Many home-owners living in ‘multi-generation’ houses
Nearly three in 10 home-owners say they live in a property which has at least two generations of adults under the same roof, a survey has found.
Some 29% of those surveyed said that, excluding children under the age of 18, they have more than one generation of their family living in their home, Barclays Mortgages said.
Meanwhile, as people live for longer and house prices in some areas continue to increase, a quarter (24%) anticipate they may be living in a “multi-generation” home in the future – perhaps living with their own parents as they grow older, grandparents or their grown-up children.
More than one in five (23%) of the 2,000 home-owners surveyed said they had previously converted living space into additional bedrooms to meet their family’s needs.
Hannah Bernard, head of Barclays Mortgages, said: “As more of us are living with several generations under one roof, it’s interesting to see how, as a nation, we are adapting our properties to the changing needs of our homes.
“If you live in a multi-generational home or expect to in the future, it’s important to think about whether you need more space in a new property or if you can simply adapt your home to suit your needs.”