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The Benefits of Coliving

The Benefits of Coliving

by Cherie McCord

Coliving is becoming a new trend in this day and age for both students and working professionals. The concept doesn’t even come close to a hostel or hotel. So many like minded individuals are warming up to the idea of coliving spaces, jumping in and learning to adjust to their new way of living. In New York, this has become especially popular recently. If you look into some options we are sure you can find some of the affordable housing NYC has to offer those interested in trying  out coliving spaces.

In this article we will discuss some of the benefits of coliving and why you should consider it as an option for your comfort.

Table of Contents

  • What is Coliving?
  • What are the Benefits of Coliving?
    • Affordability
    • Community
    • Safety
    • Flexibility
    • Personal and Professional Development

What is Coliving?

You may have never heard of coliving before and might  be wondering what it is exactly. Coliving is a completely unique concept that has really become a new trend in New York. It is the new modernized version of communal living with other students or professionals.

What are the Benefits of Coliving?

There is much to consider when choosing any living space, but specifically coliving actually holds many benefits such as:

  • affordability;
  • community;
  • safety;
  • flexibility;
  • personal and professional development.

Let us now take a closer look at each one of these benefits.

Affordability

Living on your own can be quite expensive with rental housing costs in New York. To rent a one bedroom apartment in New York will cost you around $3500 – $4500 per month. If you are single, choosing a coliving space option would definitely be a more affordable option, especially for students or those just starting out their careers. By choosing a coliving space, you would only need to pay for the space and services you use.

Community

It can be quite lonely living on your own, especially in the busy city. Why deal with loneliness when you can choose a coliving space and enjoy the pleasure of community with individuals who have similar interests.

Safety

Most coliving spaces offer you safety and security. New York City currently has a lot of crime going on, and there would be nothing worse than your safety being at risk living alone.

Flexibility

In this day and age, individuals are preferring flexibility in terms of living agreements. Why sign into a long term lease agreement that will hold you tightly in its grips. Most coliving spaces offer month to month or more short term contracts.

Personal and Professional Development

In a coliving space you are bound to find other individuals that  you have the freedom to network with. It is certainly enjoyable being able to learn from or bounce ideas off your peers.

In conclusion, we can note that Coliving is definitely an option to consider. As mentioned, most coliving spaces offer more short term living agreements, so trying it out for a few months is an option to consider seeing you won’t be bound to lengthy lease agreements. If you haven’t tried coliving before, give it a shot!

Filed Under: Life Style

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