Co Living Design
Take advantage of the ever growing community living trend with high quality co living furniture that your tenants will love
The Co Living Lifestyle
The co living lifestyle is becoming ever more prominent in the UK. Steadily rising housing prices, and issues with availability in urban areas have meant that many young professionals are simply unable to afford or find a place to call their own.
Another factor fuelling the co living phenomenon is the changing nature of society. More people are either working remotely or splitting their time between home and the office, creating a greater need for a sense of community and belonging. Co living offers all of this, and much more besides.
Although it may not seem like it, the core concept of co living is nothing new. Purpose built student accommodation has been around for decades, with residents having private bedrooms and shared access to communal kitchens and lounging areas. With co living, additional recreational areas are added to the mix — such as gyms, coworking spaces, coffee shops, restaurants and cinemas.
Everything tenants could possibly want is under one roof, giving them the perfect combination of community and privacy. All of this makes co living a fantastic choice for landlords looking to diversify their portfolio and make a greater return on their investment.
Your Next Project
Elevate communal living with LOFT's collaborative design solutions. Foster community and comfort. Contact our experts to discuss your co living space.
Co Living Design in Action
Get a behind the scenes look at LOFT’s involvement with Scape, the award winning co living development in Guildford.
The benefits of Co Living for landlords
From high demand for properties and a greater level of control, to the prospect of higher returns on investment and guaranteed year round income, there are many benefits of co living for landlords to enjoy. With so much on offer, now is the right time to consider adding co living spaces to your property portfolio.
In Demand
The concept of co living is becoming ever more popular. With young professionals eschewing traditional forms of renting in favour of the greater flexibility and financial security that co living provides, this represents a perfect opportunity for landlords to cater for this emerging market and reap all the benefits it can bring.
High returns
It’s estimated that tenants can spend around 35% of their income on rent, and with graduates or other young professionals earning considerably more than university students, it quickly becomes clear that co living will be more profitable. Because rent is payable on the individual bedrooms rather than the whole property, there’s even more ways of profiting.
Greater control
Additional services such as cleaning can be offered as part of your all inclusive agreement with tenants. Not only does this mean they are relieved of the mundane chores associated with keeping the place presentable, but it also ensures you can be confident that your property will be in pristine condition at all times. Complete peace of mind for you.
Year round income
While student accommodation remains a great source of income for landlords, the fact of the matter is you will only be able to collect rent for up to ten months in a year, while the rest of the time is often spent repairing any damage. Co living means you’ll receive income each and every month, reducing the hassle and ensuring there’s more money in your pocket.
The Essential Furnishing Handbook
Download our guide on standing out from the competition and attracting high quality residents.
Meet our Co Living design team
Our team are experts in designing for shared living. Benefit from the knowledge of our award winning designers and ensure your co living design plans will appeal to the market and attract your ideal tenants.
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Co Living FAQs
What is Co Living?
Co living is a community living concept where residents have a private bedroom, often with an ensuite, in a furnished dwelling with shared communal space. It is extremely popular amongst young professionals as it enables them to split the cost of amenities and engage regularly with other like minded people.
How Does Co Living Work?
Co living works on the premise of openness and collaboration, often with a focus on shared spaces and values. The concept can take many forms, from large developments with luxury amenities, to smaller single family houses. It offers residents the opportunity to reduce costs and have more flexibility with short term leases.
Is Co Living Worth It?
The concept of co living offers tremendous benefits for both landlords and tenants alike. It provides landlords with an opportunity to maximise their investment by catering for more tenants per property. Residents have fewer commitments, can share costs, and experience living with compatible individuals whose company they can enjoy.
Can I Rent Co Living Furniture?
Absolutely. It’s entirely possible to rent co living furniture if you would like to avoid the expense and hassle of purchasing everything outright. We offer an extensive collection of co living furniture packs that provide everything you could possibly need for your property. Find out more here.
