Bay Area culture has historically been renowned for its forward-thinking ways and inclusiveness, but with the housing crisis that has plagued the region for the last few years, rent and real estate prices have skyrocketed, now making it one of the most expensive and exclusive markets in the world. According to a study by Numbeo, San Francisco is now the most expensive place to rent in the entire world with a whopping $3,500 average monthly average rental price.
It’s true that the average Bay Area resident will have trouble finding an affordable house or apartment, but living in the Bay Area isn’t as inaccessible as it may seem. Many have shifted their energy from renting houses and apartments to renting private rooms in shared units. Though this idea of housing hasn’t been truly prominent until the last few years, this new way of thinking and living has opened up a multitude of options that have never been seen before.
The Internet has allowed us to have access to a seemingly endless amount of information and resources. It can be difficult navigating the choppy waters of the Internet to find the perfect place to live. Using these tools to your advantage and devising a strategy for finding a new home can help you find your new dream home at a reasonable price.
Here are a few tips to help you find cheap rooms for rent in the Bay Area in 2019:
Choose the neighborhood that’s right for you
The Bay Area is home to different neighborhoods, cities, and cultures. Each of these communities has its own nuances that make each of them exude their own charm and identity. All of them have their pros and cons, but nonetheless, all are intriguing in their own right. Where you decide to live is completely up to you.
A young professional may seek to live in a vibrant neighborhood filled with clubs and cafes in a location that’s accessible to their workplace. Others may want to live in a more quiet, secluded area that still has ample access to transportation options. The neighborhood you decide to live in should ideally complement the type of lifestyle that you want to live. Allow yourself to be strategic when deciding your new home’s location.
The cost of rent shouldn’t stop anyone from living where they want to live, and despite today’s challenging housing economy, technology thankfully allows us to become exposed to more variety of housing options than what past generations have been used to. HomeShare’s ever-growing catalog of apartments in San Francisco, Oakland, and Silicon Valley is sure to cater to people of all tastes and preferences.
Determine your desired amenities and features
It’s true the Bay Area has its fair share of old, dilapidated, overpriced housing, but living on a budget doesn’t mean you have to live in one of those buildings. Some of us can only dream of having a home with a private gym, swimming pool, or rooftop lounge. Just because a room is “cheap” doesn’t mean it can’t have the best amenities and features. You just have to know where to look! By knowing where to look, your dreams can become your reality. A reasonably priced room can still have all of your desired features and perks!
For example, with the influx of money that’s come into the Bay Area, new luxury high-rises have added to the skylines of San Francisco, Oakland, and San Jose, and although these buildings may seem catered for the more affluent audience, these buildings are closer to market price than you may think. Almost all of these buildings have the features you’d expect out of a new luxury apartment. Fitness centers, swimming pools, in-unit washers and dryers, and brand new appliances are just the tip of the iceberg.
The amenities of your new home should be designed to make your life easier while giving you a sense of pride. New co-living companies such as HomeShare have a mission of making cities and luxury buildings more accessible to the everyday person.
Determine your budget
Once you’ve decided the location for where you want to live and you’ve come up with a list of your desired features and amenities, it’s now up to you to determine how much you would be willing to spend for your new home.
According to an article published by SFGate, renting a studio in San Francisco will cost you an average of $2,500 a month. That’s simply out of the question for many Bay Area residents. By seeking a room in a shared apartment opposed to renting out an entire unit, it’s possible to find an affordable home with all of the features you want. By sharing an apartment with other people, you’ll be able to get more value out of your hard-earned money.
Find compatible roommates
An equally-as-important, yet sometimes overlooked factor in searching for a new home to rent is finding roommates you would feel comfortable sharing an apartment with. Those who have lived with incompatible roommates know how difficult it can be getting along with someone who has a completely different lifestyle than your own. There may be clashes over things like conflicting ideals, differing personalities, or cleanliness issues and can cause a great deal of unnecessary angst.
In today’s Internet age, people rely on Facebook groups or website forums to look for new rooms to rent. Unfortunately for many these one-off listings, you won’t know your roommates until you move in. In instances like these, you’ll find yourself with less-than-ideal roommates more often than not.
HomeShare’s housemate matching algorithm has been designed to alleviate these pains. HomeShare has all of its prospective residents fill out a questionnaire before moving in and their leasing agents will also spend the time to speak with them. By piecing together information about a resident’s lifestyle, HomeShare is able to use their algorithm to match prospective residents with other compatible roommates, making sure the best roommates are found for you. Even if things don’t work out, HomeShare will assist you in finding new, more compatible roommates.
Use a trusted source
Now that more and more of today’s Bay Area’s residents are sharing their apartments and houses with other tenants, it’s becoming increasingly important to use a trustworthy source when finding a new home. Today’s generation often tends to find rooms for rent and roommates on sites like Facebook and Craigslist. Oftentimes it’s unclear who your roommates will be or what condition your home will be in. This can cause a great deal of unnecessary stress.
As the Internet is now our primary means of sharing and consuming information, today’s generation relies almost exclusively on websites for all facets of their lives. In today’s world, it’s important to use a trustworthy source on the Internet when it comes to finding a new home. HomeShare is committed to providing the best possible service as possible by maintaining direct contact with its residents.
In spite of today’s skyrocketing rental prices, HomeShare is designed to make city living accessible for anyone who wants to be there and that idea is reflected in its mission statement, “to democratize cities with attractive yet affordable housing”. With its compatible roommate matching for luxury buildings in major markets around the country, HomeShare is built for the modern-day housing economy.
Find your new home with Homeshare! See our available properties and book a tour today.