A shared apartment or home is a sort of housing where 2 or even more unrelated people live together, each person has their own room. The common parts of the house are shared, including the living room, kitchen and sometimes even the bathroom.
This type of arrangement is common for college students as well as for individuals who are interested in renting an entire unit but don’t have the financial means or credit to do so. Shared accommodations often include traditional apartments, townhouses and condominiums, as well as single-family homes.
A shared accommodation agreement involve each individual with their own separate rental contract with landowner. This type of shared accommodation is typically less expensive than renting a traditional apartment or home.
How does shared accommodation work?
Shared accommodation means shared space with others. It’s an extremely popular way to save money and new folks to meet. Shared accommodation can be quite different from living alone, but in general it’s a fantastic opportunity to meet new people while also earning extra income.
Most popular and in demand shared accommodation is as follow:
- Share a bathroom and living area with others
A single room in a share house or apartment, with sharing of bathroom and other facilities. This type of accommodation is available for singles and couples but is most common for young single people.
A separate bedroom with sharing other facilities is ideal for those who desire their own privacy yet who love socializing.
Your bedroom is such a special place as it is the one place you can be yourself. Separate bedrooms in shared accommodation give you a private space to retreat to and create your own personal sanctuary.
The advantages of renting a shared accommodation
Renting a shared accommodation is something that if you are looking for strategies to save money may find this useful. The major reason seems to be that living in a shared apartment is far less expensive than renting a whole home. Therefore, if you want to find cheap accommodation then you should think about getting a single bedroom in a shared property.
Shared accommodation brings many advantages, both financial and social. If you enjoy interacting with new individuals and trying new things, then shared accommodation is probably the right choice for you.
Finding an apartment in a big city is no easy task, especially if you’re on a low budget. Luckily, there are shared apartments, which offer all of the advantages of owning your own space while dividing the costs between several people.
Here are few advantages of renting a shared apartment:
1. You don’t have to pay for everything yourself.
You must prepare to pay extra for rental and other living costs if you really want to reside in the heart of a major city. You’ll have to spend more than if you lived in a small town or suburb. In a shared apartment, however, the rent is divided among several people, so each person pays less than they would if they were renting an entire apartment on their own.
2. You can meet roommates with common interests
There is an entire spectrum of websites and apps that help match people looking for roommates with others who share similar values and interests. There’s even an app for dog owners looking for roommates who also have dogs! If you live in a house with someone else, who has similar values and interests as yourself, chances are you’ll get along great!
In a sharing accommodation, you’ll be surrounded by different people with different backgrounds, with diverse interests and personalities. This will allow you to broaden your circle of friends and meet new people.
3. It’s cheaper
When you rent a shared accommodation, it is significantly cheaper than having your own place to rent. The most obvious advantage of sharing a home with others is that it is significantly less expensive than live alone in an apartment or house. As the cost of living rises, this benefit becomes increasingly attractive.
4. You can share the chores
Living with other people means that you don’t have to do all of the chores yourself. You can take turns doing the cleaning, cooking or washing dishes. And don’t have to pay bills all by yourself. This can save you time and money on hiring cleaners and cooks. All these chores are easier when shared with others.
5. No Upfront Costs
Renting an apartment or house usually requires putting down first and last month’s rent and sometimes paying a security deposit as well. In most cases, you won’t have to do this when renting a room in someone’s home. If this is your first time renting an apartment or house, it might be difficult for you to come up with these funds.
How to find a shared accommodation
Finding the perfect home is like finding the perfect partner, it takes a little bit of luck and a lot of searching but you know that when you find that person/place, your life will be so much better for it.
You undoubtedly have some idea of what’s important to you when looking for shared housing. May be you’d like to live in the center of the city, or maybe you prefer to live somewhere where parking is convenient. Either way, there are lots of features to consider when choosing where to live. You’ll be spending a lot of time here and sharing the space with others, so we recommend that you take your time and ask yourself the following questions:
- Q#1. How much are you willing to pay?
It’s important to set yourself a budget before you start looking for places. You’ll need to think about how much money you have available each week and how much of that is expendable income. Once you’ve worked out how much money you can spend on rent each month, it’s best to divide that amount by 4 so that it reflects how much rent will cost per week. This will make it easier for your landlord or agent to understand what your budget is and whether they can work with you.
- Q#2. What neighborhood would I like to live in?
When choosing where to live, distance and convenience can be very important criteria. If you’re planning on using public transport regularly, make sure the place is close enough to what you need (such as train stations)
- Few other things need to consider
- Be specific in your search
- Talk to tenants
- Write a landlord reference
- Make sure everything is in check before you sign the lease
Shared accommodation is popular because it gives you the opportunity to mingle with others and make new friends. Often, your landlord or property manager will arrange a social gathering for you to meet your housemates before you move in. Many rental agreements for shared accommodation also include bills such as gas, water and electricity.
For international students, shared housing is a fantastic alternative. It’s perfect for students who are getting started at university and want to live among people who could help them to settle. When you rent a room in a shared apartment, you typically pay for your own space or room and use the rest of the house (kitchen, bathroom, living room, etc.) with other tenants.
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