Co-living is a new trend that hasgained popularity in the real estate market for various reasons. Many homeowners are flooding search engines and real estate websites looking for tips on how to sell part of my property. Co-living typically describes living arrangements where individuals with different affiliations and family backgrounds share one house. It is a contemporary concept that has spread across single and micro-family housing units. Homeowners looking to share their homes with others should start by redesigning the space to accommodate a new occupant. Below are insightful tips for redesigning your home for co-living.
Bathrooms are private spaces, and you should prioritize this when preparing to share your home. Private bathrooms are highly sought after by most people looking for co-living housing arrangements. If your home is a single unit with one bathroom, you should plan for abathroom renovation to increase space or extend your home to accommodate a second bathroom. When modifying your home to accommodate co-living, ensure one share one bathroom, to reduce bathroom traffic and improve hygiene.
Renovation projects targeted at accommodated co-living aren’t the same as typical home improvement projects to increase comfort or property value. For instance, most homeowners won’t think of increasing their laundry facilities in their typical renovation plans. However, this is an important feature when renovating a shared space.
Access to laundry facilities is important for every occupant. Besides remodeling to increase the size of your laundry facility, you should also consider installing an additional washer and dryer. Note that having multiple units increases utility costs. Opt for energy-efficient appliances that reduce water usage and energy costs.
3.Parking for Co-Living
You should also look into widening or building a separate driveway and garage before selling part of your property. Potential property buyers expect to park close to their homes for security reasons, which might be challenging if your driveway and garage have limited space. Ensure that you consult a general contractor when making these renovations to ensure your constructions adhere to your local state’s building codes and HOA guidelines.
Most homeowners also don’t think of increasing their storage space when planning conventional renovation projects. However, increasing your home’s storage space is crucial for co-living. Each room should have sufficient storage space to accommodate every occupant’s storage needs. Install additional built-in closets and standing wardrobes.
Co-living is increasingly becoming a preferred option to traditional housing for most people who want to save on housing costs. Homeowners with financial issues or in distress due to bank loans also find selling part of their equity appealing. This is because they get to clear pending debts and retain part of their home.
However, homeowners should make various subtle changes and renovations before putting part of their property for sale. These upgrades should focus on making the new occupant comfortable, unlike renovation projects, such as improving curb appeal, landscaping, andwindow treatments designed to improve your quality of life.
Patricia, like her blog, is not a one-dimensional designer, which is evident in her accolades of 17 national design awards. Over a 38-year career in the industry, she has carved a niche in several areas of design. Licensed in interior design and certified in kitchen and bath design, she offers a full menu of design services ranging from whole house interior design, kitchen and bath design, lighting design, full remodels, commercial design and universal (ADA) design.
Patricia is a sought-after speaker in the industry and has been published in many publications as seen on her interior design firm’s website, https://www.patriciadavisbrowndesigns.com/. She writes for such publications as QuinStreetinc, Relaxed Remodeler, and eHow.com talent offering design tips.
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