As a whole, and especially the multifamily segment, the real estate industry has found the co-living movement captivating. As a result, the market is heating up as demand and products snowball. In addition, workers often spend inordinate income on housing, and a market solution is sorely needed.
MetroSpaces, the proptech company that combines world-class real estate development with leading-edge technology, is shaking up paradigms yet again. This time the shift is coming from their MetroHouse platform. The members-only platform turns traditional real estate assets into a turnkey product in the form of co-living spaces, which nomad capitalists and digital nomads can leverage. The platform facilitates networking, co-working, and sharing of rec spaces.
There are many reasons people are citing for their interest in co-living, including:
Live around others to drive meaningful connection
The ability to live light without buying expensive home furnishings
Reduction in the financial burden
Support of a community
A more profound sense of belonging and connection to group activities
A choice of a broader range of housing may become accessible for the city’s residents, thanks to co-living efforts from MetroHouse.
What the Co-living Arrangement Provides Residents
Co-living brings unrelated individuals to a living space with access to a communal kitchen, bathrooms, and living areas. This residing style also provides house choice for people of different incomes, ages, and professional backgrounds who may enjoy the benefits of living light. In addition, the spaces exist without some of the housing fixtures’ costs and the added support of joint configurations. As a result, city living can be affordable to those otherwise left out of the market.
Consequently, MetroHouse’s marketing of affordable units also preserves the stock of the properties. Whiling rent is climbing in many cities, co-living may present a better alternative to residents. A higher-end experience has been missing for those who may not have the traditional desk job and are looking for a space in secondary cities. A chance to share space with like-minded people can be a massive value for residents and shareholders.
The MetroHouse Environment for Investors
The members-only platform allows real stately owners to achieve new revenue streams by joining the ecosystem. Residents like digital nomads and nomad capitalists may save money over paying rent by living in mutual spaces, creating sustainable revenue growth opportunities. Remote-first work options are increasingly common for professionals today, and MetroHouse allows more high-end options for those who want to enjoy city living.
MetroSpaces and the MetroHouse platform will not solely be inventory providers but will allow third-party owners a co-living base with an income potential that exceeds traditional rent. Co-living is one of the highest growing segments in real estate, and getting in on this business now could mean a considerable return on investment.
Turnkey solutions for members in multifamily residences will allow renting a dedicated space as part of a co-living environment. The company also intends to offer these solutions to third-party real estate owners. There is a much higher income base over traditional rent that improves the overall outlook of the asset. Providing additional NOI to owners allow this opportunity and its marketing to bring tremendous shareholder value.
The Property Owner Experience
MetroHouse also assists with managing and supplying qualifying properties with access to the existing pool of members. A collection of thriving residents who are already focusing on renting properties helps streamline the process for real estate owners.
Providing adequate guidance for property owners allows listing an individual or institutionally owned property. In addition, properties in Spain, the Caribbean, or United States can be vetted and listed, allowing access to MetroHouse members for those property owners.
The assets in the multifamily space are stable and grow while hedging against inflation. In addition, the tremendous value of transitioning properties for the co-living area in secondary cities can truly enhance NOI on these assets. Investors will be pleased to come in with guidance and a supporting pool already in place.
Segments in Philadelphia, cities in New Jersey, and Houston are potentially fertile space for a MetroHouse footprint. Bringing together like-minded professionals and lowering the overall cost benefits investors and residents. The advantage of securing an impression on secondary cities is a tremendous one. Please take a look at the MetroHouse platform and see how its future reshapes city living.
DISCLAIMER: This article is strictly the author’s opinion. All stocks involve risks and the possibility of losing all of your investment. Please consider all risks before investing and consult with an investment advisor if you lack experience. Article provided and paid for by Strategic Innovations First who are paid for by the companies for social media and research information. The companies have not approved or endorsed this article.