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The Pros and Cons of Various Living Arrangements

The current global pandemic has fundamentally changed the way we all go about life, and widespread quarantine policies have placed a heightened focus on modern living arrangements. Because a substantial number of people are currently living under shelter-in-place orders, the intricate dynamics of modern residential situations have been at the forefront of everyone’s minds. As a result, it would be prudent to consider various alternative approaches to housing right away. Here are what the options might look like in the months ahead:

1. Homeownership

Today’s daunting financial projections indicate an overall reduction in the population’s prospects regarding property ownership. Although a potential upcoming change in the real estate market could theoretically change things overnight, it looks like it’s a tougher time to buy a home compared to recent years, especially for first-time buyers these days.

2. Home Rentals

With economic uncertainties abound, leasing is presently being viewed as a more viable strategy for housing right now, especially among younger folks and the working class at large. This option offers extra flexibility and short-term convenience, but it’s also starting to get a bit more unpredictable. Still, rental rates are forecasted to fall in many happening metropolises, which should help restore public demand. To seal the deal, services like Zeus Living provide access to furnished apartments in several major cities.

A. Furnished Homes

Nothing beats moving into your new place without having to lug a ton of furniture. Leasing a furnished home is one of the wisest moves you can make in 2020 and beyond. For those who are currently scaling back their possessions and emphasizing minimalism over materialism, this type of offer represents a revolutionary residential opportunity.

B. Unfurnished Homes

Of course, some renters are simply more comfortable with their own belongings, so unfurnished living spaces will never go completely out of style. Ultimately, it all comes down to personal preferences.

3. Finding Roommates

With economic qualms becoming more prevalent, communal living is inevitably going to witness a resurgence. This historical time is transforming how we view resources as a whole, and a lot of us are realizing that we have way too much space just going to waste. Thus, by sharing an abode with like-minded roommates, it is possible to dramatically reduce your monthly housing costs while consciously promoting enhanced architectural utility.

4. Living By Yourself

In the near future, going it alone will become a much more popular residential choice. With dormitory environments and hospice settings on the decline due to public health concerns, solo living should start surfacing as a viable safety-minded solution. Thus, studios will likely see an uptick in interest, and condominiums could make a major comeback thanks to their compact and sequestered nature.

5. Going Off the Grid

Survivalism is suddenly in vogue, and the camping mentality is totally chic. Depending on your needs, you might actually enjoy the freedom of living outdoors. A lot of us are re-evaluating our priorities during this time, and one common revelation being expressed is that less really is more. Gratitude for the little things like security and warmth will take precedence over a plethora of superficial amenities.

Final Assessment

After the COVID-19 crisis finally passes, the real estate market will look absolutely unrecognizable. There will be a far-reaching societal reassessment of civilization’s core concepts including basics like commerce and community. It’s impossible to tell exactly where the outside world is headed, so most individuals have found it vital to solidifying their interior sanctuary immediately. The onset of this new era brings with it a transformational way of looking at housing.

About the author

Justin Weinger

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