How to Find a Property for the Whole Family
From adult children returning to live with their parents to elderly parents moving in with their offspring, multigenerational living is becoming increasingly common in the UK*.
However, locating a property within budget that accommodates the needs of various age groups is no small task.
So, here are some tips to assist you in finding a home that suits everyone, young and old alike.
Establish Clear Priorities
Create a list of what you require in a property, distinguishing between essential features (non-negotiable) and desirable ones. Priorities might include accessibility, number of bedrooms, location, and parking.
Additionally, discuss daily living arrangements. Will you all share a kitchen and living areas, or is more privacy necessary?
It’s vital to clarify the details early on to avoid wasting time on properties that ultimately don’t meet your needs.
Think Ahead
Consider the future and what your family’s living requirements might be in five years. For instance, an elderly relative may manage steps now, but will mobility become an issue later on?
While sharing a bathroom might be manageable for a short period, could it become a source of conflict over time? Be optimistic yet realistic.
Budget and Finances
From the beginning, ensure everyone is clear on how much each party will contribute to the purchase of a property and the ongoing living expenses.
Flexibility
As it may be difficult to find a property that meets all your criteria, consider the possibility of purchasing a property and making the necessary modifications yourself.
A loft conversion or rear annexe could provide the additional space needed and help you create a home that perfectly fits your family.
Another option is to think creatively. Could buying two flats in the same building be a solution? This way, you’d remain close to your loved ones while maintaining personal space.
If you believe multigenerational living could help you manage the challenges of high housing, aged care, and childcare costs, contact us today.
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*ONS data shows more households were multigenerational in 2021 (2.1%) than in 2011 (1.8%).
