Here Is The Complete Guide To Shared Co-Living Spaces With Dos And Don’ts
The term “coliving” has lately gained popularity as a result of the growth of housing companies that offer inexpensive housing to families with five or more adult housemates.
Cleaning services, professionally furnished public areas, and turn-key amenities and utilities are common in co-living apartments, as are short-term or flexible leases.
Fun Fact: Nearly 72 % of millennials would consider living in a coliving facility, according to a survey conducted in numerous cities.
Some Points To Remember:
1. When compared to traditional office space leasing, coworking offers a 20-25 % cost savings.
2. According to the survey, co-living provides 2-4 times higher returns than the typical residential yield of 2-3 %.
3. Residents in co-living spaces are typically between the ages of 19 and 40.
4. The number of millennials living with roommates increased by 39% between 2005 and 2015.
Future Analysis Of Shared Co-Living In Short:
| Years | Analysis |
| By 2024 | In the co-living category, organized players are expected to have 4,50,000 beds by 2024. |
| By 2050 | Up to 90% of people will be living in cities by 2050, with only 10% residing in the suburbs. |
There Are A Few Benefits To Co-Living
1. Renting a studio or one-bedroom apartment is significantly more expensive than living in a shared home.
2. Renters save time and money by delegating those responsibilities to co-living residents.
3. Co-living allows you to meet new people outside of the office.
4. Co-living also saves time and money because it eliminates the need to furnish a whole apartment.
Bonus Point: Between December 2020 and March 2021, the market improved, and occupancy in most co-living facilities grew to 45–50 %.
Some Important Dos And Don’ts Of Shared Co-Living
| Dos | Don’ts |
| 1. Do: Inquire about other members’ current projects. | 1. Do not inquire about the religion of other members. |
| 2. Do: make the most of the facilities available to you. | 2. Don’t fill a bag with all the free refreshments and carry them home. |
| 3. Do: when questioned about your initiative, be transparent and passionate. | 3. Don’t try to persuade other members to buy your stuff. |
County Urban Area And Rural Area Effects On Co-living Spaces:
In most countries, co-living takes place in urban areas.
The Most Significant Business Impact Of Co-Living
Coliving can support ethical business practices in a variety of ways. Here are a few examples:
1. Consumer and supplier confidence is growing.
2. Recruiting and retaining people who are on the same page as you.
3. Obtaining certification from a global network of companies that aim to achieve a balance between their goals and their objectives.
4. Profit for the sake of a more equal and long-term economy.
Here Are The Pros and Cons Of Shared Co-Living
| Pros | Cons |
| 1. Get more bang for your buck. | 1. Only in major cities is it available. |
| 2. Keep roommate squabbles to a minimum. | 2. You don’t get to choose your roommates. |
| 3. Surrounding oneself who share similar interests. | 3. In the community, there are shared coliving spaces. |
Final Thoughts With Our Services
Coliving is a relatively recent renting trend that appears to be here to stay. You can find your suitable co-living spaces via an apartment list and our websites. Profit for the sake of a more equal and long-term economy. For more information, please contact us by clicking here.
