The road to homeownership is a dream of many Americans, but settling down in a white, picket-fenced house in the suburbs is not as easy to unlock in today’s rising housing market. The good news is that there are different housing options for people with different lifestyles and incomes, so one of the best choices for aspiring homebuyers who are strapped for cash includes shared housing.
What is Shared Housing?
As the moniker suggests, shared housing means two or more people are living under one permanent rental housing unit. In layman’s terms, it’s basically like having a roommate since you share all the housing costs—from the electricity bills, utilities, rent, and even the groceries.
While it sounds like the kind of living condition most college students experience, shared housing is actually common in California as a way to survive a state with one of the highest costs of living in the U.S. With that in mind, shared housing serves as an affordable solution to this pressing problem as it allows people to settle in safe homes and achieve a more comfortable living experience.
There are a lot of misconceptions and hesitations regarding shared housing, but we’re here to dispel these myths by shedding light on what it truly means to live with other people:
What You Should Know About Shared Housing
- Shared housing is not something to be ashamed of, especially since it allows struggling people to live in a more comfortable and safer neighborhood that they can afford for years to come. Just imagine how it can also help people transitioning from homelessness since aside from affordability, the people they live with can also act as an excellent emotional support system.
- Shared housing allows for flexibility, which means you can adjust your living arrangements based on what you and your roommates find fair.
- One of the biggest benefits of shared housing is its affordability, allowing anyone from different backgrounds and demographics to finally settle into a permanent living space. It can even be more affordable than renting smaller units since you can divide the costs with anyone you can live with for the long run!
The Bottom Line: How Shared Housing Makes Homeownership More Accessible and Affordable
Shared housing sounds complicated, but there is nothing wrong with opting to live with other people. Whether they’re your extended family, friends, or even roommates you found online, shared housing makes it possible to live in your dream home without breaking the bank!
Are You Looking for an Affordable Room and Share in California?
Reaching the American dream of settling down in a home can be a daunting reality for many as housing often comes at a hefty price, but finding an affordable space is even more challenging for demographics, including the disabled, seniors, veterans, and other populations struggling to make ends meet in some way or another.
Stayhaven Homes bridges the gap in the market by providing cost-effective options—from room share home and more. Contact us today at 209-280-0776 to see what we can do to make homeownership possible for you!