Co-living spaces are living spaces in which individuals can be able to work, live and interact with one another in a single location. It could be private or shared dorms or apartments in a building or house buildingwhere residents reside together and share values and interests to develop as a connected community. Coliving is becoming more well-known and are more popular than traditional rental homes due to their flexibility and ease of use. But, there are always questions about something different and new and different, can Coliving provide security and safety of tenants? It is possible to learn more about this by reading the pros and cons we’ve listed below. Make sure to read carefully before choosing one!
Benefits of Co-living
1. Reduce expenses
The first and most important reason is that co living developments can help cut costs. The Co-living members have their own beds and even a bathrooms, however the essence of co-living is that they share areas , such as the living space the kitchen, living room and other areas. In turn, they share expenses for water, electricity, and other costs within the home.
However it is normal for people to purchase and furnish their homes with furniture on their own when they rent an apartment that is traditional. This is the main reason why co-living is appealing to younger people especially millennials, with a digital lifestyle as they don’t have to spend for a lot of money at the start to establish their home. These days, people of all ages tend to visit developed nations or cities to earn money, but the cost is just too high for them to be able to afford. Co-living is a solution to overcome these issues and are able to enjoy a decent and comfortable living space at a cost-effective price.
2. Increase Productivity
Most of the time that Co-living has in common with co-working spaces. It’s where people can benefit from their openness and collaborate to build an enduring community. A lot of Co-living facilities were designed by Coworking space’s owners because the purpose they achieve is the community. Thus, Co-living can be located in the same building or in the same location as the Co-working space to ensure that the coworkers be together and live without having to sit in congestion. This will increase the efficiency of coworkers, more so than what they must move from their homes to their workplace.
3. Flexible Time of Living
Another aspect which makes the Co-living service stand out than other options is its flexibility of living time. The typical tenant has to pay a deposit as well as agree to a contract that lasts from six months to one year to rent their apartment however, you don’t need to be concerned about this with Co-living. Co-living provides both short-term as well as long-term rentals for tenants, even if they only rent for a few days or even months. This benefit is certainly beneficial for digital nomads who are constantly moving and need freedom to move around cities. They are also not tied down too tightly by the rental agreement and the deposit. This means they are able to relocate and live as they’d like.
4. Make a New Connection
As stated earlier, those who live in Co-living areas are able to share their beliefs as well as values and mutual support as a collective. They could be from different areas, but due to the idea of living in a co-living space, they connect and engage in daily conversation within a single space that creates their connection. This is very beneficial for those who want to meet new friends, broaden your circle of friends or locate colleagues in business with similar people. Additionally, residents of the Co-living will have more opportunities to be involved in their routines as well as events and activities held by the proprietors or the owners the owners themselves. This is more beneficial to get acquainted with new people.
Cons of co-living
Of all the Pros Does Coliving have any problems? And What is the con of Coliving?
1. Inadequate Privacy
So it is possible to say that if you want to live in absolute privacy as your own home, then co-living might not be the best one due to its basic premise to share items. When you live in a community you’ll meet lots of people, live with them and do other things together with them. It’s difficult if you want to be by yourself with an open mind. But, you’ll can still have your own space to relax in and conduct your own personal affairs in the absence of communal spaces.
2. Uncertain Safety and Security
There is a question you might ask: “How can we keep our personal safety and our property in the event that we live in a community”. That’s true! Living in a group of strangers could cause issues regarding trust and personal advantages. So, you must think about the best option before choosing to reside with Co-living providers. Recognize their standing within the community, their acclaim, and their reliability by examining their details on their website or, even better, should they have testimonials from Co-living residents. Another thing to consider is the professional experience of their staff as well as their security measures all throughout their building. You will have a better living experience by having an attentive staff to guide you.
