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Creative Solutions: How'd they do it?$ a! n- ~5 ?2 Y
Nothing says home like the living room couch5 {7 K8 t3 }! d
$ I+ |! L' b( `9 aAlexandra Zabjek
& t9 P9 ]( h+ h( U \3 GThe Edmonton Journal7 l# N, [9 D( V; u f
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Sunday, May 20, 2007
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9 P1 n% [, G" ^Student apartments aren't typically luxurious places, but soaring rents in Edmonton are forcing some students to pare down their living arrangements even more than usual.: K; C0 E) d) F- q6 i5 P
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.2 C8 E) S1 P6 M
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Li and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.3 h( @2 W- l7 s5 G0 H+ T
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.# _, E* {/ i& Y( J# t8 _7 ?
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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! S8 l4 k; M0 B( A, d' z* N$ w2 J# ]"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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' P, f/ @. t) Y0 U6 u: u1 c+ p5 mSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.2 r% c( y7 F- G! }5 @8 |9 e# t
+ G* `( G) }# ?$ @; `3 L6 O"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.- P+ p5 ?* I: ~
1 s' h4 D# b% C: h# o/ USOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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5 }( z2 H* _7 E! y; AWhen Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.( G: T$ d3 A, ^* X- t r, ~
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"It wasn't originally part of our plan," Crawshaw says. "But as soon as we started looking at houses and seeing what the market was, we thought that maybe we should consider it."
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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7 N' `8 F8 ~% G) |+ o5 wThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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8 H6 O$ s4 H6 q9 L" N/ ^The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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5 b: C7 G$ X0 j! J) z3 h* R"It would be nice to have more space and to have another bathroom," she says.
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# f7 s$ a) L1 N8 { k. H) x" H"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."; h4 x+ z# m& j: Z" o5 G
© The Edmonton Journal 2007 |
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