5 Reasons Young Professionals Choose Cohabitation Over Renting

By IANSlife

New Delhi, August 31 (IANSlife): For students and young professionals, especially in big cities, co-living has become the new trend. Although these locations may be the center of business activity, moving to a new location to start over can be difficult due to high real estate costs and other complications. Co-living offers many advantages, which is why it is now one of the most sought-after choices by young professionals in the real estate sector. Isthara, a leading co-living company, describes the distinctive characteristics that distinguish co-living from rental properties.

Be social beyond social media

While social media was designed to bring people together, it fosters an environment of seclusion, often alienating us from social interaction. This problem often persists in larger font in rental spaces where a person lives alone, or with only one or two roommates they have never met before. Co-living spaces are designed to foster community engagement and often offer programs and activities that bring all residents of a property together to participate in recreational activities. This helps those who are moving to a new city for work and do not already have a social support system in the city.

Lower deposits, not expectations

Often one of the biggest hurdles when moving to a new city and renting a home is the exorbitant price of real estate. Co-housing properties still have discounted rates due to the shared model, and often boast prices that are 1/10th of those for renting individual properties or rooms. This makes co-living the perfect option for those who don’t want to start saving from their first job in the new city. In addition to cheaper base prices, co-living allows young professionals to live closer to where they work. Often, residential properties near business parks have higher rental rates due to increased demand, often making them unviable for those just starting out in their careers. Choosing co-living spaces rather than rental spaces makes it more viable to stay closer to the workplace, thus also reducing the overall cost of travel that professionals have to bear.

No more chores

Settling in a new city often comes with a renewed sense of independence, especially for those leaving home for the first time. Living independently means you often have to do household chores, which can be especially difficult for those who grew up depending on their family for daily chores. When living in a rental property, it becomes imperative for the resident to take care of the cooking, laundry, cleaning and additional chores to maintain their living space and make sure everything is in order. However, coming home after a tiring day at work only to have a long list of tasks in front of you is never ideal, which is why cohabitation comes to save the day. Co-living properties come with a wide range of amenities and services such as housekeeping services, meal options, laundry services, among others, to ensure your living space is well maintained. maintained.

Live your way of life

Many people move to a new city for the freedom to live their lives as they please. However, rental properties often come with restrictions. Even in metropolises, many rental spaces refuse to offer their spaces to people of a particular class, caste, gender or sexual orientation. Although this level of discrimination has diminished in recent years, it is still widespread and can sometimes pose additional safety risks to people from specific communities. Many co-living providers like Isthara Co-Living are open to everyone, regardless of background, and even offer special properties to those from minority communities. Isthara’s Annanya Trans Inn is just one of many properties specifically designed to provide safe, high-quality housing solutions for people in the transgender community, providing them with a safe space they can call their home. at home.

Leave tenant disputes at the door

Having the choice to rent a space doesn’t always mean there won’t be additional hurdles that arise. Those who rent space often come into conflict with their landlords, roommates, or even neighbors over a wide range of concerns, and with co-living these conflicts can be kept to a bare minimum. Most co-living brands offer an easy recourse mechanism through which their residents can easily resolve their issues in a systematic and streamlined manner, reducing the likelihood of disputes. Cohabitation properties also have property managers and resolution teams to deal with any issues that arise.

While moving to a new location can present a number of hurdles, one of them shouldn’t be trying to find a place that suits your needs. Co-living is rapidly replacing traditional housing options for millennials around the world, and it’s only expected to increase as the idea of ​​shared living spaces spreads. Co-living is the new way of life for young professionals and will undoubtedly permeate both university and professional life in the years to come.