Finding property

The different kinds of properties that are suitable for coliving.

Kinds of properties

The different kinds of properties that are suitable for coliving – are as follows:

Large villas – Serviced apartments or apartment buildings with many bedrooms – Hostels – Hotels – Motels with common areas.

Examples: Apartment, Bungalow, Cabin, Castle, Chalet, Country House, Cruise, Hostel, Hotel, House, Loft, Motel, Ranch, Resort, Safari / Tentalow, Sailboat, Train, Winery, Yacht…

Converting small hotels or boutique hotels is the quickest approach. Converting private properties has to go through a complicated legal and planning process, which increases the time and cost.

Inspect the property

Be sure to find out how recently this property was renovated. It will show pretty fast if it's been a while, as things will start falling apart, falling off, peeling away, and cracking. Make sure the property owner is responsible for maintenance and that they respond to your communications quickly.

Remember, make sure you do a property check with a third-party professional before signing a deal.

Layout

If you plan to have a coworking space in the same building, see that the social areas are separate from the work area in both audio and visual ways.

Living and sleeping spaces should be upstairs or in a more remote area of the property. This will allow guests to relax more, away from the sound, and truly disconnect.

A good rule is to have about 200-300 sq ft per person in total for sleep & communal areas.

If the space is not well optimized, you may need more.

Parking

Try to discourage people from using cars. Having 20 people park their vehicles around the property may cause a problem and make the neighbors complain.

It’s better to supply your guests with free bikes – or you can charge them a small rental fee.

Communal areas

Suppose you contact hostels, hotels, or motels. In that case, you need to enquire if they have communal areas suitable to relax in and a separate work area with enough power sockets for recharging devices.

Long-term stays

Hotels are often interested in long-term stays and are willing to heavily discount by 50% or more of the daily price when people stay 30 days or longer. Once over 30 days, accommodation is seen as residential – with tax rates going to a lower tax bracket.

Getting people to stay longer builds better communities where real friendships are forged.