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Benefits of Shared Housing at 50+

While it's easy to understand the benefits of homesharing from a logical perspective, not everyone is ready to open their home to a roommate. Most of us had roommates in our twenties, so what’s stopping us from doing the same later in life?


Hesitation About Homesharing

One reason we may hesitate to homeshare in later years is that we're pickier than we were in our 20s. Back then, we just wanted someone to help cover the rent and maybe put some snacks in the fridge. It didn’t matter so much if they partied all night, sang in the shower or worked crazy hours.


Fast-forward thirty years, and these things carry more weight as we become more in touch with our personal preferences and habits. Life is also more expensive than it once was. With the cost of living on the rise and salaries growing at a slower rate, many people are financially strapped.


Rethinking the Concept of Roommates

The good news is that if you’re a homeowner, your home can work for you. It’s often much cheaper to stay in the home you love and rent out your unused space than to try to save money by downsizing or moving. In other words, having a roommate could make a lot of sense—just like it did after college.


At Silvernest, our homeowners make an average of $10,000 a year by renting out a room in their home.  That’s more than $800 a month, and we all know that can go a long way, especially when you want to make home repairs, pay off the mortgage, or even take a dream vacation.


There are other benefits too. Many of us are living alone and studies show that social isolation negatively impacts our health. In fact, AARP research indicates that lacking social connections is as damaging to our health as smoking 15 cigarettes a day. Renting out a room in your home and sharing space can improve your wellbeing, reduce doctor visits and even help you live longer. 


Today, you may have more refined roommate priorities than you did in your twenties, and that’s where Silvernest can help. Silvernest was designed for those over 40 who want an easy and secure way to find a roommate. Our goal is to find you the perfect match for you and your home. It all starts with our compatibility algorithm and what you want in a roommate. We ask the questions that matter most to you—Do you want to live with a man or a woman? Is their faith, sexual preference or hobby important to you? Do you mind if they smoke? Are pets ok? These and many more questions tell us exactly what you’re looking for in a roommate and help us find your ideal match.  


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