Examining Satisfaction of Older Home Owners with Intergenerational Homesharing

We surveyed 252 homeowners in three midwestern cities about their satisfaction with intergenerational homesharing, using a 21-question survey with 5 satisfaction-with-life dimensions. The purpose of this study was to see if homeowners would report changes in these satisfaction dimensions as a result of taking part in homesharing. An additional purpose was to see if there were age differences, gender differences, and length-of-match differences in satisfaction. Across the five satisfaction dimensions of the survey, 94% of the responses indicated that older participants' lives had either stayed the same or improved due to involvement in intergenerational homesharing. Results suggest that younger homeowners (ages 50 to 69) reaped more financial benefits from homesharing, probably because the purpose of their homesharing match was for the collection of rent. Older homeowners (age 70 and older), who are more likely to be looking for companionship and assistance, reported significantly greater satisfaction than younger homeowners in the dimensions of health, well-being and social activities. Males reported being significantly better off than females in the areas of well-being and health. No differences based on length of homesharing match were found. These data are generally consistent with previous survey work conducted on intergenerational homesharing, suggesting that homesharing is a viable housing option for older homeowners. Given that verbal reports may not be consistent with behavior, the collection of direct observation outcome data on homesharing is recommended for future research on homesharing.