When you are finding a place to put up, paying accommodation (PG), hostels, and co-living spaces are the most pocket-friendly choices, and especially if you are looking to stay for more than a couple of nights. But all of the three places are used for very different purposes.
In the following blog, we have put together the differences between PG, hotels, and co-living spaces, and compared the advantages and disadvantages of each one to help you to choose which one is best for you.
What Is Paying Guest Accommodation (PG)?
Paying Guest accommodation is a person who lives in someone else's house and pays for food and accommodation. In PG, you live with the owner, who provides you with basic amenities such as food, laundry, for rent. In PGs, there are various options such as best gents PG and luxury ladies PG based on your needs.
Benefits of luxury ladies PG and best gent PG
Cost-Saving PG: Is the best option for those who can't spend their money on renting the entire household.
Access to the Local Network: When you are living in a PG, you are surrounded by local people in the area who can provide you insights on where to go and what to do.
Strong Security: When you are living in an apartment space, you must trust your owner.
Also Read: The Rising Trend of Co-Living Spaces
What is a Studio Apartment?
A studio apartment is a much recent concept and is gaining massive popularity worldwide. Also known as a co-living studio apartment, these places are compact and small, making them cost-friendly. You can probably find every essential in these apartments, making it perfect for student housing.
Benefits of a Coliving Studio Apartment
Pocket Friendly: It is an affordable option for those who do not need luxury, co-living rooms. Also, these studios have lower utility bills than apartments.
Privacy: It is a single unit living system, so you have your full privacy to yourself.
What is Co-living-?
It is a mixture of PG, hostels, traditional leases, and Airbnb's and offers the best of all. Co-living places are operated by businesses firms who rent the whole place to co-living residents. Co-living spaces are ideal for longer stays.
You just need to sign a flexible lease contract, and you are all good. Also, when you are living in a co-living space, you are not expected to be responsible for any of the utilities or maintenance of the unit. You will find various co-living options as well, such as co-living luxury rooms, couple-friendly Co-living rooms depending on your needs and budget.
Benefits of Co-living Spaces
Cost-Saving: Co-living space only offers private co-living rooms, couple co-living rooms, and provides you with unique opportunities such as a pool, and working space.
An Inspiring Community: People from different backgrounds from all over the world gather here to share similar values.
Flexibility: As one does not need to sign a lease agreement, it is quite flexible for them to move in and out. Also, you need just to give notice before a short period before you move out.
Which Option is Best for You?
The best choice depends on what you are looking for. PG and co-living spaces are accurate for longer duration stays, and studio apartments are better for short term stays.