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Primary home for older adults, secondary home for adult children

My parents are recently retired and intend to sell their property and move to a house with one-level living in the next few years. They want to live on a lake, or on a secluded lot in the woods for a "cabin" feel. A lot of the houses have a walkout basement, which would probably have all or most of the guest bedrooms for my family and my sibling's family.

My spouse and I have discussed the possibility of chipping in some money (about 10% of the purchase price) for either renovating the walkout basement if it's a fixer upper or allowing the purchase of a nicer home so that the basement can sort of be our "second home." We would get equity in the house in return. However, I'm afraid that suggesting this will offend my parents, or it will create weird money dynamics. Right now I have a good relationship with my parents and my kids adore spending time with them. On the other hand, I'm sure I've heard of extended families doing this all the time. I suppose there are other options, like if they bought a place where it would be possible for us to build a guest cottage, although that sounds much more complicated and expensive.

Has anyone else bought a property with their parent to use as a vacation home while they live there full time?

submitted by /u/Dangerous_Lake8377
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source https://www.reddit.com/r/RealEstate/comments/1eqw24o/primary_home_for_older_adults_secondary_home_for/
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