5 Reasons Seniors Should Choose Shared Housing

Hey, Boomers! Shared housing opportunities continue to grow! Are you in on the retirement lifestyle trend?

What IS Shared Housing?

Shared housing is when two or more people share a living space for mutual benefit. There’s usually a head-tenant (the owner or renter of a property) and one or more sub-tenants. Call it what you want: roommates…housemates…if you’re picturing The Golden Girls right now, you’re definitely on the right track.

Why Should Seniors Choose Shared Housing?

More and more seniors are choosing shared housing as their retirement lifestyle! And, with factors like rising costs and an unfavorable housing market across the country – it’s really no wonder! But, in case you weren’t already convinced, here are 5 great reasons for you to choose home sharing!

1. Companionship

Did you know that nearly one-fourth of adults over the age of 65 are considered to be socially isolated? A shared housing situation can easily provide you and your roommates with the friendship and camaraderie essential to emotional health.

Related: The Pros And Cons Of Aging In Place With A Roommate

2. Safety

Living with roommates means fewer chances for accidents and falls to turn serious. Helping hands nearby, even if it’s to just make a call, can make all the difference in a potentially dangerous situation.

3. Continued Independence

Home sharing can keep you independent longer. How? Maybe you’re unable to drive, but your housemate can. Or, perhaps you can keep one another organized with medications and tasks like paying bills on time. After all, they say, “two heads are better than one!”

Related: 22 Ways For Retirees To Stay Social In 2022

4. Shared Responsibilities

Retirees don’t want to spend the most relaxing time of their lives cooking, cleaning, and doing yard work all day every day. Shared housing means shared responsibilities! Housemates can lighten the workload and leave more time to enjoy retirement.

5. Shared Costs

Life is expensive. And, sometimes it can feel even more expensive once there’s no steady paycheck coming in. Sure, you have Social Security. And, maybe you have retirement savings built up. But, inflation happens and when you’re living on a fixed income, it can be worrisome. When seniors home-share, they can split costs to save money. Rent, food, utilities…it can all be affordable when someone’s helping out!

Looking for More?

Whether it’s time for a change, or you’re just doing some research, we can help! To get started, visit the Shared Housing Directory.

Looking for more great articles? Then start here!

Need help with retirement planning? Then check out Bob Carlson’s Retirement Watch!