I’m a Senior. Is Shared Housing for Me?

As we enter our golden years, we ask ourselves if we’re ready for the next step in life. For many seniors, that means evaluating where they will live. Many factors can impact the right choice, such as living with family, moving to a retirement community, or remaining in an independent living situation. Shared housing is gaining popularity among many seniors. But is it the right choice for you? Here’s what you need to know!

What is shared housing?

Shared housing is simply an arrangement in which two or more seniors share a living space. They share common living areas but have their own private bedrooms and bathrooms. Shared housing caters to seniors who aim to age in place while reducing living expenses. This living arrangement allows seniors to share services such as maintenance and housekeeping while enjoying greater companionship and independence. There are four types of shared housing arrangements. These include:

• Staged shared living
• Intergenerational living
• Community-shared living
• Roommate-matching services, such as Roomi or SpareRoom

Benefits of shared housing

Reduced living expenses are the first and obvious benefit of shared housing. Of course, another advantage is companionship. Seniors share common areas and activities, decreasing the risk of isolation. Additionally, the shared housing option promotes independence, reduces stress, and facilitates a strong sense of community. Also, shared housing can offer seniors support and assist in essential activities and daily living chores.

Drawbacks of shared housing

Of course, shared housing may not be ideal for everyone, and it’s important to consider the potential drawbacks. Seniors who love solitude and autonomy may not enjoy shared housing. Despite companionship opportunities, some seniors may find the communal atmosphere too stimulating, distracting, or overwhelming. Additional conflicts may arise, such as arguments over household maintenance, cooking, and cleaning. Decision-making may pose a challenge and could lead to disagreements. Make sure that your new housemate is someone who respects your space, agrees to share responsibilities, and gets along well with you and others.

Is sharing house right for you?

Shared living arrangements may appeal to different people for different reasons. For example, someone who cannot afford to live independently on their own may benefit from this arrangement. Meanwhile, social butterflies will surely flourish if they have a housemat! Additionally, those who require support with daily living activities may consider it as an alternative to aging in place. If you’re interested in shared housing, discuss the option with family members or friends. Of course, you can also find more information about shared housing HERE.

Looking for more?

Looking for more information on shared housing? Then check out these great articles next:

• 5 Reasons Seniors Should Choose Shared Housing
• Roommates for Boomers: 5 Ways Sharing Your Home Can Save You Money
• The Pros And Cons Of Aging In Place With A Roommate
• Shared Housing For Seniors And Retirees: Where Do I Start?