Benefits of Co-Living

1. Affordability

Due to the expensive housing situation, the cost of buying your own place is often out of reach, especially for newer generations. Because of this, millennials who are just starting to get into the housing market are shifting to become renters instead of owners.

When you factor in the cost of buying new furniture, kitchen supplies, and utility fees, renting a new apartment on your own can take a hit on your finances. In a co-living space, rent is often lower and comes with a fully-furnished layout. In addition, perks such as cleaning services, room maintenance, and utilities are usually included. This means that you don’t need to buy your own couch, TV, or Wi-Fi router when moving in.

At Wehome, we offer a lighter monthly expense when compared to renting your own condo or apartment with the inclusion of free Wi-Fi, utilities, gym access, and weekly housekeeping.

2. Sense of Community

For younger generations, the definition of home has slowly shifted away from a place of long-term permanence. Instead, they are seeking a new meaning of ‘life’ and ‘living’, looking for a place of comfort, affordability, and a sense of community. Especially when you’re moving to a brand new city, either for work or through the digital nomad life, making friends as an adult can be challenging. A co-living complex tends to solve this issue by offering built-in communal facilities and events that cultivate an environment that is ideal for open-minded people who are also looking to meet new people.

Co-living offers networking opportunities, all of which are great opportunities to connect with other members of the co-living community. By having private bedrooms and shared living spaces, co-living spaces like Wehome allow you to socialize when you want, and enjoy privacy when you need it. With that said, the community living concept has become a more viable and beneficial housing option for all life stages.

3. Flexibility & Convenience

One of the main benefits of a community living complex is flexibility. The rapid rise of digital nomads and remote working has contributed to the number of young professionals who tend to opt for short-term or flexible leases. If you’re not certain about committing to a long-term lease and buying furniture, co-living offers the perfect alternative. When residing in a co-living complex, you also don’t have to worry about the time and cost of home administration. Moreover, most co-living communities commonly offer high-quality and fully-furnished rooms that come with essential amenities.

At Wehome, we offer a flexible and fully furnished living experience. You can choose whether you want short to mid-term (3-6 months) or long-term (9-12 or 24 months) stays. The property is equipped with premium amenities from mattress protector, pillows and cleaning essentials, all the way to co-living spaces, gymnasium / fitness area and pool. So instead of buying a ton of home goods and furniture that you’ll have to resell if you move, you can simply roll in with just a suitcase. This way, you can save time and money to focus on things that really matter.

4. Networking & Knowledge Sharing

Another significant advantage of co-living is the chance to connect and network with a diverse group of people. People tend to learn and develop from one another through different cultural and professional backgrounds. At Wehome, meeting new people and finding new business opportunities is easy. Our co-living space is fully-equipped with a living and dining hall creating an environment that encourages creativity, productivity, and innovation. It is an ideal setting to foster collaboration and professional cooperation.

5. Co-living Promotes Sustainable Living

Another amazing benefit of co-living is that it can significantly reduce negative environmental impacts. Generally speaking, co-living spaces share essential resources such as water and electricity through the use of communal spaces. This helps implement a more sustainable approach to energy consumption which in turn, supports the reduction of carbon footprint.

According to a study by Conscious Living, a co-living community produces only a third of emissions when compared to the average household in the UK. While another study suggests that cohabiting with others reduces a person’s carbon footprint by 23% on average.

So if you’re seeking a living approach that is sustainable, offers affordability, flexibility, and a sense of community, Wehome is the home you’ve been looking for.