It is widely believed that millennials and those even younger are refusing to buy houses and start families. However, the truth is that times have changed, and people don’t have the same priorities or opportunities that the older generation had before.

There are plenty of young people, older people, and more looking for a home to live in. They don’t want to live in apartments. Instead, they want to live in a house. And one way that allows them to afford a home and avoid the growing problem of loneliness is through shared housing.

This concept is not entirely new. These days it’s becoming more popular among a wide range of people with various needs. Since it is believed that by 2050, most of the world will be living in cities—this could be the best way for people to have a roof over their heads and a group of people for support.

Here are some of the biggest benefits of shared housing based on people’s experiences:

1. It’s a Practical Solution

We often hear of divorced couples deciding to have a house or at least an apartment together. But there are plenty of situations where people who have never been a couple choose to live together in a group home. For example, they might be a group of people of the same age who used to be childhood friends who decide to move in together. Or perhaps a person is retiring and wants to live with someone in the same age range that can help take care of them.

2. It Offers a Support System

There is a growing day-to-day problem for some people. And that is loneliness. The issue of not having anyone to talk to, do things with, or spend time with. In this sense, shared housing is an excellent solution for these things. Many people want to live in a real house with better accommodations, but not alone. At the same time, plenty of people want to live with others where they can have a group of friends to lean on and share burdens with.

3. It’s Affordable

Another benefit of shared housing is that it is more affordable. For example, in a shared housing community, you could pay as much as 75% less than you would for a house in the same or similar neighborhood. Shared housing also allows people to have a place to live regardless of their financial situation.

4. It Provides a Community

Last but not least, the benefit of shared housing is that it gives people a sense of belonging in the community. So if anyone is looking for a house or apartment, shared housing communities are the best way to go.

There are many shared housing communities today. Some are for specific age groups. For example, an age-restricted community is geared for those 55 years old or older. There is another type called a co-housing community. A co-housing community might be a collection of several houses or apartment units where people live on the same property.

Conclusion

There are many reasons to share housing. For the young, old, couples, and single, shared housing is a practical solution. It may not be the answer to all of their housing problems, but it is, at least, a step in the right direction. You have many options to choose from, like co-housing communities, housing cooperatives, and other shared housing communities. The above are just a few of the benefits shared housing offers its residents.

If you are looking for affordable shared housing, we can help you. Stayhaven Homes offers rooms and beds in shared housing serving Modesto, California. We have provided a wide variety of special needs populations with affordable and specialized housing. 

We ensure that our properties and services are of the highest quality. Contact us today to learn more or take a virtual tour online!