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What is coliving?

WHAT IS COLIVING?If you’ve ever had difficulty finding a shared apartment, then you know just how hard it can be. This approach is old-fashioned, with endless searches and long application and approval processes, meaning that one has to collaborate with other potential neighbors and ends up being an ever-continuing labyrinth.

Discover co living New York - a simple, time- and money-saving way to find and secure your new home. With Coliving, you have a ready solution to the complexities of renting, which means you won’t experience stress and will have an unforgettable experience. Included in the lease is access to modern conveniences, such as pools and gyms located centrally, and a population of different people that share common interests with you.

What is coliving?

Co-living, in simple terms, is an up-to-date method of housing in which individuals lease personal bedrooms inside a furnished flat that has shared access to a kitchen, living room, and bathrooms. In contrast to the traditional sharing setup for roommates, co-living spaces are intended to promote social interaction and bonding and offer both convenience and flexibility. Normally, co-living environments have short-term or flexible leases, furnished communal areas, cleaning facilities, and utilities. These advantages, together with others we will discuss later, make co-living interesting to various types of tenants, such as students, young professionals, remote workers, and digital nomads.

Why is coliving so popular?

Renting has appealed to many Generation Z and millennial people since they move a lot and like to live with few things. Accordingly, the advantages of renting, such as convenience and adaptability, are becoming even more obvious. Yet affordability is not the only reason for coliving’s popularity today. Traditional housing models must be modified in the age of remote work, freelance culture, and digital nomadism. Young professionals’ changing needs and preferences are met by co-living spaces through their flexibility, convenience, and social connections. These living situations encourage fast-paced lifestyles among its occupants, from workspaces and meeting areas to exercise or relaxation areas, including gyms or beauty salons, besides having a private bedroom. Thus, all essential services can be accessed within one building, encouraging communication among people and hence reducing isolation.

What are the benefits of co-living?

So familiarized you are with coliving and the causes for its popularity, now we will see some of its advantages:

  • One good thing about it is that it is available. Given rising rental rates and property prices, co-living may be a cheaper alternative to conventional rentals. In most cases, coliving leases come with utilities and an array of amenities such as pools and full gyms – things that usually cost much on their own. Additionally, many co-living spaces offer fully furnished spaces, eliminating the need to purchase expensive furniture.
  • Convenience and flexibility. Forget about the problems of setting up technical systems or arranging a room from scratch. Coliving spaces are provided with everything necessary, ​​from fast Internet to comfortable furniture, allowing residents to start living from day one. What's more, flexible rental terms suit the changing nature of modern life and suit everyone, from digital nomads to corporate expats.
  • Community and social interaction. According to recent research, nearly 10% of those aged 16-24 experienced constant or frequent loneliness. Coliving is a remedy for this, building real relationships and easing the transition for people who move to new cities. By living together as neighbors and doing things like dinners or game nights, residents can build lifelong friendships that are not limited to their localities.

Is co-living right for you?

In the simplest terms, the approach to co-living depends on your personal preferences and needs. We can just say that co-living is ideal for everyone, especially those who want to move into a new city without the stress of looking for roommates or renting or setting up a home.

Coliving is a contemporary and appealing type of housing format that meets today’s society’s growing needs. Offering flexibility, convenience, and socialization, it attracts different individuals, starting from digital nomads and students to young families and corporate expats. Neighborhoods, as seen in co-housing, provide spaces where people become friends because they live together and share experiences with each other rather than being flatmates. The format provides fully furnished spaces at pocket-friendly prices and flexible rental conditions, which facilitate easy transportation from one town/village to another. All these make creating an innovative, progressive real estate solution that suits the modern human way of life as well as the requirements of society.

Photo courtesy of Depositphotos.com

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