Incoming analyst and still looking for an apartment. Curious what peoples living arrangements are. Know many have roommates but wondering what experiences are like with sharing a bathroom (or whether most have their own)?
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Based on the most helpful WSO content, the choice between a 2 Bed 1 Bath and a 2 Bed 2 Bath often comes down to personal preferences, budget, and lifestyle. Here are some insights:
Sharing a Bathroom: Sharing a single bathroom in a 2 Bed 1 Bath setup can work, but it requires good communication and coordination with your roommate. Some people find it manageable, especially if schedules don't overlap much. However, it can become inconvenient during busy mornings or when hosting guests.
Having Your Own Bathroom: Opting for a 2 Bed 2 Bath provides more privacy and convenience. Many analysts prefer this setup as it eliminates the need to coordinate bathroom usage and offers a personal space for hygiene and storage.
Cost Considerations: A 2 Bed 2 Bath apartment is typically more expensive than a 2 Bed 1 Bath. If you're looking to save on rent, sharing a bathroom might be a worthwhile trade-off. For example, some analysts have shared that they keep their rent below 15% of their pre-tax income by choosing more affordable options like flexing apartments or sharing bathrooms.
Lifestyle and Hosting: If you plan to host guests or value personal space, a 2 Bed 2 Bath might be worth the extra cost. On the other hand, if you're rarely home or prioritize saving money, a 2 Bed 1 Bath could suffice.
Ultimately, the decision depends on your budget, how much you value privacy, and your relationship with your roommate. If you can afford it, many find the convenience of a 2 Bed 2 Bath worth the additional expense.
Sources: HOW DO YOU DETERMINE YOUR UNIT MIX?, IB analysts Chicago rent, How much to spend on rent for 1st year analyst?, Housing Prices Rise at a Cost: Fourth Straight Monthly Decline in Home Sales, What's your (realistic) dream home? How expensive is it?
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