Co-living is sharing a space with another person or several people. Instead of one living on their own in an individual place, they live with roommates and share their space. It is communal living, which will provide a better quality of life for the residents at a much cheaper cost. Times have changed and real estate and properties have skyrocketed in some places. Nowadays, younger generations are moving in with roommates to allow them to live in a bigger space and still be able to afford the life they want. This opens up opportunities for investors to get in on the co-living game by investing in developments that offer these features and settings. Co-living isn’t just about sharing the space, but about creating a community, working together and being socially sustainable.
Thriving in Fast-Growing Communities
Millennials have a different mindset when it comes to purchasing property. They would rather be spending their hard-earned money on traveling or doing more fleeting things. The newer generations cherish experiences over material possessions. That is why co-living has become so popular amongst them. They would rather thrive in community and grow together than invest in a home. Which gives you, the investor, room to continue doing so and benefit from these investments. Even when it comes to people going on vacation, options now span staying in another person’s house by renting out a room (AirBnb, VRBO), which is another form of co-living but for a shorter term.
The ephemeral nature of today’s generations may seem new; however, it is anything but. Since the beginning of civilization, humans have resided in close-knit communities for survival reasons. It increases efficiency. The human necessity for community and association remains as important as ever. Because of the development over the years, people have gotten more options for housing and a better quality of life. However, they don’t have to go over their head in debt. You will notice more and more people are choosing this lifestyle.
Co-living Develops Collaboration
The thing about co-living, however, goes beyond being just roommates. This new concept is born from the already trending co-working spaces. When developers realized that people thrive in shared spaces and feed off each other’s talents, ideas and personalities, they opened up a market for co-living. This means that people can have their own bedroom and space, but share spaces such as sports centers, meditation areas, recreational activities, working space, cooking space, and much more.
People enjoy living with roommates and sharing their space because it is another way to connect. Travelers immerse in a culture that loves to be as local as possible, whether it is for short or long term. Co-living allows this. Investors who want a return on investment targetting a new market, developments like UNITE are the perfect opportunity.
Invest in Co-Living
This new development bases off the strong sense of belonging to achieve happiness and development. In an effort to bring back social ties under a shared space, BeTulum launches the first-ever co-living space in the Riviera Maya. At UNITE Tulum, developers are convinced that the best ideas are manufactured in an environment of collaboration, which is why they built a platform to bring people together. The project targets a market that values the benefits of living amongst a vibrant, sustainable community that shares spaces to live, socialize and work. However, privacy and comfort are a priority. That is why the 68 condos are in modular blocks distributed across multiple levels.
If you’re interested in joining the co-living movement at the ground floor and benefiting from its huge market reach, contact one of our Buyer’s Representatives for further information. It’s your time to thrive from the smartest investment in Tulum.
And remember, at Top Mexico Real Estate…we make it happen!