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Everything that you should know about co-living

Many people nowadays are starting to explore co-living. It’s a simple and efficient way for people to live, whether you’re a student or starting a new job in a new location. 

Living in a big city such as New York can be a challenging task, so most people choose co-living as a way to make their stay more thrilling and more enjoyable. 

Before we can draw any conclusions about what co-living can bring to the table, we must first define what co-living is and what its qualities are. This article on co living meaning will show you why co-living is a new way of life.

How can we define co-living? 

Co-living began in the 1960s as a counterculture movement in response to societal homogenization. The concept has endured to what we see now, some 50 years later. 

People want more freedom in their life, as well as a community where they can engage with people. Engagement with other people doesn’t only mean sharing experiences but also ideas and views regarding different aspects of life, work, etc. 

In some cases, co-living can help people work together to grow as people and discover what they want to achieve. 

Aside from all these experiences, co-living allows tenants to create community events like movie nights, play various games, have debates on various subjects, etc. 

What’s the most major benefit in co-living?

Finding a new location to live in may be a difficult undertaking, and many individuals are concerned about their privacy. 

Finding a suitable place to stay at an affordable price is particularly difficult for students. 

This is where co-living comes into play, because the most significant benefit it provides is affordability. 

People can locate shared spaces through co-living without having to worry about their money or having to sacrifice their favorite pastimes to make ends meet. Members have a strong sense of belonging to a community, and some co-living locations have established a distinct culture. 

Co-living inhabitants typically share common interests. This allows them to exchange ideas and learn from one another, as well as share some similar common goals. 

During their stay, some people form groups and brainstorm new company ideas; others learn more about their flatmates’ various cultures and strive to examine their unique cultural history.

Who decides to live in a co-living environment?

One common misconception that many people have is that co-living arrangements are only for new graduates. This is not true at all! 

There are several cases when it is more advantageous for an individual to rent a shared apartment rather than a standard one. 

A lot of the time, people who decide to rent shared apartments need a place to stay for a few months while they start their new jobs and need some time to decide if they want to move to that city permanently. 

This can also work out well for freelancers and people who are looking to start their businesses − and this is why this form of living arrangement is especially suited for these types of people.

How much does it cost to live in co-living?

When researching to find a co-living setup, it can be tricky to compare pricing. It is important to remember that three main factors that determine a price are: 

  • the location and amenities offered by the space, 
  • the size of the individual spaces, and 
  • any additional perks or fees that are involved.

The cost of living in a co-living facility is a personal and subjective decision. 

The most important thing you can do before deciding on a location is to understand your financial needs, as well as your living preferences. co-living spaces vary from 800 to 2,200 SqFt, with one to twelve rooms available for rent. 

You can share kitchen facilities and common areas within the building and have the privacy of your room. 

Rates can range from $700-$3000 per month, depending on the factors mentioned above.

Where can you find co-living most commonly?

Why are we seeing such a popular boom in co-living? One answer is that we are facing a global problem of overcrowding in cities. co-living is the solution to overcrowding and high prices in cities. 

Cities like Shanghai and Singapore are overpopulated and often overpriced as well. 

People will look for affordable options, which can be found in co-living spaces all across the globe. 

Alexandria Lafci is the COO and co-founder of New Story, a nonprofit organization that revolves around the idea of turning inner cities into sustainable cities all around the world. 

Alexandria’s theory predicts that if cities become too crowded, the price of real estate will skyrocket. Landlords won’t be able to keep their rent prices low due to city regulations and urban population density—and tenants won’t be able to afford it either. 

Even if they wanted to save money by living in shared housing, they may not even be able to find a co-living space within a reasonable distance to public transportation, jobs, and other amenities. These are the ingredients for a perfect co-living recipe.

How is co-living changing the way that we live?

City living can be stressful, with busy workdays and bustling streets. When we spend so much time at home or in our offices it’s easy to feel disconnected from ourselves and others. 

Co-living offers an antidote to the daily grind, giving us the chance to get back in touch with our natural human need for community. 

It allows us to be part of a community in a way that’s not possible in solitary housing/hotels or through the disconnected experience of ride-sharing companies. 

Having the opportunity to live in such comfortable and affordable conditions is something that shouldn’t be missed out on or taken for granted, and co-living offers such opportunities.

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