Unlike traditional apartments that lack essential amenities and a sense of community, living together provides residents (we call them “members”) a private room and allows them to share access to a fully furnished living room, a shared kitchen, and incredible amenities.
Living spaces, such as those offered by HomeRoom, are designed to provide a common living environment, where residents share common spaces and amenities. That's because living spaces often offer a lower cost per square foot than traditional apartments, which can make them a cheaper option. As the coliving market develops, there will be greater segmentation in the market as more options become available to target the different coliving search engines.
Living spaces are usually fully furnished and offer various amenities, such as cleaning services, coworking spaces and social events. Living spaces are often designed to be flexible and adaptable, allowing residents to choose the type of housing that best suits their needs. The survey asked people about their living together preferences, from what spaces they would like to keep private to what types of public services they wouldn't mind sharing. However, in general, living together can be cheaper than traditional apartments, especially for people who want to share a room or common space.
The type of living space defines the living environment and, consequently, the type of resident who is attracted to it.