Coliving is a communal lifestyle where people with similar values occupy a private room in a shared space.
But first, it is essential to understand the concept of communal living or; whatever it is all about to create some form of background to the narrative.
Below we’ll briefly define this form of living and a host of other terms.
Like the single room occupancy, coliving spaces offer residents a personal space in a shared property. In addition, however, the occupants share other parts of the apartment, such as the kitchen, bathroom, living room, library, gym, and many others.
Residents in a shared community do share not only the living spaces but also intentions, values, ideas, and interests. The commune contains people from different parts of life who have come together to learn from the experience of others and make new friends.
There are a slew of activities to enjoy in this shared rooms system. Some include night games, movies or shows, exhibits, excursions, parties, picnics, and many more.
Today, coliving in NYC is filled with hundreds of thousands of students and workers. This group of people has chosen the system due to the plethora of benefits that come with it.
One of the most significant advantages of coliving is affordability. Co-living spaces are designed with residents’ budgets in mind, unlike other housing systems.
This cost-saving system allows you to save up a lot of money while living in an apartment with almost everything you will enjoy in a Five Star Hotel. Coliving is the wave of the future and the solution to renting and living in the big city.
Residents won’t have any financial surprises since the price includes all the amenities and utilities. Likewise, you would have no difficulties getting and moving into a coliving space.
Aside from affordability, coliving systems help residents acquire new skills and learn fascinating ideas about the rich culture and history of other residents.
Various surveys have shown that the primary age group is 19-40. These are usually employees of different startup companies, freelancers, or students.
Basically, the shared housing arrangement can work with just about any individual. You are craving a breath of fresh air and need a new environment for a few months. You have got a new job far away from home and need to settle into a job well enough to be able to decide if you want to move down to this new environment permanently. This form of housing works best for people who are new to a city or for those who are looking to concentrate on their passions rather than deal with the stresses that come with moving into a new place.
Probably Wells Coats designed the first shared living space in North London called Isokon. This project failed.
Due to rising real estate prices and the hardships of World War II, many people were forced to move in with each other in shared spaces. These spaces were laundry rooms, workspaces, kitchens, and even shared living rooms.
However, after the war, this way of living declined and failed. Therefore, we could say that cohabitation was popularized again between 2014 and 2015 when real estate prices skyrocketed, and several companies offering this type of housing were established.
The Internet and information has become the power for many individuals. As a result, Coliving grew mainly in expensive cities like New York and London. An article in The Bloomberg named this type of housing as “adult dorms.”
Many experts predict that the industry will expand enormously due to the rising prices we’re experiencing.
You can see how coliving functions on popular TV shows, whose characters co-live with one another—for instance, The Big Bang Theory, Friends, How I Met Your Mother and others.
Many people vouch for this type of renting, and some prefer living independently.
In any case, we must acknowledge that co-living as a sector is increasing annually, especially for today’s Millennials and Gen Zers. They can easily afford this type of housing at colleges.
Of course, most people take advantage of coliving in big cities. San Francisco, New York, Los Angeles, etc., with their exorbitant home prices and expensive cost of living, are hotspots for coliving.
The average monthly price of Coliving in the USA is $ 1,400. But Coliving is competitive, with some options starting at $800 per month.
But for instance, in Los Angeles, the average young person will probably be a freelance artist of some sort or even an actor or musician. In New York, there are plenty of people working at various startup companies and freelancers in the arts, and these jobs don’t provide you financial security, which results in a rise in the need for cheaper housing.
We recommend Los Angeles, San Francisco, and New York as the best coliving cities.
However, even these cities have their neighborhoods and more expensive apartments.
For instance, coliving in specific neighborhoods in Manhattan can be more expensive than coliving in Brooklyn, but that may vary depending on the location, the amenities and services you require, and the length of stay.
Coliving prices depend mainly on what you want.
For example, if you are looking for a separate room with a queen-size bed, a work desk, Internet, a private closet, and en suite bathroom your monthly fee can be higher than $2000. At the same time, if you can share a bathroom with your roommates, then the price can decrease significantly.
The location also means a lot, and the facilities offered by each home. Some homes have amenities like a gym, game room, or outdoor areas for parties and community events. An average cost for those spaces can range from $ 1,500 to $ 2,000 a month.
However, if the price is more your determining factor and if you have a volatile income or are in-between jobs and a shared space will meet your needs, prices can range from $700 per month.
It’s no secret that Asia is overcrowded. Especially cities as big as Hong Kong. Coliving is one solution to this pervasive problem of overcrowding.
Author Alexandria Lafci recently wrote that coliving would soon be as popular as co-working places.
More and more people advertise their apartments as coliving spaces. As a result, they save money, meet new people, and enjoy the advantages of coliving.
Alexandria Lafci also stated that by 2050, up to 90% of people would live in cities and only 10% in the suburbs. This in itself shows that the coliving business will overgrow.
Coliving is the solution to the problem of overcrowded cities. If Alexandria’s prediction is accurate, cities will be overpopulated and inevitably overpriced, which will force people to look for more affordable options. Coliving is the simplest way to do it.
The co-living lifestyle is multiplying in urban environments; whether you’re a tenant or a landlord, now is the best time to check out Coliving.
In Silicon Valley, for instance, they came up with the concept of a HUB. That’s how Facebook began – they believed in moving people with common interests into one house and working on one project, and if it works out, the landlord themself has something out of it as well.
Imagine this scene, you arrive in New York City with high hopes of experiencing the “bright lights” effects of the City that Never Sleeps. You’ve secured a place to work, or perhaps you’re just a digital nomad or traveler, student or intern, or maybe you are just in transition looking for an alternative to the traditional apartment experience.
You may be from another country, another state, or New York or Brooklyn; whatever the situation, you are looking for something different from the regular
You have no idea what to expect when you arrive. YOU HOPE you are not a victim of a scam or an ad that read “Room for Rent in Brooklyn” only to find that room is located in a sketchy part of the city — a room without windows.
You hope it is not the case of horror stories you have heard where a place looked excellent on the Internet but in reality was not anything like the pictures on the web.
These are your fears as you step out of the cab, the Uber, the subway with your suitcase, and you have no idea what to expect; suddenly, the city can seem very big and very intimidating.
Now imagine that before you even arrive, you have a name, a contact on the property who you can call with questions, who is expecting you, who will welcome you.
You step out of that cab, arrive on the subway, and you are met at the door. The staff helps you with your luggage, and you meet new fellow travelers, transitioners, students. Imagine you are beyond delighted with the designer touches and cleanliness that goes beyond what you saw in pictures.
The apartment is filled with light; it’s fully stocked, the decor is designer, the furnishings are comfortable, the people are friendly. You are not alone.
Coliving is disrupting New York City’s short-term and long-term housing process.
Big cities can be complex, but places like NYC are notoriously next to impossible to navigate because of hefty deposits, stringent qualifications, tons of paperwork, and unpredictable lease terms.
Big cities are prime for coliving as it offers a way around the hurdles and allows for a solution in solving problems with student housing in New York, short-term rentals, and intern housing in New York City.
Traditionally, there were few options for NYC temporary apartments beyond the Airbnb, extended stay hotel experience.
The coliving culture goes beyond the practical. However, it meets another need, perhaps even more significant than a way around the traditional apartment finding — it offers a much-needed aspect to life that is missing today — community.
When we say co-living, many people imagine different things and have many questions. Here are the ten most frequently asked questions answered!
Coliving is revolutionizing the way we work and live in the big city. It is popular with digital nomads, travelers, students, remote workers, corporate executives, interns, and those who want a new lifestyle that affords flexibility, predictable costs, and a shared community.
The idea of co-living is based on private spaces in shared modern homes where members have both the privacy they desire and the community with varied cultures and shared interests.
There are many advantages to coliving. For example, if you’re on a budget, if you are new to a city and want to discover recent locations, if you’re looking to socialize and want to meet new people, if you’re going to live and work in a city but also want the benefits that a community offers.
Find out in advance about the people already living in the apartment. Then, you can also meet with them before signing the contract!
This way you will have a better idea of the types of people you would like to live with.
You can have as much or as little privacy as you desire. For example, if you are more of an introvert and prefer your own private space but want the affordability, flexibility, and advantages of community, co-living can meet your needs. On the other hand, if you are an extrovert and thrive in a community and are energized by shared cultures, events, and living and working with a group of like-minded people, co-living is for you.
This is a common question, and there is only one answer: If the contract allows. If you have an animal, notify the administrator of the coliving apartment in advance and see their policy on having pets at the property.
Common areas such as the kitchen, dining room, living area, and some bathrooms are shared.
It all depends on the home’s layout, the amenities offered, and whether you choose a private or shared room.
Co-living is, perhaps, safer than living alone in a big city. Safes are provided to protect your valuables; cameras are in shared spaces to ensure your safety and security.
Unlike living alone in an unfamiliar city, in a co-living situation, there is a community there that checks in to ensure you are ok, ensure you have what you need, and support you, so you are not on your own. The community is built-in support.
In most cases, you can decorate your room. As long as nothing damages the permanent space and it does not interfere with another person’s living experience or living space, you are welcome to have personal items to enhance the feeling of home.
In most cases – almost 99% of co-living apartments are already fully furnished and do not require or permit you to bring in your furniture to replace the provided furniture.
It is usually no problem should you require minimal upgrades like closet drawers, desks, etc.
The costs vary depending on amenities, whether you have a private or shared room, whether you require a private bathroom, and the home’s location.
If you want to know specific amounts, prices range from $ 700 to $ 3,000. It depends on the luxury you want to indulge in.
Get acquainted with the rules before moving in, during the interview itself, or during the final inspection.
There you can ask everything you will need to know, and you will undoubtedly be given a list of fixed rules that every tenant needs to follow.
Rules are put into place to ensure that each member enjoys their experience to the fullest and mutual respect for the space and individual needs.