Pricing of remote co-work/live: This is a very valid point @faint-energy-11966 and something that has been on my mind as a consumer. I had floated the idea of remote working community to invest into co-living spaces but it seems very few people are actually working remote with enough conviction to invest. Thus whoever invests has to calculate enough buffer to recoup the money sunk in.
For anyone interested, here is the cost structure I am going with:
⢠Rent for a 3 BHK and a 2 BHK in the same building is 5K + 4K = 9K / month
⢠Toilets are common and Indian style as is common in remote areas
⢠Reconstruction cost for Kitchen (not city style modular, but well fitted) comes to about Rs. 100K
⢠I am joining 5 small bedrooms into 2 large ones with attached toilets, well fitted to city tastes, approx cost is Rs. 200K
⢠Top load Washing Machine, Dishwasher, ~300L Fridge, 3 burner gas oven, Mixer/grinder, utensils, storage for kitchen/toilets, lighting and electrical: Rs. 200K
⢠Working desks, high back chairs x 4: Rs. 60K
⢠Beds, good mattresses, wardrobes, coffee tables for 2 bedrooms: Rs. 70K
⢠Leased Internet from Airtel: Rs. 85K annual for 4 Mbps, up to Rs. 120K annual for 10 Mbps
⢠House keeping will be provided by a family which stays in the same building and will include daily cleaning of rooms and toilets and work space at Rs. 6K / month
Total initial cost: about Rs. 600K
Total running cost: about Rs. 25-30K
Now, if I ask for Rs. 15 K / bedroom (2 bedrooms) which include cost of Internet and working space, even at full tenancy all year round, I am actually making a full loss. And I am still trying to keep the budget at this point.
In reality the only reason I can afford to do this is because I have a very well paying software job. I wish more remote workers invest and we have more places to work from. But I thought there is no other way than to sink in the money and try it myself.