Co-living spaces are more than just 'adult dorms.' They could be a solution to the housing crisis.

"So when he moved from Kauai, Hawaii, to Washington, DC, for a job in political communications, he knew he'd need to find roommates. "I'm a people person. I like to talk to people," Jasper told Business Insider. "I'm a communicator, so having roommates, I feel, is always a plus versus a negative." But moving across the country without knowing anybody is a big undertaking, and he didn't want to go through the inconvenience of finding and screening roommates himself."

"except co-living often comes with a built-in community and more amenities, like cleaning services and fully furnished rooms. Plus, developments often vet roommates for you. Jasper settled on Colette, an apartment development that offers co-living options in addition to traditional units. For $1,400 a month,Jasper gets a fully furnished room in a five-bedroom apartment with access to the same building amenities as other residents, plus included cable and WiFi and cleaning every other week."

Co-living combines private bedrooms with shared common areas, offering built-in community, furnished rooms, and services such as cleaning, cable, and WiFi. Operators and developments often vet roommates, perform background and financial checks, and manage roommate placement to reduce stress and screening time. Residents can rent individual rooms at lower costs while accessing building amenities. Co-living examples include a five-bedroom unit with fully furnished rooms rented for $1,400 monthly with biweekly cleaning and included utilities. Office-to-residential conversions and co-living models can reduce housing costs, reuse vacant commercial space, and expand affordable housing options.

Read at Business Insider