How parents wait less than three years to take over their children’s bedrooms after they move out before turning them into gyms, offices or craft rooms
- The take overs often happen after an average of two years and seven months
- Average homeowner over 50 is sitting on of £56,574 worth of unused space
- ‘Fond memories and nostalgia’ linked to homes made owners reluctant to trade down to a smaller property
Parents typically wait less than three years to take over their children’s bedrooms after they move out, a new survey has found.
Empty-nesters turn the space into personal gyms, offices or craft rooms after an average of two years and seven months.
Research involving 2,000 adults also found the average homeowner aged over 50 is sitting on the equivalent of £56,574 worth of unused space in their house, based on average property prices.
Empty-nesters turn the space into personal gyms, offices or craft rooms after an average of two years and seven months (file image)
Mark Gregory, of Equity Release Supermarket, said the possible windfall was going to waste as ‘fond memories and nostalgia’ linked to homes made owners reluctant to trade down to a smaller property.
‘Fond memories and nostalgia’ linked to homes made owners reluctant to trade down to a smaller property (file image)