The rise in the cost of living has introduced unique forms of living. People are avoiding ordinary studio apartments, and trying to live in different ways due to ever-evolving economic and social changes. Some follow the approach of micro-living.
Micro-living is essentially homes or apartments that are smaller than a normal apartment (relative to the US at least) with similar amenities. Places like Hong Kong have had micro-units for decades, but with rising rent costs in Western countries, the trend is soon to follow here.
Another form of living is co-living (which is what this blog is about!). Co-living homes have individual rooms, but they also have co-living spaces such as the living room and kitchen. These options are both wonderful for saving money, but they’re very different.
Micro-living apartments are small. These apartments allowed their residents complete privacy, but they are tiny, the majority being less than 500 square fee. Residents will have a difficult time inviting guests over for drinks or a game night because the space is so compact. Micro-living spaces are also not the choice for people who are claustrophobic. However, in cities like New York and San Francisco, these living situations are a necessity to many. They allow you live near work and around all the city amenities.
Co-living homes, on the other hand, have loads of space. These spaces are wide and spread out. Residents of these homes will not feel confined to one area because they share common spaces. The one downfall in these situations is that they do require roommates. However when you live in a co-living home, you typically sign your own room lease, allowing you to have your own space when you need it.
The attributes among these rental options vary. Co-living homes are more eco-friendly; sharing utilities such as water and electricity has a better impact on the environment than micro-living homes. Roommates can share the bulk of the bills in co-living homes, whereas micro-living homes puts the financial burden on one single person.
Micro-living homes are great for those who wish for complete space from others. However, it’s difficult to house an animal in a micro-living space. The area is too small for anything other than a hamster, or an animal that is already in a cage. There are many co-living homes that are pet friendly. Residents can house a cat, dog, or another animal of choice. In addition to this, other roommates may have pets so none of the animals get lonely.
While living in micro-apartments can lead to socialization, co-living homes inspire more activities and personal connections. These homes may have a weekly game night, or a comedy club night. The people in co-living homes are more willing to make friendships, as opposed to the people who live in their own personal apartments, namely because they knew that co-living means sharing space and meeting new people.
Luckily, both micro-living homes and co-living homes are cheaper than the average apartment. This is, of course, the intended purpose of each of these homes. While both of these homes are cheap, co-living homes tend to be more economical because of the bill-splitting of utilities involved.
When searching for an affordable home, it’s best to consider all the options. Co-living homes have more space, potential friendships, and are more affordable. That being said, micro-homes are best for those who want to keep to themselves. Co-living is the better choice in most areas, but where one lives is all a matter of preference. Fortunately, there are more options today that make renting a home cost efficient, even in the most expensive cities.