The phenomenon of the ‘Sandwich Generation’ evolved during the credit crisis as parents found they were not only supporting their grown up children, but also their elderly relatives. It means they've become some of the most hard-pressed people in society.
Until now, such support has been focused on financial support. But the new research from insurers Churchill suggests it extends to providing space in their own home.
More than half of estate agents reported an increase in new downstairs bedrooms being created.
A total of 13 per cent are using the extra sleeping space for an adult child moving back home, while 11 per cent are using it for elderly relatives.
Martin Scott, head of Churchill home insurance, said: “Putting in a downstairs bedroom can be a very practical solution for homeowners, whether they may be finding space for a growing child, helping to care for elderly relatives or making visiting friends feel more comfortable.
“The cost of converting a downstairs room is likely to be significantly less than moving home, so while high property prices continue to be an issue, homeowners are making sensible changes to what they already own.”
He added it is important homeowners make their insurer is aware of changes to their properties as an increase in the number of bedrooms or occupants within the household could affect home insurance cover and policy limits.