Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
Co-housing is creating a community by creating private homes around a shared area. These attached or independent family homes have standard amenities and a private kitchen. In a functional co-housing system, the residents collectively participate in designing and developing the community in keeping with their needs.
While living in a co-housing community, the residents work on creating a neighborhood incorporating specific values. These values covey the members' shared vision to live in a particular way.
Essential Characteristics Co-Housing System Are:
• It presents a harmony between privacy and communal living.
• Developments happen between 10-40 households. Such arrangements make communication effortless.
• In co-housing sytems, the residents collectively make decisions and approve them.
• The residents of such a community are all-inclusive and a part of the broader community.
In a co-housing system, residents share responsibilities and enjoy shared ownership. They design the space following the group individual needs and have shared independent areas. The individuals living here share the tasks such as cleaning, gardening and maintaining the living areas. They also cultivate the food that they consume.
Investing in co-housing structures can be profitable for real estate developers and agents. They can work on developing systems designed for particular age groups, such as senior citizens or college-going students. Developers can also work on specializing in co-housing systems and provide comfortable accommodation and companionship to those who are in need.
Investing in co-housing projects will be profitable and cost-effective for developers, leading to increased financial benefits. Co-housing is the best accommodation option for people suffering from loneliness and isolation. And with the community of lonely people needing emotional support, investing in co-housing projects will surely be a profitable business.
