What is the experience of life in coliving? The rise in popularity of co-living and the lifestyle they represent represents a modern change in affordable housing solutions around the world. Large cities across the planet influence how we adapt and change our living conditions. But it’s worth noting that communities similar to co-living had been around for centuries before the “peace and love” boom of the 1960s.
Below are helpful answers to frequently asked questions about coliving. We hope they will help you make the right decision when choosing housing.
What is coliving?
Coliving is a modern lifestyle that offers a variety of shared living options. Now, some companies specializing in coliving provide the opportunity to choose between shared and private rooms. Typically, most co-living spaces have fully furnished common areas for residents.
Col-living is a growing trend in major cities across the United States and the world at large, and its benefits differ significantly from traditional rental housing options.
Here’s how coliving options differ from most residential solutions:
- Forming communities with like-minded people.
- Supporting the sharing economy, making life more financially accessible.
- Availability of additional luxury amenities that are rarely found in traditional urban housing complexes. Examples of such amenities include an on-site patio, theater, laundry, exercise rooms, recreation rooms, workspace, lounges, and game rooms.
- Promoting collaboration and networking.
- Simplified the roommate matching process.
- Offering all-inclusive rates that include cleaning services, utilities, and individual rental agreements. This makes co-living particularly attractive to those looking to reduce housing costs and maintain flexibility in a metropolitan environment.
Is co-living legal?
There are many legal regulations around the world that allow co-living companies to provide co-living opportunities. Major cities are changing rules to allow multiple people in certain structures and shared living conditions. The primary goal of implementing the new regulations is to provide affordable housing in major urban markets.
Coliving has evolved into something more than just affordable co-living options. Now, it is a concept that enriches the lifestyle of residents of big cities.
Who is coliving intended for?
Finding the right roommate for a traditional apartment rental can be challenging, but this isn’t a problem for most co-living options. The idea of co-living attracts various people, including students, working-class people, multi-stay travelers, tech professionals, and entrepreneurs. Because co-living creates opportunities for networking and professional connections, people seeking personal development will find it a valuable environment.
Moving to a new city, meeting new people, and finding a cozy place to stay can be exhausting tasks. With young professionals’ growing use of ride-sharing and lodging apps, millennials are likely to prefer modern coliving options.
Why is co-living becoming more common?
Large cities pose a major challenge for young professionals due to high living costs. However, innovative housing approaches such as co-living are becoming attractive for those seeking social connections in a fast-paced, high-tech world. The rise of innovation and the crisis in the real estate market in large cities open up additional opportunities for sharing experiences beyond the use of dedicated ride-sharing apps.
Some may draw parallels between co-living and traditional co-living in apartments or campus dorms. However, in most cases, coliving provides much more than just affordable housing: coliving spaces now offer resources for professional development and additional amenities through comprehensive services.
Where is coliving most common?
Currently, the co-living concept is most common in US metropolitan areas but is also penetrating markets in Europe and Asia. Progressive American cities, including New York, Los Angeles, Washington, Seattle, Chicago, and San Francisco, are actively developing coliving space.
Given the high cost of real estate in metropolitan areas and the desire of young professionals to maintain flexibility in their choice of housing, co-living represents an attractive alternative to city life. The evolution of this concept may not be fully understood, but it promises an exciting lifestyle for young professionals willing to share their experiences.