0808 164 1111

The benefits of multigenerational living, and why more families are choosing to invest in annexes

At iHus, we’re thrilled to have been featured in The Observer, for the ways in which our annexes are aiding multigenerational living in the UK.

With multigenerational living on the rise, solutions like annexes are helping families to avoid hefty rent costs or save for deposits, while still retaining their independence and quality of life. At the same time, they also get to enjoy all of the benefits that come with being closer to their loved ones.

The Observer’s article explores the growing trend of multigenerational living and the factors that are making it so popular. The piece also includes an interview with one of iHus’ clients, who shares their family’s arrangements and experiences of annexe living.

The story is part of an ongoing series about parenting, and how family dynamics and relationships are set to evolve over the decade.

You can find the interview and full Observer article here.

What is multigenerational living, and how many UK households are multigenerational?

Multigenerational living is the term used when adults of different generations, from the same family, live together in the same property.

This can include grown-up children living with their parents, aunts and uncles or other older relatives; older parents who have moved in with their children or grandchildren; or a wide range of other combinations and arrangements for multigenerational living.

Multigenerational living can either involve all adults living under the one roof, or an annexe being added to the existing property. With an annexe, multiple residents can share the same property, but each generation gets access to their own private bedroom, bathroom, living area and kitchen (depending on the size and layout of the annexe).

According to recent studies, a third of UK households can be classed as multi-generational (which equates to over 9 million homes). What’s more, it is predicted that this figure will rise further, in the next few years.

The Aviva How We Live Report, released in 2020, revealed that older relatives currently represent 14% of multigenerational living arrangements in the UK. This has risen significantly in recent years, as this figure was just 9% when Aviva conducted the same study in 2016.

As is largely to be expected (due to the rapidly rising house prices), London is the area of the UK where annexes are most popular, with 1 in 5 homeowners in the area stating that they have either built or are planning to build an annexe.

However, the main contributor to this figure is adult children who are living with parents. Around a quarter of annexes have been made for adult children.

Again, this figure is also set to rise over the next few years. As house prices skyrocket, adult children are generally choosing to live with their parents for longer. Or, many adults are deciding to return back to their family home after they have completed their university degree or higher education.

What are the benefits of multigenerational living?

Naturally, one of the first benefits that come to mind is the cost savings of multigenerational living.

Across the country, first-time buyers are facing dramatic increases in the cost of both house ownership and renting.

According to research conducted by Experian, 41% of young adults who are living at their family home say that they can’t afford their own place.

It’s hardly surprising that this is the case for so many as the cost of renting a one-bedroom house is equivalent to around half the wage of an average under-30 year old.

Similarly, in terms of buying a property, first-time buyers usually have to save 133% of their annual salary for a property deposit.

So, if multigenerational living is an option, this allows young adults to not only bystep exorbitant rent costs, but start to save towards that all-important deposit, too.

For elderly people, cost savings are another critical point to consider. Although they can represent a higher initial investment, paying for the addition of an annexe will, over time, often be far cheaper than the ongoing cost of care homes or live-in carers.

Furthermore, multigenerational living also gives elderly people immediate access to any support and assistance that they may need, without requiring them to sacrifice their ability to live independently. As a result, the arrangement presents a great option for elderly people who only need a low level of care, or who would only need assistance with a small number of tasks.

Or, for young people who are looking to build their financial independence and security, multigenerational living can facilitate the opportunity for them to invest in their own further training and education. This arrangement allows them to pursue their studies, without having to balance their time with earning enough for rent or mortgage payments.

Finally, but most importantly, multigenerational living can help to strengthen family bonds, and prevent loneliness. Particularly amongst older generations, loneliness is having a major impact on the wellbeing of isolated individuals across the country.

Equally, in Experian’s survey of young people living with their families, 15% of respondents said that they are living with their family simply because they want to.

To check out our full feature in The Observer, you can read the story here.

If you’d like to find out more about our range of annexes, or speak to an annexe specialist about the best options for your family, don’t hesitate to get in touch.

Recent Articles

parents and child doing gardening
Advice

Garden Home Ideas for Spring

As spring finally has sprung (we’ll not comment on the rain too much), it feels like the perfect time to look at garden home ideas for the season. Building a

Read More »

Quick Links

Featured Projects

nielsen annexes

Nielsen

At 93 years young, Jeanne has moved into her stunning new Annexe home, and the whole family are loving their new multigenerational living arrangement. Jeanne adores having her grandchildren over an...
granny annexe projects

Jenny Haughton

We recently visited the Haughton Family to see how garden annexe living was working out for them. It's safe to say they feel like it was the perfect choice. Watch the video below to hear their expe...
DCIM/102MEDIA/DJI_0478.JPG

Holbrook

Every annexe is designed around you, no iHus is alike. Find out how our customer Peter is getting along in his iHus 1 year on, and let him take you on a tour around his cosy annexe home on his Son ...
Gould Annexe

Gould

The Gould's moved from South Wales to Bournemouth, as they felt their 5 year old grandson was growing up quickly and they wanted to be involved with his day to day life. They are only 2 months into...
1

Esher

This 1 bedroom bespoke Annexe is home to a family from South Africa, their Annexe has enabled them to live in an area that they love close to their beloved family and grandchildren. Find out how th...
hamm

Wendy Hamm

In Autumn 2020 Wendy Hamm and her family approached iHus as they were contemplating an annexe build in their back garden to house Wendy’s mother. Wendy’s mother Jane, 82, was living over an hours d...
Load More

Download our iHus annexe brochure

Download our iHus annexe brochure

If you would like to download our annexe brochure, please complete the form below. You can also request for a hard copy to be posted to your home address. Have any further questions, why not request one of our team get in touch?

If you would like to download our annexe brochure, please complete the form below. You can also request for a hard copy to be posted to your home address. Have any further questions, why not request one of our team get in touch?






    Yes





    Talk to an expert

    Whether you’re looking to build a garden annexe, or just have a quick question, get in touch with us today and one of our friendly team will get back to you.





      Download our iHus annexe brochure

      If you would like to download our annexe brochure please complete the form below. You can also request for a copy to be posted to your home address. Have any further questions, why not request one of our team get in touch?






        Yes





        Get in touch with iHus

        If you want to speak to one of the team about how Multi-Generational Living can be achieved by building an annexe. Complete the form below.


          Is an Annexe right for you?

          Save time scrolling and speak with one of our annexe experts to find out if an annexe would work for you and your family.





            Book your Free Open Hus Visit

            If you would like to view an annexe show home, please complete the form below. Have any further questions, why not request one of our team get in touch?






              Yes





              Download our Annexe Financial Guide

              If you would like to download our annexe finance guide please complete the form below. Have any further questions, why not request one of our team get in touch?

              Download our iHus annexe brochure

              If you would like to download our annexe brochure please complete the form below. You call also request for a copy to be posted to your home address. Have any further questions, why not request one of our team get in touch?

              Download Your Free Annexe Brochure






                Yes