The cost of living has risen sharply with everything seeming to be more expensive. Many households struggle to pay energy bills, mortgages and the cost of food. One solution for this that some people have started to try is to combine households by moving in with the parents.
However, multigenerational living may not work if the existing homes of the parents or their children’s families are too small. It can be practical if both homes are sold and a large house is purchased with the combined proceeds,
Multigenerational living requires careful allocation of space so that everyone has privacy. The main communal area is where everyone comes together to eat and socialise, but separate areas cater for alone time.
Financial considerations are important. Ideally, there should be several shared payments for things like the mortgage, energy bills and council tax; other expenses are negotiable. For instance, the parents may love watching TV and want the multitude of channels offered by Sky. If the younger family members don’t watch TV much, then it is reasonable for the parents to pay for the Sky subscription.
Living in a shared home with parents is not for everyone, though it is normal in many cultures. It is a good way to save money, but can only be successful if everyone gets along and is prepared to make compromises.
If you are buying a home for multi-generational occupation, contact Merseyside Movers & Storers. We are a leading Liverpool removal company and would be happy to take the belongings from both homes to your new living area.
