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The Top 5 Growing Benefits Of Co-living You Should Know

Hot on the heels of the co-working movement comes coliving. Otherwise known as communal living, coliving is a growing accommodation trend wherein one moves into a residence with other free-spirited individuals. Not to be confused with the traditional roommate arrangements, these coliving spaces are designed to foster and nurture community bonding. From fun spaces for spending time with others to maintenance and housekeeping services, here are the top 5 benefits that coliving can offer.

1. A more affordable option

Singapore always appears at the top of those cost-of-living surveys, with the most significant expense by housing. Traditional rental arrangements may require up to 45% of one’s income, attributing to the largest share of monthly expenditures. Costs can be easily hiked up when utility bills and purchasing of necessities are factored in.

Compared to the exorbitant rentals that many of us are familiar with, coliving spaces offer not only shorter leases and cheaper options. Moreover, these spaces are fully furnished and equipped with additional amenities like gyms and BBQ pits; most of which are unavailable when renting a HDB flat. If you’re looking to save money and significantly cut down on your spending, living with others might be an ideal option.

2. Enhanced convenience

Your work isn’t over upon signing the lease on a new home. If you’re going the traditional route, chances are, you’d need to set up and decorate the new space to make it feel like home.

With a coliving space, you can skip the hassle and simply move in! Save on time and effort cleaning and maintaining the space, as household management and administration are all taken care of. Dedicate more time to do the things you love!

3. Built-in community

Designed to foster a sense of community amongst strangers, coliving spaces not only offer common rooms fit for socialising, but the management may also organize activities and social events for you to get involved with the community.

With a mix of private bedrooms and shared spaces, you will have the right balance of alone time and time spent on mingling. Coliving is truly an excellent choice for those who wish to have both.

4. Flexibility offered

If committing to a long-term lease scares you, or if you’re not ready to buy home appliances and furniture just to keep them for a minimum of six months, coliving is the solution to your worries. Coliving is especially beneficial if you’re moving to a new city, or if you’d like to explore different neighbourhoods before finally settling down for the long term.

5. You can live light

Another major benefit of living in a furnished coliving apartment is how you’re given the ability to live light. Instead of purchasing many home goods, you can simply bring only your essentials, since all that you need are already provided. Not only is this convenient, but it also allows you to save money for what is really pivotal.

These 5 top advantages contribute to the increasing popularity of coliving. If you’re on the hunt for pocket-friendly accommodation that also instils a sense of community, coliving ticks all of the boxes.

So don’t wait and start your coliving journey! As one of the best coliving apartment providers in Singapore, Coliwoo is determined to cater to all your needs. Get a taste of the ideal homely stay; send us a message to find out more about our coliving spaces

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