Although living within an HMO quickly evokes connotations of cheap, dirty and tired, up and coming ‘Co-Living’ has stunned many. The modern and friendly vibe offers a refreshing taste of what houses in multiple occupation (HMO) have to offer. We’re now well into the 21st century so it’s no surprise that living arrangements are adapting with the times. Although it may seem unusual to some, the advantages to this progressive way of life are creating real intrigue.
Short-term & flexible accommodation
The Co-Living startup is most commonly recognized in America, earning both positivity and controversy. Perhaps the best known of all, ‘Common‘ is a shared accommodation company who claim to offer “flexible, community-driven housing”. The minimum 90 day stay prevents the HMO’s from feeling like hotels. “There’s a real sense of community so you immediately feel plugged into a group of fellow New Yorker’s. We want people living there to look at it as a home”, Founder and CEO Brad Hargreaves reported.
A new way of Co Living within an HMO
Co-living entrepreneurs recognize that young people struggling to get their foot on the property ladder are valuing experiences over possessions. With social media at the forefront of society, few millennial’s shy away from sharing important personal moments with their peers. The close proximity of like-minded people is the foundation of building community, whilst private spaces encourage their individuality. HMO properties can also offer immediate friends for young people moving to a new city. Further, communal living provides a unique opportunity to experience new cultures and expand social links. It’s not just the residents who benefit from house shares, but the surrounding areas too. The combined forces of entrepreneurs, creatives and professionals encourage connections with the wider community which may otherwise be disconnected. The Co-living website offers insight into the basic aims and values of the idea which you can see here.
Simplicity is the key to the modern HMO (House in Multiple Occupation)
All inclusive One of the biggest selling points of HMOs is the all inclusive rent. Direct from the states, ‘hassle-free living’ is spreading throughout the UK. Shared living takes away all of the worries of managing bills including gas, electricity, water and council tax from the tenants. This very simplicity allows a security blanket for young people, ridding of unpleasant surprises at the end of the month. Additionally, the perks of communal cleaners and gardeners only emphasize how life is made simple for even the busiest of people.
Capitum offers a wide selection of properties in excellent locations throughout Nottingham. You can read more about Co-Living with Capitum here.
To find out how we provide the best in shared living contact one of our team today on 0115 740 1800, alternatively you can email us at hello@capitum.co.uk