Coliving, a way of living in which residents share their living space with other like-minded people of similar values, philosophies and intents, is increasingly becoming a trend in the millennial generation. This is due to largely, frequent job changes, the rising costs of property and the reluctance of youngsters to start a family of their own.
In recent times, there’s an increase in the number of people who are living with other adults, with a third of young people are living with their parents due to delay in marriage. Co living comes as an alternative to living with your parents.
Co living spaces have been around for a long time in different forms, such as boarding houses, long term hotels and hacker houses. There are a number of advantages to living in a coliving accommodation, compared to a traditional rental. Here are some ways in which co living is an innovative housing solution-
- Lesser commitment
If you rent an apartment, you have to sign a lease which at times lasts at least a year. Having such a long commitment is rather cumbersome and hinders your freedom. When staying in a coliving space, you live with almost no strings attached as you can choose the duration you want to live for. This makes it a viable option for those who travel frequently for work.
You also don’t have to carry your own furniture to a co living space and spend on hiring movers, as it comes fully furnished.
- Cost effectiveness
A coliving space is usually located in a place which would have otherwise been unaffordable if you were renting traditionally. In addition, resources and household supplies are shared among residents which isn’t only easy on your pocket, but also sensitive towards the environment.
Coliving spaces also have a number of amenities, like Wifi, laundry, housekeeping, basic supplies and catered parties, which are all included in the membership fee. Many spaces also include a gym and swimming pools which are considered a part of premium living.
- Community support
In a coliving space, you don’t have to worry about being lonely in the city anymore. You are matched to live with like-minded people of similar values and intent to make connections which will serve you both professionally and personally. People in co living spaces normally come from diverse communities which will enrich you and grow your perspective.
You also don’t have to worry about it being loud at times as unlike other ways of living, co living has house rules in place so that there is quiet by a certain hour.
There are also social events conducted by the coliving operators to help you interact and grow in your confidence. You have all this while having your own private room to retreat in.
- Technology driven
Coliving spaces are equipped with the latest technology to make your stay a comfortable one. Some places even have biometrics, smart locks and voice control technology. Apps are usually developed for coliving spaces, which help facilitate communication between operators and residents as well as handle your bills .
- Safety
Coliving operators work to ensure your safety. The spaces are equipped with 24/7 surveillance and have guest and staff screening. Also, you can always ask your new friends to come along with you if you want to venture out at night.
- Recreation
Co living spaces have shared spaces for when you want to get away from work or studies and let your hair down for a while. You can watch TV or play games with your fellow residents. Some co living spaces even have fitness classes and yoga studios so you can stay refreshed and healthy.
- Co working spaces
Working spaces provided with co living spaces are a great boon for people who work remotely. You can work in a place which is free from distractions and helps facilitate an environment which is conducive to productivity. You also avoid a separate expense for a working space.
- Cleaning and maintenance services
Co living spaces have cleaning services which will tidy up your rooms so you can spend your time on other things. Maintenance and repair will also be taken care of during your stay so you have to face no hassles.
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