Searching for a new home is not always an easy task. Figuring out how much to reasonably spend on rent, selecting the right location, researching on the amenities, finding roommates, and more takes up a lot of time and energy. According to Joe Cianciotto, co-living has, over the years, emerged as a popular alternative to traditional housing options, especially for renters who want to save money, enjoy convenient amenities and build community.
Joe Cianciotto sheds light on some of the benefits of co-living spaces
Relocating to a new city can often feel overwhelming. It is not always simple to find a place to stay in the right location, and also get the opportunity to meet like-minded people. For many, the process involves not only logistical challenges but also emotional stress tied to unfamiliar environments. Co-living spaces can be a great solution to all these concerns. Whether one is looking for a place to reside for a few months or searching for a home away from home while on the road for a few weeks, co-living spaces can prove to be the perfect accommodation arrangement.
Co-living spaces offer flexible living arrangements that cater to varying duration and lifestyles. It can be particularly beneficial for digital nomads, remote workers, students, or professionals who want to avoid the isolation that often comes with traditional housing. By combining private living spaces with shared common areas and social events, co-living spaces foster interaction, networking, and a supportive ambiance. It can make the transition to a new city smoother and more enjoyable.
Rent is usually the largest monthly expenditure for people under the age of 30. In fact, many of these people spend about 45% of their income on their apartment leases. Hence, to save money, living with roommates can be a good idea for young individuals. However, it is imperative to understand that rent is not the only thing that makes living alone expensive. One also needs to take into account the security deposits, broker’s fees, and the cost of buying new furniture and kitchen supplies. Fortunately, in the case of a co-living space, not only is the rent lower than a traditional apartment, but people are also not required to buy basic furniture or get a new Wi-Fi connection.
Even after a person signs the lease on a new apartment, they will have many tasks to complete, like setting up utilities, scheduling monthly bills for essentials like gas and electricity, decorating and furnishing the space, and so on. Moreover, in case their roommate decides to move out, one would have to look for a replacement. Fortunately, in a co-living space, one would not have to bother about these things, as they would be taken care of by the management team of the property. One simply has to move in, unpack, and explore their new surroundings.
Making friends as an adult can be hard, whether one is moving to a brand-new city or busy with work. Loneliness is a common concern among millennials. As per Joe Cianciotto, co-living spaces attempt to solve this problem by offering a built-in community of like-minded people. With private bedrooms and shared living spaces, co-living homes allow people to socialize when they want to while also enjoying privacy whenever they need it.
