The Motivation
Picture opening your front door to a home that bursts with laughter, where you can recount the events of your day to people who truly get you, and where a steady tide of support always surrounds you.
Financial Benefits
Shared households can buy groceries and household supplies in larger quantities, often at a lower unit cost, leading to overall savings.
A collective approach can make it easier to build a shared emergency fund for unexpected household repairs or expenses, providing a safety net for all.
Spreading the cost of electricity, gas, water, and internet across multiple individuals makes these essential services far more affordable.
Rent or mortgage payments, property taxes, and insurance premiums are often the largest single expense. Sharing these can halve, third, or quarter an individual’s burden.
The initial investment in major appliances, kitchenware, and common-area furniture can be divided, eliminating the need for each individual to purchase their own.
Each household accumulates funds in an escrow account to be used in a case of emergency. The maximum amount held is $5,000 per household.
Practical Benefits
Having someone to look after pets, water plants, or respond to an emergency when you’re away offers invaluable peace of mind.
A shared living space typically means there is almost always someone home, deterring potential intruders and offering peace of mind.
From grocery runs to package pickups, housemates can assist each other, saving time and effort.
Access to shared tools, vehicles (if applicable), or even skills (e.g., someone is good at minor repairs) can be incredibly beneficial.
Chores like cleaning, cooking, gardening, and pet care can be rotated or delegated, ensuring tasks are completed without undue strain on one person.
Emotional Benefits
During challenging times, housemates can offer emotional encouragement, practical help, and a listening ear, making difficulties feel less overwhelming.
Knowing there’s someone nearby in case of a personal emergency or illness provides a profound sense of security and reassurance.
Interacting with individuals from different backgrounds or with varied interests can broaden horizons, spark new ideas, and encourage personal growth.
Constant companionship provides a buffer against feelings of solitude, fostering a sense of belonging and community.
From communal meals to movie nights, and celebrating milestones, living together creates a rich tapestry of shared moments that deepen bonds.