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June 8, 2021

Is Coliving for you?
Top 6 benefits of Coliving

Finding a new home has never been easy. Deciding how much you can afford to spend on rent, choosing location, and finding roommates take a lot of time and energy. Coliving has become a popular alternative to traditional houses, geared toward tenants looking to save money and expand relationships.

If you've heard of Coliving and wondered if it's right for you, here are some of the biggest benefits that Coliving can offer.

Coliving is affordable

Rent is the biggest monthly expense for people under 30, who spend an average 45% of their income on renting their apartments. So, if you are trying to save money, living with roommates is one of the best ways to save your spending.

However, rent isn't the only thing that makes it expensive to start living on your own. When you factor in the security deposit, brokerage fees, and the cost of buying new furniture and kitchen appliances, renting a new apartment on your own can take a toll on your bank account.

When choosing Coliving, the rent is not only lower than a studio apartment, but you also don't have to buy more furniture (table, sofa, ...) or install your own wifi.

Coliving brings convenience

After you've signed a lease on a new home, your work isn't over yet: You'll have to set up the utilities in your home (kitchen appliances, television, air conditioning, etc.) before paying monthly bills for essential needs such as wifi, gas, electricity; You'll also have to decorate your new place and hire someone to clean the house (or negotiate chores with a roommate) to keep things looking neat and tidy. If a roommate decides to move out, you also need to find a new replacement.

Planning and executing these takes a lot of time. While with the Coliving option, you don't have to worry about these things, so you can spend more time doing the things you love.

Coliving gives you a community

Whether you're moving to a brand new city or busy with work, making friends as an adult may not be easy anymore. According to a 2019 survey, 30% of Millennials “often” or “always” feel lonely. Coliving tries to solve that problem by providing an integrated community of people willing to partake in meals, host movie nights and share about their day. With separate bedrooms and communal spaces, Coliving homes allow you to socialize when you want and be alone when you need a break.

Coliving eliminates the financial burden of finding a new roommate

Coliving eliminates the stress of having to make sure your roommate pays your rent on time or your roommate moves out early. You also won't have to pay utilities in advance and then go back begging your housemates to refund you, as utilities and rent are included in the same monthly payment. Finally, you'll never have to struggle to find a sublet to replace your roommate.

Coliving brings flexibility

If you're not ready to commit to a long-term lease (not to mention buying furniture and appliances for a home that you could only stay in for a year), coliving offers a flexible alternative. . This is especially useful if you are moving to a new city and want to explore different neighborhoods before settling permanently. And when you leave, you don't have to worry about affecting your living situation (or your housemates' belongings), as each resident has their own lease.

Coliving allows you to have a light life

Another benefit of moving to a furnished Coliving home is the ability to live without a burden. Instead of buying a ton of household items that you'll have to throw away or sell if you move, you can bring just the essentials into your new bedroom, saving money on the things that really matter. Those who pursue a minimalist, sustainable lifestyle find that Coliving perfectly suits their needs.

Coliving is also the trend that JinJoo Home is aiming for. Besides decorating lovely rooms; modernity and convenience through new technologies such as Google Hubnest; JinJoo Home also wants to build an interesting community for our residents.

Contact JinJoo Home to find the most suitable room for yourself!

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