09:14 - 00:03:27:08

Joe Reitzug

That's a tough one, right? Really tough one to upgrade. I think that goes back to why we always tell people, hey, get your home in the absolute best shape you can. You know, pre inspections are great for finding out things about your house that are going to come up later, and just solving them so that you can have a smooth transaction.

00:03:27:10 - 00:03:36:10

Joe Reitzug

But it's tough. And I get it. You know it's tough to have big ticket items come up after you've already maybe negotiated the price down right.

00:03:36:10 - 00:03:56:21

Makayla Mast

Totally. But when we're representing a seller, I don't know if people realize that we don't want to just roll over either. Right? Like we want our sellers to net the most that they can possibly net. And us just suggesting that, you know, X, Y, or Z needs to be done. We're not doing that just to keep the deal together.

00:03:56:21 - 00:04:12:12

Makayla Mast

We're doing it because it's necessary for one, but for two are not going to be just getting you that highest quote and forcing you to fork over 40 K or whatever it is. We're going to be busting our butts to make sure it's affordable as possible for you.

00:04:12:12 - 00:04:33:09

Joe Reitzug

And we're looking out for your best interest. And, you know, people's best interest are getting the home sold, right. Not at any cost or anything like that. But when it comes to deferred maintenance items and some major things, that's going to be a rough road when you tell a buyer in this marketplace right now. Well, yeah, you know, you got the the home for a really good price.

00:04:33:09 - 00:04:45:18

Joe Reitzug

So I'm not going to do any of this stuff that flew in the previous market where it was a seller's market, but now it's really solidly a buyer's market and you just have to be really super careful with that.

00:04:45:21 - 00:04:51:00

Makayla Mast

Totally. And then sellers just need to understand that things are expensive for buyers.

00:04:51:04 - 00:04:52:01

Joe Reitzug

Yeah, exactly.

00:04:52:01 - 00:04:54:08

Makayla Mast

They're freaked out. And I get it.

00:04:54:10 - 00:04:59:02

Joe Reitzug

So that's my little bug. My take on. Okay, hit us with your smack.

00:04:59:04 - 00:05:14:08

Makayla Mast

My little bug is just because Uncle Eddie listens to a blip of real estate news on his radio show. Doesn't mean that he knows everything about local real estate news.

00:05:14:10 - 00:05:20:02

Joe Reitzug

Or Aunt Martha just sold her home in Idaho, and this is how they did it there.

00:05:20:04 - 00:05:20:14

Makayla Mast

Okay.

00:05:20:15 - 00:05:23:01

Joe Reitzug

That's a good one, too. Yeah, that's a good one.

00:05:23:03 - 00:05:44:19

Makayla Mast

There seems to be a disconnect in trusting professionals who are working in in on the business. Yeah. 24 seven. And it hurts my heart a little bit. So when you're looking for a broker to represent, you go with somebody that you truly feel like you can trust because a good broker is going to be supporting your best interests the whole way through.

00:05:44:21 - 00:05:56:03

Makayla Mast

If we, you know, look at the numbers and we decide it's not a good time for you to buy or sell, we are going to make that recommendation and point that out to you. We're not going to bamboozle you into making a decision that's going.

00:05:56:03 - 00:05:56:14

Joe Reitzug

To.

00:05:56:16 - 00:05:58:23

Makayla Mast

Hurt your financial interest. So.

00:05:59:01 - 00:06:32:16

Joe Reitzug

You know, on that topic, I've got a dentist appointment tomorrow. I've got a cavity, I don't know. And, you know, I just want to talk to this doctor about how he's doing this because I think I might have some pointers for. And that's not to compare real estate to, you know, an MD or anything like that. But it's just one of those things when you hire someone who's been doing it as long as you and I have, have done as many transactions and, and are in the market every single day, there's some value to listening to advice and recommendations and that type of thing.

00:06:32:16 - 00:06:48:23

Joe Reitzug

And a good thing is to ask questions and to be aware and there's nothing wrong with saying, hey, my Aunt Martha just did a sale this way, right? What do you think about that? But when you say, I want to do it this way because that's how they did it there, it's like it is kind of insulting. It's.

00:06:48:23 - 00:06:56:18

Joe Reitzug

Yeah, let's talk about Oregon law and actually how the standards of practices are here because it's much different. And it's just crazy sometimes.

00:06:56:18 - 00:07:19:20

Makayla Mast

Right, right. And we have a good understanding of the economy, the local economy and the global economy. But no one has a crystal ball either, especially Uncle Eddie. So yeah, all we can do is analyze the information that's given to us, look at past trends and patterns, and help you make an educated decision. Not claiming to know anything more than anybody else, but.

00:07:19:22 - 00:07:40:16

Joe Reitzug

I, I it's funny, I did I say Aunt Martha. Yeah. Yeah. That was actually from a situation years and years ago where I had a, a seller, who we were representing and they said, well, my Aunt Martha, who was a broker back in Baltimore, I think it was somewhere on the East Coast, I think it was Baltimore.

00:07:40:18 - 00:08:03:08

Joe Reitzug

My Aunt Martha says this and this and this and this. And I was like, oh, okay. None of which had any bearing on what we were doing here, you know, and, I actually called Aunt Martha and talked to her, and she was so sweet and she was wonderful. And she was like, oh, really? He's quoting me on that stuff.

00:08:03:10 - 00:08:08:21

Joe Reitzug

He I talked to him a long time ago, and she was like, I'm so sorry. I'm sorry. Do you want me to talk to him about it?

00:08:09:00 - 00:08:10:10

Makayla Mast

Oh my gosh, she's sweet.

00:08:10:13 - 00:08:11:13

Joe Reitzug

Yeah, she was very sweet.

00:08:11:13 - 00:08:13:01

Makayla Mast

Oh, I'm glad you called her.

00:08:13:01 - 00:08:19:02

Joe Reitzug

Yeah, yeah, that's, you know, whenever you can reach out to a professional. And she was. She was great. She was great.

00:08:19:02 - 00:08:19:14

Makayla Mast

Good.

00:08:19:14 - 00:08:34:22

Joe Reitzug

And that kind of nipped in the bud right there. But it was kind of like, you know, he was quoting things from what he had heard in the past and about her doing business. And, in Baltimore, I think it was and is just kind of like, oh, yeah. It's a that.

00:08:34:22 - 00:08:38:14

Makayla Mast

Doesn't work here. Different. Yeah. Every state's very different.

00:08:38:16 - 00:08:44:20

Joe Reitzug

Yeah. Okay. So that's the off the record hot take where we get things off of our chest.

00:08:44:22 - 00:08:45:12

Makayla Mast

Feels good.

00:08:45:12 - 00:08:50:03

Joe Reitzug

Thank you everyone for letting you know for sitting through our therapy session here.

00:08:50:05 - 00:08:52:11

Makayla Mast

I think this is going to be really good for you and I.

00:08:52:13 - 00:08:57:20

Joe Reitzug

Wow. That was it was refreshing. I feel like I can move forward with my day now.

00:08:57:23 - 00:08:58:16

Makayla Mast

Here we go.

00:08:58:17 - 00:09:03:00

Joe Reitzug

Okay, let's talk about, multi-generational living. How about that back?

00:09:03:05 - 00:09:27:13

Makayla Mast

Let's do it. So I pulled stats from the National Realtors Association from 2025, but were they were looking at 2024. So when I talk about these stats, that's what we are referring to. One thing I found interesting is that more than 1 in 4 Americans now live in multigenerational households, and this number has nearly quadrupled in the last decade.

00:09:27:15 - 00:09:31:23

Joe Reitzug

Does not surprise me at all. No, I think that's very accurate. Go ahead.

00:09:32:00 - 00:10:01:03

Makayla Mast

Another thing I found interesting when reading articles about this is that when I think of multi-generational living, I think of people like my parents taking in my grandparents because they need extra help and support and care. And while that's happening a lot, the trend actually shows that families are combining households in the opposite direction. So kids are moving back into the home after college, or maybe they're never moving out, or they're staying there longer to save money, whatever it may be.

00:10:01:03 - 00:10:02:13

Makayla Mast

I just thought that was interesting.

00:10:02:15 - 00:10:15:07

Joe Reitzug

Super interesting. Yeah, you're really striking a chord with me because, as you know, I have a 25 year old who is at home and a 23 year old who's out of the house now, but also comes home quite a bit. So it's kind of one of those things.

00:10:15:07 - 00:10:16:12

Makayla Mast

I love to eat all your food.

00:10:16:16 - 00:10:34:13

Joe Reitzug

Yeah. Yep yep yep yeah, I'm fully understanding all that and I just I see it all the time now. I see it all the time. Some of these stats too from Nar, National Association of Realtors, 17% of all homes purchased last year were multigenerational, 17%.

00:10:34:15 - 00:10:35:05

Makayla Mast

Higher than I.

00:10:35:05 - 00:11:06:15

Joe Reitzug

Thought. Yeah, for sure. Gen X buyers ages 45 to 59. It was 21% purchase. Multigenerational homes, younger boomers 60 to 69. Is that a younger boomer? It's a misnomer. They're I feel like 50% of purchased metros are multigenerational. And then older millennials, 35 to 44, 12%. So it's all across the board. And it's just something that I think the US is catching up with the rest of the world, right?

00:11:06:17 - 00:11:29:14

Joe Reitzug

Right now you look at other places around the world, and that's just how they've always lived, either having mom and Dad in the house or having adult kids in the house or, you know, whatever the case might be. But that's just how they live. Yeah. And the American dream has been go buy a house on your own and do that with affordability and everything else.

00:11:29:14 - 00:11:54:21

Joe Reitzug

It's, it's getting tougher and tougher to do. Plus it just makes sense. You know when, when Stephanie and I we built a home right next to her mom and dad. And we originally did it because we love them, obviously. And they're wonderful. But we had young kids at the time and it was super helpful to have them be able to come over and watch the kids or, you know, whatever the case may be.

00:11:54:23 - 00:12:02:19

Joe Reitzug

But then things turned full circle and it's like, oh, a decade or two later and you're taking care of mom and dad and, you know, the whole thing like that, right?

00:12:02:20 - 00:12:09:03

Makayla Mast

Right, right. You guys had a really special situation there. You could literally send them over the fence.

00:12:09:05 - 00:12:14:14

Joe Reitzug

Yeah, we had a gate between our fences and we would just open the gate and say bye bye.

00:12:14:16 - 00:12:19:10

Makayla Mast

But how cool is that that they got to grow up so close to their grandparents. Not many people can say that.

00:12:19:15 - 00:12:36:22

Joe Reitzug

No. And I think that gives you a certain empathy and understanding of the different stages of life. Yeah. You know, and Grandma and Grandpa had different problems than mom and dad having met you as a teenager have or those type of things. Sure. I think it's good.

00:12:36:23 - 00:12:53:06

Makayla Mast

Yeah, I do too. So 36% of buyers cited cost savings as their primary reason. Make sense? 21% reported that adult children moved back home, and 20% said that their adult children or relatives never left the home.

00:12:53:08 - 00:12:58:05

Joe Reitzug

100% in my case.

00:12:58:06 - 00:13:14:10

Makayla Mast

But, it's true. They reflect the reality of rising living costs, student loan debt, caregiving responsibilities, and all of the things I mean, with childcare and adult care being as expensive as it is, it just makes so much sense.

00:13:14:12 - 00:13:36:06

Joe Reitzug

Yeah, and I do think it's evolving family values of how you want to live your life and how close people are with their families. You know, when you live with people or when you have children in the home or parents in the home or grandparents or whatever, you can't help but being closer. And you have to understand and, you know, be empathetic and understand and and negotiate.

00:13:36:07 - 00:13:37:22

Joe Reitzug

Right. There's a lot of negotiation.

00:13:37:22 - 00:13:39:02

Makayla Mast

Oh yeah, I can imagine.

00:13:39:02 - 00:14:01:12

Joe Reitzug

Yeah. So all good stuff. So why do families choose multigenerational living? We kind of talked about that a little bit. Saving money, childcare, elder care, cultural expectations sometimes you know and then also helping adult children transition, which is a big part of what, you know, my house is it's expensive to buy a home right now. Right. Or to live or rent.

00:14:01:14 - 00:14:18:08

Joe Reitzug

Yeah. Yeah. So, you know, we we've had the conversation with my boys that, hey, you know, we got you until you're in a position where you can be on your own and, both of them, my two older boys are making good money right now. Have careers, and. But they're still saving.

00:14:18:10 - 00:14:19:06

Makayla Mast

Yeah, it takes time.

00:14:19:06 - 00:14:26:10

Joe Reitzug

Yeah, but we all share. We've had to have a few conversations about we're not going to pay for everything. You know what I mean?

00:14:26:10 - 00:14:26:23

Makayla Mast

Yeah.

00:14:27:01 - 00:14:33:15

Joe Reitzug

Yeah. It's great. And we want you to save. But at the same time, that grocery bill boy is something.

00:14:33:15 - 00:14:53:20

Makayla Mast

Cell phone bill, all of those things. Yeah, totally. So let's talk about our suggestion for a path to finding a multigenerational home or situation, if that's something you're interested in. So, like purchasing any real estate, unless you have cash, you got to get pre-approved for a mortgage first.

00:14:54:00 - 00:14:54:16

Joe Reitzug

Yeah.

00:14:54:18 - 00:15:05:19

Makayla Mast

The benefit to buying with multiple family members is you can have multiple family members on that mortgage, which oftentimes makes it easier to get pre-qualified.

00:15:05:21 - 00:15:36:00

Joe Reitzug

It makes it easier to get pre-qualified. But you also have to take into consideration the fact that you may have a job and an income, but your parents or grandparents may be on fixed income, retired, all those type of things, which is a completely different set up when it comes to financing. So we always say, and if you've listened to this podcast, we always talk about talk to your mortgage professional early rather than later in the process.

00:15:36:02 - 00:15:57:05

Joe Reitzug

And if you have a multigenerational situation, you want to be even earlier than that because it's going to be complicated if you're mixing right incomes and trying to get everyone on the mortgage or everyone untitled. So. Right. Just make sure you have those conversations early. If you're cosigning, it needs to be done in a certain way. Does an LLC make sense?

00:15:57:05 - 00:16:07:05

Joe Reitzug

Does. You know, there's a lot of different considerations. The bottom line is, if that's your situation, be sure you talk to your mortgage professional very, very early.

00:16:07:06 - 00:16:13:15

Makayla Mast

Yeah. Get the ball rolling. Yeah. Get the ball sooner than you think. And there's just so many moving pieces like Joe said. So.

00:16:13:17 - 00:16:34:01

Joe Reitzug

And you might be surprised, even though Grandma and grandpa or mom and dad or whoever is going to be, you know, buying this home with you and you think, oh, well, it's just going to be in my name. You know, they have assets, they have resources, they have different things that they can lean on. And that might help you be able to afford more home.

00:16:34:03 - 00:16:34:19

Makayla Mast

Exactly.

00:16:34:19 - 00:16:39:05

Joe Reitzug

And be able to set it up in a way that it's going to be fair and equitable for everyone.

00:16:39:05 - 00:16:45:16

Makayla Mast

So or maybe you have to kick somebody off of the mortgage loan because their credit isn't.

00:16:45:18 - 00:16:46:22

Joe Reitzug

That's always a consideration.

00:16:47:01 - 00:17:02:03

Makayla Mast

As everyone else's. Yeah, we had a situation like that the other day. I think when you're starting your search, there's really four main options when looking at types of homes for this kind of set up. They don't build homes to support multigenerational.

00:17:02:03 - 00:17:14:18

Joe Reitzug

Demand definitely outstrips supply on this. Yeah, for sure. And we're starting to see more and more homes that are multigenerational already. But it certainly doesn't come close to what the demand is for it. Right? Right, right.

00:17:14:20 - 00:17:37:17

Makayla Mast

So option one is to find a resale home that's already set up for multi-generational living. We've had buyers looking specifically for this type of home in the past. We've helped them close on these homes, but it takes a little time. Like we said, there's limited inventory and high competition here, so you just have to keep an eye out.

00:17:37:17 - 00:17:47:19

Makayla Mast

Sometimes brokers selling these homes don't market it in a great way either. Maybe they're not seeing the value. So you have to really pine through the listings for this type of thing.

00:17:47:19 - 00:18:09:20

Joe Reitzug

We've sold a few homes recently that I can remember that had quasi ADUs on the property, and that was a big part of I think how we got them sold was the ability for people to say, oh, this could be something multigenerational wise, that we could have a grown child or have mom and dad or whoever come to the property if they need to.

00:18:09:23 - 00:18:15:19

Joe Reitzug

Just having that option, I think is fantastic. Totally. Yes, and certainly adds value.

00:18:15:21 - 00:18:34:19

Makayla Mast

We see a lot of daylight basements with kitchens now, like people who are renovating or flipping homes. They'll rehab a kitchen in the downstairs to and then do a separate entrance to make it support two different families. And so that's always a good option, too, if you're looking for able to do a remodel.

00:18:34:20 - 00:18:36:17

Joe Reitzug

What about duplexes and triplexes.

00:18:36:17 - 00:18:48:02

Makayla Mast

Yes. So option number two good for families who want more of a separation I think. Yeah. And then also really great for investment purposes and resale value down the line.

00:18:48:02 - 00:18:56:18

Joe Reitzug

We don't see as much of that. And I think part of it is there's just not enough supply out there for those. I mean, you've been working forever for some folks I know.

00:18:56:20 - 00:19:23:05

Makayla Mast

Well, the problem is they're mostly occupied with tenants. So you have to assume the tenant at closing and then deal with getting them out. And so that often scares people. But in this kind of market, you know, and there's the tenant laws in Oregon are pretty intense. I forget the exact figure. But if you break a lease early, it's like you have to provide them with moving costs.

00:19:23:05 - 00:19:29:03

Makayla Mast

So I think it's like a if it's a two bedroom house, you have to give them like $4,000 to move.

00:19:29:05 - 00:19:37:18

Joe Reitzug

It depends on how many rental units you own as well. Right. If this is the only one you own, it's different than if you have four or more units.

00:19:37:20 - 00:19:59:11

Makayla Mast

In this market. I think there's an opportunity to negotiate that costs. I'm representing a buyer right now. We're heavy on the duplex hunt. And you know, it sounds terrible, but if there is a property where one side is occupied and we ideally need them out, we're negotiating that credit for the seller to pay that towards us at closing.

00:19:59:13 - 00:20:02:03

Makayla Mast

Then we use that credit to help the buyer relocate.

00:20:02:06 - 00:20:03:18

Joe Reitzug

Yeah for sure. Nice.

00:20:03:18 - 00:20:04:16

Makayla Mast

So it's possible.

00:20:04:16 - 00:20:14:11

Joe Reitzug

New construction design for multi-generational use I love this. And in our last podcast we talked about the movement to have each bedroom have its own bathroom.

00:20:14:11 - 00:20:15:18

Makayla Mast

As we did.

00:20:15:20 - 00:20:39:09

Joe Reitzug

I think this is also the wave of the future. Having some sort of either in the home, separate living quarters or outside the home, separate living quarters. And right now it's certainly in the upper price points where you see that. But it's becoming a staple where when people build homes now, they're thinking about that both for themselves and for resale.

00:20:39:15 - 00:21:05:04

Makayla Mast

Right. I think we can expect builders in the next few years to put at least a few master planned homes with multi-generational living in each community. The 2025 Street of Dreams. I don't know if I told you about this yet, but my mother in law went into them in Lake Oswego, and there's one. I think it's like 5 million something ridiculous, but it supports four generations.

00:21:05:06 - 00:21:15:00

Makayla Mast

So there's a great grandma suite. They called it, and then the grandma suite, and then the main family suite, and then like an extra mother in law suite. How cool is.

00:21:15:00 - 00:21:21:07

Joe Reitzug

That? Really cool. I love it when they can bring that down below a million. That'll be wonderful, right? Yeah.

00:21:21:10 - 00:21:37:13

Makayla Mast

She's so obviously the pros to new construction are custom finishes and modern design. Really getting to choose exactly what you want and having it be moved and ready. The cons are that there is limited availability and oftentimes a longer timeline.

00:21:37:13 - 00:21:45:20

Joe Reitzug

So that's new construction. What about buying a property and building a mother in law suite. Or you know what we call an additional dwelling unit.

00:21:46:00 - 00:22:07:22

Makayla Mast

Yes I love that. So expect to have cash set aside to do some kind of building if you're interested in that route. Usually we see this on properties that have acreage or you can obviously have room to build, but it's not impossible on a home in a residential neighborhood, on a bigger lot. You just have to be kind of like the the first option.

00:22:07:22 - 00:22:12:22

Makayla Mast

You have to pine to the listings to, yeah, find opportunity here. But we're seeing it all the time.

00:22:13:02 - 00:22:36:03

Joe Reitzug

Yeah. And it certainly depends on the zoning restrictions and you know, the cost and and that type of thing. But we have a client that bought a home in Lake Oswego, and it had a little shed that was for lawn storing lawn stuff and this and that. And the other, but it had a foundation. And so it was pretty easy for him to get permitting to put in an 80.

00:22:36:03 - 00:22:39:19

Joe Reitzug

You there. And it's going to be fantastic.

00:22:39:20 - 00:22:49:02

Makayla Mast

This client, I know who you're talking about. He just never loses on an opportunity, does he? He will seize any opportunity to build.

00:22:49:04 - 00:23:12:12

Joe Reitzug

Any opportunity to improve his property. And I love that. Oh yeah. And he's smart and he's done extremely well with it. We sold a property of his that he improved, improved, improved for, you know, 30 some years, 40 years and sold it for a very healthy profit. And, you know, when he brought this up to me, when I was helping him by to something like Oswego, I was like, oh my gosh, this is brilliant.

00:23:12:12 - 00:23:23:09

Joe Reitzug

Yeah. It's got a view of the the river and everything. And I'm like, yeah, that would be fantastic. I don't think he's going to be able to rent it, but I don't think he has any interest in.

00:23:23:11 - 00:23:25:04

Makayla Mast

You know, he just wants to grow.

00:23:25:04 - 00:23:57:04

Joe Reitzug

Yeah. It's just for the family and you know, visitors and that type of thing. So that's good. So that's multigenerational living right there. Yeah I covered a lot of ground. If you guys have any questions we're going to post some links on our website. Livportland.com Livportland.com in the show notes for this show. And we will have maybe some different links that you can go to to see some examples or get some more information in the Portland metro area about ADUs and multi-generational living and all that type of stuff.

00:23:57:04 - 00:24:04:00

Joe Reitzug

So we'll try to get you some information. If you're interested, please visit the website and, we'll help out how we can love it.

00:24:04:00 - 00:24:24:04

Makayla Mast

Yeah. Please reach out with any questions. We'd love to do a buyer consultation with you and your family. If this is something you're thinking about pursuing. Oh, and we have our last segment. We cannot forget about this because I'm so excited. So we're going to end each episode with something that we're loving it. Now to leave you all in a joyful note.

00:24:24:06 - 00:24:33:07

Makayla Mast

So it might be real estate and real estate related. It might not be, but we want to share what we're living every single week. So, Joe, do you want to start building?

00:24:33:07 - 00:24:54:04

Joe Reitzug

I will start, and this is a little bit self-serving because, you know, it's some other content that we do. But I am loving our grub guide right now. Oh yeah, we are two food trucks and I don't think we've had a bad meal yet. So if if anyone out there listening has not ventured out to a food truck, I highly recommend.

00:24:54:06 - 00:25:01:09

Joe Reitzug

I mean, we know actually we have listeners throughout the US. Did you know that California, Colorado.

00:25:01:10 - 00:25:02:06

Makayla Mast

I didn't know.

00:25:02:06 - 00:25:16:12

Joe Reitzug

Yes we do. I've. I've been people who have got in touch with me, so. But we don't know about the food trucks in your state, but our state and here in Portland Metro, it is absolutely delicious.

00:25:16:14 - 00:25:23:21

Makayla Mast

I mean, Portland food scene is like no other, but this food truck scene is amazing. I agree, I.

00:25:23:21 - 00:25:28:04

Joe Reitzug

Am blown away at how high quality the food is.

00:25:28:04 - 00:25:28:23

Makayla Mast

Yes.

00:25:29:00 - 00:25:54:12

Joe Reitzug

Now, granted you think food trucks? Oh, it's going to be cheaper. Yeah that's true. Maybe not some. Some are, but a lot aren't. And but you're getting value for what you're paying. Shout out to big Tasty and Westland and, the old Willamette District down there. Holy smokes. If you guys like barbecue, big taste cheeses off the charts.

00:25:54:12 - 00:26:05:00

Joe Reitzug

Good. I got a full pound of brisket. I didn't need all of it, but Jimmy and I had smiles on our face that night when I brought it home for, leftovers.

00:26:05:00 - 00:26:07:03

Makayla Mast

So. Of course you did. It was delicious. It was.

00:26:07:03 - 00:26:14:19

Joe Reitzug

Delicious. So that's what I'm loving right now is food trucks. Here in Portland Metro. They are spectacularly good.

00:26:14:21 - 00:26:16:02

Makayla Mast

That was a good one. Yeah.

00:26:16:02 - 00:26:16:21

Joe Reitzug

What do you got for us?

00:26:16:22 - 00:26:43:03

Makayla Mast

I am loving it. Sounds a little cheesy, but Forest Park, we live ten minutes from a gazillion trails, and I've lived on the west side, my whole life, and I've never really explored Forest Park. But over the last month or so, my husband and I, we've been making more of an effort to go out there. It's a ten minute drive, and in the hundred degree heat like this, it's really the only place we can.

00:26:43:03 - 00:26:46:03

Joe Reitzug

It's the best place to go, not cover the tree cover.

00:26:46:03 - 00:26:58:04

Makayla Mast

Yeah, nobody's there and it's beautiful. And we've been doing a different hike every single time. It's a good workout. You don't have to look at my phone. I don't have service. I'm just loving it. It's fun.

00:26:58:04 - 00:27:04:23

Joe Reitzug

Fact. I think Forest Park is the largest city limits park in the United States.

00:27:04:23 - 00:27:08:19

Makayla Mast

Okay, I thought I said that to Jacob yesterday. Let's fact check.

00:27:08:19 - 00:27:10:08

Joe Reitzug

It. Yeah, yeah.

00:27:10:10 - 00:27:11:06

Makayla Mast

Real time fact.

00:27:11:06 - 00:27:14:03

Joe Reitzug

Check. It is spectacular. It's dog friendly too, isn't it?

00:27:14:03 - 00:27:20:11

Makayla Mast

Yes. And there's like little streams and there's even a little. We found a pocket of redwood trees.

00:27:20:11 - 00:27:24:05

Joe Reitzug

The other day. Oh, wow. Now, how far do you guys hike?

00:27:24:07 - 00:27:30:23

Makayla Mast

We usually do, like, an hour. So we'll try to find, like an hour loop. Or we'll just hike in 30 minutes and out. 30 minutes.

00:27:30:23 - 00:27:34:03

Joe Reitzug

Wow. You guys, I reserve city.

00:27:34:03 - 00:27:38:04

Makayla Mast

You should come with us. I know how you feel about hiking, but,

00:27:38:06 - 00:28:03:21

Joe Reitzug

Yeah. I walk with a purpose. Woman. Either I have to go somewhere, or I need to go find a little white ball somewhere in the woods. That's about the extent of my hiking. Okay, but to be with you and your husband and get our hands together, I would do that. That would be lovely. We're. I think we might have to add this to our next episode.

00:28:03:23 - 00:28:05:10

Joe Reitzug

Oh, or do you have it for us?

00:28:05:11 - 00:28:13:12

Makayla Mast

I have it maybe, says I, it says Forest Park. Oh, you know what? We're going to put it in the show notes because I just can't right now.

00:28:13:18 - 00:28:16:01

Joe Reitzug

Yeah. Forest Park is one wonderful book.

00:28:16:07 - 00:28:17:06

Makayla Mast

Saint Louis, Missouri.

00:28:17:06 - 00:28:26:04

Joe Reitzug

So yeah, that's not it. No, that's not it. Forest Park has all sorts of different ways to access it. It's it's just beautiful.

00:28:26:04 - 00:28:31:12

Makayla Mast

It is. And you can hike forever I swear. And. And always have a new trail.

00:28:31:14 - 00:28:36:20

Joe Reitzug

So yeah super safe, super easy. There's some spots where you can get spectacular views too.

00:28:36:20 - 00:28:40:15

Makayla Mast

Yes. There Pittock Mansion we did that the other day.

00:28:40:17 - 00:28:51:18

Joe Reitzug

We used to when the boys were little. Stephanie and I used to take them up to Forest Park and let them run like crazy little Indians up there and get their energy out. It was wonderful.

00:28:51:21 - 00:28:59:10

Makayla Mast

That's a great idea. Yeah. So we will post a link to info about Forest Park if you're interested in hiking there.

00:28:59:12 - 00:29:03:10

Joe Reitzug

Yeah, I'm linking these two segments open with, with some info.

00:29:03:10 - 00:29:03:23

Makayla Mast

That's a great.

00:29:03:23 - 00:29:15:13

Joe Reitzug

The bug open with a therapy session and then close with what you're loving. Yeah, I think it's perfect. Okay. With a little sandwich of real estate information in the middle. Yeah.

00:29:15:15 - 00:29:21:13

Makayla Mast

We hope you can find this useful. Yeah, I'm glad it landed this way, because the opposite way, it would have been kind of sad.

00:29:21:15 - 00:29:22:18

Joe Reitzug

It would have been sad. I mean.

00:29:22:23 - 00:29:24:13

Makayla Mast

Leave all pissed off.

00:29:24:15 - 00:29:29:12

Joe Reitzug

I feel like I'm just getting done with therapy, and it's wonderful.

00:29:29:13 - 00:29:32:06

Makayla Mast

Well, thanks for the chat, Joe. 

00:29:32:11 - 00:29:53:19

Joe Reitzug

Yeah. And thanks for joining us, everyone. And please join us next week for another great episode. And if you have any topics that you'd like to hear us talk about, feel free to go to the website Livportland.com. And, leave us a note. And we might just do it. We have had people do that and, we have talked about those, those topics for people.

00:29:53:19 - 00:30:06:11

Joe Reitzug

So love to hear from you if you got any real estate needs also can reach out. But for now, thanks. So much. And, we'll talk to you next week. Bye bye.

00:30:06:13 - 00:30:19:12

Makayla Mast

Thanks for joining us today. If you're interested in finding out more about Joe, myself or the Livportland team, you can go to Livportland.com. Thanks for giving us to listen and see you next time on the Off the Record podcast.