Homestead Exemption in Florida: What Buyers Need to Know in 2026
Posted by Valerie Escobedo in Home Buying
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In 2020, 12% of homebuyers purchased a multi-generational home, according to the National Association of Realtors® 2020 Profile of Home Buyers and Sellers.
If you’re looking for a way to house permanent extended family rather than temporary guests, this blog post is perfect for you.
From the shift to daily life this involves for existing household members to the preparations to comfortably accommodate everyone in the home, there is a lot to consider if you are looking for home to accommodate additional family members!
Let’s dive into how to turn a home with a guest room into permanent or semi-permanent quarters for your growing household.
While you may not have a family member moving in with you right away, finding a floorplan with the flexibility to create a space for a family member is a huge added benefit to new home shoppers to be able to find a new home with this capability.
Although some people may assume a multi-generational living situation is a parent moving in with an adult child due to age, there are many other scenarios families choose this living situation, including but not limited to the following:
When buying a home it is important to have a good understanding of what you and your family need both now and in the future.
Knowing what you actually need in a home will substantially help either narrow down your new home search or open you up for move possibilities and options. If a separate entrance isn’t a deal-breaker and you would love to share meals together, then with a few minor tweaks and decoration and furniture adjustments, it is easy to turn a guest room or flex space into the perfect in-law space!
Before your extended family members move in, there are 4 things you should carefully think through in order to be prepared for this home shift:
Although many of these things might be included to an extent in an existing guest room in your home, a long-term living situation will require permanent planning for your home’s layout and your lifestyle.
Think of this new space as a little apartment for your family members. You want the space to feel comfortable, homey, enjoyable, and welcoming.
Depending on what this room was used as before, you may have quite a bit of work ahead of you, such as furniture re-organizing (or new furniture altogether), painting, reflooring, redecorating, and possibly major renovations to adjoin a bathroom, etc.
The room itself should include a few personal spaces without compromising walking or storage space. Consider things like a sitting/reading area; storage for clothes, shoes, and personal belongings; good lighting; comfortable, warm bedding; and night lighting.
Here are a few decorative components to make sure this room includes (even if your guest room included these, it's time to buy fresh, unused versions):
If your home’s square footage and your budget allow, adding a small kitchen space, a living area, and a designated, private bathroom are also great in-law suite design choices to give as much independence, privacy, and comfort as possible.
Even though the space should be livable and as ready as possible for your new family members, remember that you can always add or change things later once they’ve had a chance to really live in and use their new area!
If you need an in-law space sooner than later during your multi-generational home search and don’t want the responsibility of figuring out how to convert a room later on, make sure to carefully explore floorplans and design options during your home buying process.
Even if your additional family members aren’t moving into your home right away, you should consider a home with flex space during your home search.
What is flex space? This is a room or area in a home that has the ability to function however fits your family best! Homeowners throughout M/I Homes’ 15 markets across the country enjoy dreaming up ways to use this space, such as a home office, play room, home gym, game room, etc.
Many M/I Homes floorplans are built with this lifestyle in mind, and our team is ready to discuss the options available in your area with you! Contact me today to find out more about our flexABILITY offered through these plans that are perfect for your unique needs.
Blog Author
Valerie is an Internet Sales Manager in our Austin, TX division and a proud Austin native with a deep knowledge of the city and its neighborhoods. Her passion is helping buyers navigate their home search with ease and enjoyment, ensuring a seamless experience from start to finish. When she’s not assisting home buyers, Valerie enjoys spending quality time with her young family and exploring everything the lively Austin area has to offer.
Homestead Exemption in Florida: What Buyers Need to Know in 2026
flexABILITY and Making Room for What Matters
Blog Author
Valerie is an Internet Sales Manager in our Austin, TX division and a proud Austin native with a deep knowledge of the city and its neighborhoods. Her passion is helping buyers navigate their home search with ease and enjoyment, ensuring a seamless experience from start to finish. When she’s not assisting home buyers, Valerie enjoys spending quality time with her young family and exploring everything the lively Austin area has to offer.
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