Coliving is a great way to experience a sense of community where you live. Whether you’ve just relocated to a new town, are a student, or are working remotely, sharing a living space can be a great way to connect with other like-minded individuals. It can also help you save money and get more value out of where you live. Here are some of the perks of coliving to help you figure out if it’s the right choice for you.

It’s Flexible

When you’re new to town and just starting to explore local neighborhoods, the last thing you want to do is commit to an area you may not like in the long run. If instead, you try out coliving Los Angeles or in another big town, you’ll be keeping your options open for settling down. It’s much easier to move out of a coliving situation than to get out of a long-term lease, and you won’t have to worry about leaving roommates in the lurch when it comes to paying the rent when you move out. If you’re not happy with your first coliving spot, you can try out others until you find the perfect fit.

It’s Affordable

Paying for an apartment is typically the single largest monthly expenditure for young people, and it’s not just the monthly cost of rent and utilities that add up. When you rent on your own, you’re typically forking over a hefty deposit and having to invest in new furniture and household supplies to outfit your home. In a coliving space, you’re only responsible for your own monthly fee, and everything you need is typically already on hand. Residing in a shared space can help you reduce monthly expenses without the worry of finding and keeping responsible roommates.

It’s Added-Value

When you’re on the hook for paying for a traditional rental, you may find that many of your preferred amenities are too expensive to obtain on your meager budget. That’s why coliving can add extra value to your living experience; you’ll usually have access to a lot of otherwise unaffordable perks, like high-speed internet, laundry facilities, spas and gyms, and even well-stocked community kitchens. Extras like cleaning services and coworking spaces are often available, too, adding even more value to what you get out of your monthly coliving fee.

It’s Social

Connecting with other people in the anonymity of a major metropolis can be tough. However, if you opt to reside in a coliving environment, you’ll be surrounded by folks with whom you can easily share meals, play games, exercise, and more. While you’ll always have your private space to escape to when you need some alone time, the built-in sense of community that comes with coliving can go a long way toward combatting the isolation you might feel when living on your own.

If saving money, having flexibility, and connecting with others in your community are things that you value, then residing in a coliving environment might be the right lifestyle choice for you.