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Creative Solutions: How'd they do it?
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Alexandra Zabjek
) Y$ G* J. R1 m& {The Edmonton Journal& [& f( s/ u+ W ?. i% V
# @' }7 A. Z; X) WSunday, May 20, 20073 V$ E% Y/ a+ y2 x# ~- b$ b
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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.' w9 L: w) z8 ]- E
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.. \8 @; d+ y' L) f
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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.
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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."8 F# C/ p* n7 j4 b) x3 R
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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.8 ] h+ t7 f5 q8 }
: `4 V) Q5 r6 @& P& S% {& PSharing 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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"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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( K# ^. _% ]: n" E/ }3 h( W" x; ]Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE9 m! D1 q. L# [; {
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When 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.
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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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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0 t% y1 ?/ K( U8 ^6 q" YThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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"It would be nice to have more space and to have another bathroom," she says. _$ n: Y, B! }+ k
) Z% f: j; o; X, m; R& K"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."
# \$ z7 ~% z( d! u© The Edmonton Journal 2007 |
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