The rising cost of living has meant that many people have been unable to afford to live in the apartments that they wanted.
One of the ways to combat this as a young professional is to consider co-living with other people. In cities, the price of a single apartment has increased significantly, which has made it unreasonable for young professionals to move in on their own and live off their starting salary.
Co-living is a great way to get around this obstacle as it reduces the rent you pay, and it also gives you a good opportunity to meet like-minded individuals. Below we will go through everything you will need to know about co-living as a young professional.
What is co-living?
Co-living as a concept is not new and has been around for many years; however, it has recently become a popular way of reducing the amount of rent you pay as a tenant.
Those that choose to participate in co-living will share the amenities in a flat or house but don’t have to necessarily interact with one another.
Each person will have their own room but will share communal rooms such as the bathrooms, living room, and kitchen.
It creates a fantastic environment for people to meet others that are also keen to save money by sharing accommodation and offers a good opportunity to make new friends and meet people from all different kinds of backgrounds.
One of the great things about co living apartments is that you live with others, and you can choose the type of people that you live with by filling out questionnaires that help match you with people that live the same lifestyle as you.
This is great for meeting people that have a similar schedule to you and are on the same path in life. It increases your chances of meeting people that are at a similar point in their life who you can get to know and help you on your journey to success.
Why is Co-Living Popular?
When it comes to co-living, there are a number of reasons why it has become so popular in recent years. One of the main reasons is the increase of people that are now working from home.
Many workers no longer need to travel to work for their job and have opted for working in the comfort of their homes. For this reason, many people have chosen to find accommodation that offers adequate living standards, which also does not cost a ridiculous amount.
Young professionals that are just getting started in new jobs can’t afford to spend their entire income on renting an apartment just for themselves therefore, many choose to participate in co-living.
Big cities have become extremely expensive to live in, which has made it even more unfeasible to pay a huge amount of income on the monthly rent.
One of the best ways around this is to share the rent for a property with others through co-living.
This way, the rent is split between all of the people living in the house or apartment, which helps keeps the bills and rent down, allowing young professionals to save their money from the moment they start working.
In addition to this, choosing to live with others also comes with a number of benefits that you may not have thought of before.
The pros of co-living
At the end of the day, it really is up to what the person that is choosing their accommodation is looking for whilst searching for the best environment to live in. Choosing to co-live with others comes with several benefits, which we will go through now.
First of all, choosing to split rent with others for a flat or house is a great way to save money as you won’t have to pay all of the bills and you share the rent and facilities that include things like the garden, kitchen, and living room.
You will still have your own private space with your bedroom, which is yours; however, having communal spaces will open up great opportunities to meet other people.
In addition to this, flats or houses that practice co-living often come fully furnished, so you won’t have to worry about buying lots of furniture and living essentials to fill your home.
It is often quite easy and hassle-free to move into your room and enjoy communal spaces which have been kitted out with everything you could need for a comfortable living experience.
One of the main benefits of co-living is the opportunity it provides for you to make new friends and meet people that you would never have normally run into.
You will be living with others that are in the same boat as you and who are often at the same stage of life as they try to save money whilst working as a young professional.