“We are family, I’ve got all my sisters, brothers, parents and grandparents with me…”

Sister Sledge joyfully sing about having “all their sisters”, but is multi-generational living for you?

Multi-generational living is defined as a family of three or four (maybe more) generations sharing one home. For some cultures, living this way is the norm and many have found this to be the easiest and best way to live but increasingly, families are realising it could be the answer to their problems. The last Census that was conducted revealed that since 2001, there has been a 70% increase in families that choose to live together, known as ‘concealed families’.

The thought of living with the majority your family might sound like a nightmare initially, but what if you could save hundreds of pounds by doing so?

A person renting alone is faced with bills and multiple expenses to pay off with no help from anyone. Renting with others however, may be the answer to all your financial struggles.

There are many situations people may face that can result in them staying at home with their grandparents/parents for as long as possible. Parents may find that their unmarried children stay at home longer or find financial benefits from living with their parents as they go onto further education. If you are a young adult living at home, you might find paying towards rent and bills at your family home cheaper than paying for your own property.
Often families prefer to live together due to the benefits of having more people to pay for things such as food, gas, electric and furniture. Another benefit of living with so many people is the practical help you can get from one another – Grandma is a guaranteed babysitter!

How to survive a multigenerational living arrangement

• When looking to let a property with a large family, put lots of thought into how much living space you’ll actually need.
• Discuss upcoming bills together to decide who will be responsible for what to ensure everyone contributes fairly.
• Respect each person’s responsibilities and privacy and find a home that abides to all requirements in segregating rooms and family members if needs be.

A concealed family may find it most beneficial to rent a home with plenty of bedrooms, multiple bathrooms and maybe even two or more kitchens. Come to us for more advice on multigenerational living and ask us about selling your home for cash and ask about the suitable properties we have available.