Co-living is a concept of shared housing that is gaining popularity, especially among urbanites seeking more flexible and efficient housing solutions. Unlike traditional boarding houses, co-living businesses offer more than just a place to live—complete facilities, a supportive community, and more affordable costs.
Co-living is often an attractive option for millennials, remote workers, and individuals looking to cut costs while getting more convenience.
So, what is the business potential?
Co-living is a modern housing solution that emphasizes togetherness and collaboration between residents.
This trend offers various facilities such as a kitchen, living room, and recreation area, while the bedrooms remain private.
Unlike traditional boarding houses that tend to emphasize individual living, co-living spaces are designed to foster social interaction and enhance productivity through a supportive community environment.
Co-living rental rates usually include utilities and additional services such as internet and cleaning, making it more efficient and practical for residents.
Co-living is growing as demand increases, especially in big cities, thanks to the flexible lifestyle it offers to millennials and remote workers.
Co-living offers many advantages over boarding houses, such as more efficient costs because utilities and additional services are included. Also, an active community in co-living creates stronger social connections, reduces loneliness, and improves the quality of life for residents.
The concept of co-living also supports environmental sustainability with more efficient resource use, making it an eco-friendly option.
With great growth potential, co-living is now considered a future housing solution that provides a more connected and dynamic lifestyle.
Co-living generally offers more complete facilities than traditional boarding houses. Facilities like shared kitchens, living rooms, workspaces, and entertainment areas are often available.
The rental fee is all-inclusive, covering utilities, internet, and cleaning services. This transparent pricing structure allows residents to manage their budgets more effectively and eliminates unexpected expenses at the end of the month.
One of the main attractions of co-living is the presence of an active and supportive community. Co-living creates an environment where residents can interact, collaborate, and even build professional relationships or friendships.
Co-living often offers higher security, with facilities equipped with 24/7 security systems such as CCTV and security guards. This provides residents with a more comfortable environment for both rest and daily activities.
Although co-living rental prices are generally slightly higher than boarding houses, the cost includes utilities and additional services, which will indirectly be more economical in the long run.
For example, the monthly rental cost for co-living in Jakarta is around IDR 4 million, while the cost of boarding houses can be cheaper. Still, residents have to pay for utilities and other services separately.
Long-term savings can be achieved because all these costs are combined in one payment. In addition, facilities such as co-working spaces, gyms, and entertainment rooms provide added value that traditional boarding houses do not have.
When selecting the right co-living space, it’s important to consider several factors, including your priorities, budget, and specific personal needs. First, determine whether you prioritize work facilities or social interaction.
In addition, the strategic location of co-living should also be considered because easy access to public transportation and other facilities will improve the quality of life.
Also, consider the additional facilities and services, such as gyms and entertainment spaces.
Co-living has emerged as an innovative housing solution, combining convenience, cost efficiency, and a supportive community. Unlike traditional boarding houses, co-living offers many benefits, including modern facilities, more efficient costs, and social and professional interaction opportunities.
