Home is also where the co-living space is

January 17, 2022 | Raj Srivastav

Your day starts with someone flashing an angelic smile at you. Perhaps, you didn’t even know this person until a few months back. Someone else is giving you a gentle shoulder rub so that you wipe away the last traces of sleep. The people in this room are not your siblings or acquaintances even.

They are however, sharing the same space as you, and somewhere a bond is forged.

The space and ambience aren’t similar to that in rented apartments. And the difference is strikingly obvious.

The rooms have giant-size beds, the kitchen spacious enough to accommodate two cooks, the living room has multiple seating options and the Internet speed is so rapid that it takes care of everyone’s Netflix indulgences at the same time. This shared house arrangement also offers a lounge area, utility section, and a work zone, which is common to all.

This is the essence of coliving homes, or hacker-houses as they’re popularly called. The all-inclusive experiences offered here make it different from rental apartments. The stay is comfortable, the amenities well-designed and, what’s more, you experience a sense of belonging with like-minded people around. The atmosphere around is informal and the unmistakable smell of intimacy lightens you up.

What else makes coliving homes unique?

1. Flexible leases and freedom from difficult landlords

2. Reduces living costs by as much as 20%

3. Accommodation for non-related families

4. Chance to live with the same communities

5. Chance to experience community-hosted events

Coliving startups are created from the success of WeLive and Open Door that have made the hacker-house concept a smashing success.

While co-living communities are concentrated across New York City, Los Angeles, San Francisco, Washington, and Chicago, the coliving space still has immense business potential.

Why not create a website for your co-living business, the first step to getting started.

To persuade prospects to choose your space, the website should offer a clear picture of the ambience and amenities. Let us dive into the dos and don’ts of your website once you start a co-living business.

How to create a website for your co-living business?

Shortlist web developers:

The first step when you want to build a website for co-living business is to zero down on the right website developer for the look and technical aspects of the pages. For instance, Common.com is a popular, all-comprehensive website, almost like a one-stop shop for all coliving enquiries in the US. Furthermore, on-point speed of loading and the ability to attract traffic will help your coliving business flourish.

Mention geographical coverage:

Your coliving business model can be multi-city or multi-state. Make sure your website lists out the regions of operation. Such a user-friendly interface will help prospects close the deal with your shared easy co-living property.

Highlight your USP:

The website design and development company you choose should focus on your specialties. Highlight aspects such as cleaning, splitting bills, or moving furniture.

Speak about amenities:

Rental and co-living websites can successfully close deals when information on amenities is conveyed clearly. Facilities such as a fully furnished space, designer interiors, onsite laundry, or a high-end kitchen can be a gamechanger. Home inventory listing will add more value to your website.

Leasing support:

If your coliving business plan offers leasing support, establish that on your website. It’s easy and convenient to have a rent agreement online. Guidelines regarding the best online lease agreement can be discussed with your development team.

The collective co-living space comes with an array of benefits:

Affordable living:

According to industry estimates, those below 30 years of age spend 45% of their income on rent. They have to pay security deposits, furniture, and brokerage fees. Coliving business relieves us of such hazards.

Upcoming concept:

Coliving firms are expected to open over 55,000 beds in the next few years in the US alone, for which they have raised millions of dollars. This is an attractive bet for youngsters in the age bracket of 25 to 35, who love plush amenities and moving-in flexibility.

House management:

With co-living spaces around, you are stepping into a house that is already set up. You move in and start living your life.

Community support:

A 2019 survey by Bungalow.com confirmed that 30% of millennials often feel lonely. Coliving space comes in handy here. Besides offering an immediate avenue to socialize, it gives you space to be alone when you need to.

A study by Housemonk claims that about 10,000 tenants in the US have opted for co-living spaces, with China and India at the forefront. The data reveals that the market share of the US coliving space is $204M. Additionally, the research claims that the rising popularity of this concept has led to coliving funding witnessing a 75% increase. In the US, coliving funding stands at $400M.

The scope for this business is immense – we could be ushering in an era where multiple US residents should be moving into coliving spaces.

Want to create a website for your coliving business? Our web team has the experience to make your vision a reality. We’re waiting for your call at +1.408.621.8481 or email us at team@sdi.la.

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