7 Factors to Consider while Renting a Co-living Home

Co-living is a rental housing concept, wherein, fully furnished living units are offered to groups of people who wish to co-habit the space, without the usual restrictions seen in the more traditional paying guest-type accommodations, explains Anuj Puri, Chairman of ANAROCK Property Consultants. “While co-living spaces provide ample opportunity to their residents to mingle and interact, they also provide privacy at various levels – including from intrusive landlords,” adds Puri.

The benefits of opting for a co-living house are plentiful, but not all co-living spaces are created equal. You will be spending the majority of your time in your new home, so before you take the leap into the unknown, it is vital that you know exactly what you’re signing up for so that you can choose the co-living space that best suits your needs and makes you happy.

“The new generation does not prefer to pay for spaces that they hardly inhabit. Nevertheless, they still prefer having all the facilities, without worrying about the maintenance and higher costs,” says Abhishek Kulkarni, chairman and managing director, Million SqFt Realty Private Ltd.

Transportation & Connectivity

Even though you should choose a location near your college or workplace, it is also important that the location to choose is accessible to other places too. You should have a good option of frequent transport and connectivity to other parts of the city. Whenever you’ll be traveling to other places, this will be of great help as your PG will then be well connected with the rest of the city.

Facilities

One of the benefits of a co-living its benefits. So, when looking out for one, make sure you filter through and choose the one offering the best facilities at the best price. Hygiene, spacious homes, furniture, Wi-Fi, microwave, AC, refrigerator, washing machine, TV, proper security, flexibility, good common areas are some important amenities you must look for. While you’re there, also check the network coverage on your phone. Ensure the place has good facilities by checking with people who currently reside there.

Reliability

When living in a co-living setup, you should ensure that your stay is with a brand that values its customers and is keen to improve every day. You should be able to rely on your co-living accommodation for all your necessities. It is important that you trust the brand and there is a good customer service team. This will have an effect on the experience you have in a co-living accommodation. So, for the best co-living experience choose reliable organizations like YourOwnROOM.

Confines
Choosing a co-living about means understanding that you will be sharing a lot of space, time, and things with a few people who you may not necessarily know on a personal level at first. You will be sharing bathrooms and toilets with these people, possibly cooking and eating together which means shopping together as well, so it’s wise to look for spaces that are occupied by like-minded individuals. Some vegans may not want to live with, eat with, and share a fridge with meat-eaters for example.

Eliminates financial liability of roommates
Unlike traditional spaces, co-living spaces eliminate the headache of finding a roommate in case one of them decides to move out and as per most of the rental agreements the burden falls on the head of others. While in a co-living space the occupants are under no such obligations and are responsible for their individual share of rent irrespective of any circumstantial changes.

Ready Spaces

The houses and apartments where the rooms are rented have all you need inside a home, kitchen utensils, kitchen furniture, public services, in your room you have your bed, the space to store your clothes. This in itself is an advantage as it eliminates the need to buy all these items separately.

Know New Lifestyles

By living with people who are outside your nearby circle, who have customs and lifestyles different from yours and on many occasions that come from other countries you can meet new cultures, gastronomy, music and points of view. It is opening up to the world in one place

So those were a few key factors you should note before you go searching for your ideal co-living setup. There will surely be one that will be most suitable for you. Make a list of whatever you consider important and add it to this so that your co-living space feels like home.