Co-living is a form of organized society that is popular among those who work remotely, travel, lead a digital lifestyle, study, or be entrepreneurial (among other groups). This approach provides a common space where people of similar interests have the opportunity to live, work, and interact with each other.
A Brief Overview of Coliving Communities
Co-living is usually short-term housing with flexible rental terms. Digital nomads and remote workers often choose this housing vision for periods ranging from a month to a year, but some choose to stay in such communities for much longer.
The benefits of cohabitation include furnished accommodations, cleaning services, utilities, and organization of social gatherings and events. The range of housing can vary from dormitories to private houses and high-rise buildings. Cooperatives and residential communities can span multiple generations and are diverse in location, including both urban and rural areas.
What Makes Coliving More Attractive than Other Forms of Accommodation?
In an age of carsharing and coworking, it’s no surprise that people are pursuing a similar lifestyle. Coliving homes is the solution to almost all of our social and economic challenges.
In the US (and around the world), younger generations are choosing to rent apartments and co-living instead of buying their own homes. This is due to lower income and high costs associated with buying and maintaining real estate. Rental coliving is an affordable alternative to traditional home living.
Imagine sprawling property on the coast of Costa Rica with detached villas, bungalows, and sustainable homes. Co-working spaces, yoga studios, and outdoor pools are just a few steps away for you to enjoy with like-minded people from all over the world. This is a typical co-living concept that is ubiquitous.
Coliving makes life in cities and exotic places more accessible, convenient, and exciting.
What Are the Benefits of Coliving?
If you’ve ever shared a room with a roommate, you know that traditional shared housing has its ups and downs. However, thanks to the concept of co-living, many of these disadvantages fade into the background, leaving you with the advantages of living together. Here’s what makes coliving attractive:
- It’s economical. First of all, coliving is a more affordable alternative to living in large cities. Lease payments are significantly lower than under traditional schemes. Plus, you get more value for your money as extras like swimming pools and full-fledged gyms that aren’t normally available become part of the routine.
- It’s flexible. While traditional apartment leases often run for a year, co-living terms can be much more flexible. The ability to relocate on an as-needed basis or settle down for short periods is ideal for digital nomads, temporary workers, or professional travelers.
- It’s comfortable. Coliving is a convenient way to find accommodation, and in addition, many apartments are already furnished and ready to move in. Common also takes care of the daily chores, freeing up your precious time.
- It’s fun. Whether it’s evening games with neighbors or days out on the town, coliving often means exciting events in public places. Co-living always leaves room for fun if that’s what you want. And if you’re more of a solitary type, you can always retreat to your private room to unwind a little.