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Updated by Joanna James on May 02, 2024
Headline for 5 Best Reasons to Opt for Co-living Spaces – Living options in cosmopolitan cities
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Joanna James Joanna James
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5 Best Reasons to Opt for Co-living Spaces – Living options in cosmopolitan cities

Today, the demand for co-living spaces are rapidly increasing mainly because more and more people are opting to migrate from their hometowns to bustling city hubs, and are in search of rental spaces. Here are five top best reasons that highlight the benefits of co-living for those considering comfortable and budget-friendly accommodations.

1

Socialising and developing relationships

We live in a time where physical socialising have dropped significantly as more and more people continue to engage in online interactions on various online platforms. For those who are less addicted to online interactions in today's social media-dominated lifestyles, shared community living will prove to be ideal. As it's a great opportunity to socialise with fellow housemates and develop meaningful relationships. Also, this is a good way to share things like house chores, amenities, and other maintenance needed to run a house thus reducing personal cost.

2

Reduced cost of living

One of the best parts of opting for co-living spaces is that the cost of living greatly reduces for all the housemates. As you will be sharing most of the amenities, so any expenses will be divided among residents, thus ensuring everyone gets access to most of the amenities at a very low cost. Amenities that are generally shared include laundry services, kitchen supplies, food, gaming zones, toiletries, fitness centers, and media rooms. In this way, all the residents will get to save individual expenses which would have to be otherwise incurred at a great cost for each of the amenities.

3

Sharing amenities

Usually, with student housing and co-living spaces such as those offered by lyf by Ascott, residents share amenities. So for those who would like to have all the facilities such as a gym, laundry services, kitchen and bathroom supplies, and most importantly Wi-Fi, at an even lower budget, this would prove ideal. As opting for shared living, allows residents to share these amenities and split the expenses between them.

4

Personal growth

Another great benefit, that people living in shared spaces get to experience is the chances to grow as a person, and become a better individual by interacting closely with other residents and gain knowledge. Not only do personal interactions allow one to get to know others, share knowledge, and learn from their mistakes and experiences, they also pave room for self-growth. Shared spaces also create a positive environment, can build a positive attitude. The relationships that are developed through interactions often lead to both planned and spontaneous explorations, enjoyment, travel activities, and a lot more.

5

Learning new skills

One of the easiest and best ways to learn new things is by living or even working with others who have experience in other skills. In student housing and co-living spaces, everyone gets the chance to live together and share work. From maintenance and cleanliness, almost all work tasks can be distributed between residents. This way most people will get the chance to interact with others and learn more from one another including sharing job advice, cooking skills, and hobbies.