Shared housing, or a home share, is when two or more people live together for mutual benefit. Housemates, flatmates, lodgers—no matter what you call it, aging in place with a roommate is an option more and more seniors are choosing.
Are you a retiree considering shared housing? Wondering if a roommate is right for you? Let’s talk about all of the pros and cons!
With the cost of living continuing to rise, it’s no wonder why seniors have been choosing shared housing as a lifestyle. Splitting expenses like rent, utilities, and groceries can be a huge help for those living on fixed incomes. Here are some other PROS to consider:
Of course, aging in place with a roommate may not be the ideal lifestyle for everyone. Some CONS to consider are:
Do you need help with retirement planning? Then, visit Bob Carlson’s Retirement Watch.
Originally published December 08, 2022