Across America, the decision to live with roommates in later years is becoming more common as the economy stagnates. According to the Census Bureau, from 2009 to 2010 the number of thirty-somethings living with non-family roommates rose from 10.6 million to 12 million, which is an increase of 13 percent.
If you’re considering sharing a Santa Cruz home with others, here are some of the benefits you could reap:
• Lower monthly payments: Whether through divorce, widowhood or empty nest syndrome, many people are left with too much house and way too much mortgage debt. One solution is to invite a compatible friend or two to move in and split that mortgage payment. It will also mean splitting the utility bills: win-win.
• Companionship: Sure, you have friends, but after hanging out with them, it can be a bit lonely to come home to an empty house late at night, if not downright scary. Most people enjoy sharing a meal rather than eating alone. And if you get sick, it’s really nice to know somebody will be around to check on you and take care of household basics until you get back on your feet.
• Shared responsibilities: This runs the gamut from cooking, cleaning, home maintenance, yard maintenance… you get the picture. Being the sole proprietor of your Santa Cruz home can be very demanding; it can be a real relief to share the chores and decision-making with others.
• Better health: Studies show that loneliness leads to higher rates of anxiety and depression. Even if you don’t feel lonely, psychologists say that having less interaction with others can raise stress hormones and blood pressure. These are measurable physical effects of social isolation.
• The chance to live in a nicer home or neighborhood. When you split the bills, you can afford a nicer place than when you’re on your own. (Remember Golden Girls?)
If you’re looking for the perfect Santa Cruz home to share with friends, I can help! Contact me at 831.662.6522 or Lauren@LaurenSpencer.com.
For additional information, please visit my website at www.MySantaCruzRealEstate.com.
Living with non-family roommates