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If you are looking to spend longer than a few nights, PGs and co-living spaces are the best options. But which one is better for you? Well, it depends on several factors including your needs and preferences.
Co-living spaces will, however, provide numerous amenities and more networking opportunities compared to PGs. This blog will make a comparison between the two and show you why is co-living better than PG.
What Is Paying Guest (PG) Accommodation?
In a paying guest accommodation, you rent a small portion of a house or a room from the owner or landlord. It is generally a shared arrangement where the landlord offers food, laundry, and other amenities. You just need to pay a monthly rent.
It’s much like a private home-style rental agreement. But, you don’t take any responsibilities of an owner.
You have to enter into a long-term lease agreement with the landlord. That means you can’t move in or out anytime.
You don’t have to manage your cleaning, utility, and other bills. Just pay your landlord, and they will take care of everything.
But you don’t get the flexibility as you can’t move out without much prior notice.
A PG accommodation is perfect for students who don’t have access to their college hostel. It saves money as they don’t have to rent an entire flat or house.
Benefits of PG
A PG offers several benefits:
- Cost-effective since you don’t have to pay rent for the entire household by yourself. You can share it with your roommate.
- Offers strong security as you live in the same household with the landlord and other people
- Access to the local network as you have people around you who can guide you with places to visit and emergency services
- You don’t have to take the pains of cooking. Most landlords provide meals to paying guests.
Drawbacks of PG
A PG accommodation is not free from drawbacks:
- You have no flexibility since you have to sign a long-term lease agreement.
- Since your PG is run by individuals and not a large organization, you have to manage most things on your own.
- You don’t have any assurance of the conditions shown in the advertisement. So, make sure you check everything before moving in.
- You may not get to participate in many community and social events. You might feel lonely if the place is new and you don’t get along with your roommates.
What Is Co-living?
Co-living spaces combine all the advantages of hotels, hostels, and PGs. They give you a unique experience of living in a new city.
Businesses rent out the entire apartment or home to co-living residents. You will share the living space with other like-minded individuals.
Don’t worry. Unlike other rental spaces, they come fully furnished. You get everything, from free WiFi, kitchen equipment, and daily necessities.
Guess what? You will also get to interact with cool people from diverse backgrounds and participate in several community events. So, you will never feel lonely in a new place.
Co-living spaces are perfect for a long-term stay. You get the comfort of your home and the opportunity to network with amazing people. Plus, you don’t have to enter into a long-term agreement. So, you can move in or out at any time with prior information.
Benefits of Co-Living Spaces
Coliving spaces offer a host of benefits:
- Cost-effective because you can opt for a shared living space. Moreover, you get all amenities for a fixed monthly price.
- Interactions with like-minded people from diverse backgrounds and interesting community events will help combat loneliness.
- Excellent networking opportunities with young professionals without paying for any networking events.
- High-security because they are managed by businesses who want to give the best service to their customers. The residents also comply with the rules. Plus, you get cupboard or lockers to keep your valuables safe.
- You don’t have to sign any long-term lease agreement. You have the flexibility of moving out any time with a short period of notice.
Drawbacks of Co-living Space
Despite the numerous benefits of co-living, it has some minor drawbacks.
- It can be noisy at times due to the community events and gatherings. But these events are planned well in advance. So, you won’t get any surprises in the middle of the night.
- There are innumerable companies operating co-living spaces. So, make sure you do your research before choosing one. Check the customer reviews and ask questions to see if the place suits your needs.
What Is the Difference Between PG and Co-living?
The main difference between PG and coliving is that the PG is managed by individuals while the co-living spaces are operated by businesses.
Both PGs and coliving spaces offer you furnished living space. But a co-living space has some additional perks since it is run by a business enterprise.
You may or may not have a social life in PG. However, co-living spaces host regular community events and gatherings where you get the chance to meet and interact with people.
Your PG landlord will give you all the basic amenities. But you will get professional services in a co-living space. It includes a gym, fully stocked kitchen, etc.
Why Is Co-Living Better Than PG?
Who doesn’t want flexibility? A co-living space doesn’t bind you with a long-term agreement. You can move in or move out whenever you wish with a short notice period.
Co-living spaces also provide better services than PGs because businesses are committed to the comfort of their customers. After all, their reputation depends on it.
You will also get high security in a co-living space because professionals manage it.
The community events and the endless networking opportunities form the cherry on the cake. You can make some amazing friends and also grow your professional network.
A hostel offers shared accommodation like dorm rooms. You get access to shared bathrooms and communal spaces. But a PG is more like a private rental space where you enter into a long-term lease agreement with the owner. You will also have a lesser number of people in a PG.
Co-living spaces are perfect for students and professionals. They offer all the comforts of home and a like-minded community of people so that you never feel lonely in a new place.