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Creative Solutions: How'd they do it?
8 a- D7 d# Q$ t5 d- qNothing says home like the living room couch, ^) j2 C: M$ J5 }# d0 i
! q& {- w' @# ]* t3 iAlexandra Zabjek$ U. k/ [3 o) g- c% A
The Edmonton Journal+ u6 ^/ [3 i' V+ G9 j; m' q
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Sunday, May 20, 2007
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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.. K5 f6 G/ N0 Y
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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 $275 per month to put his bed in the living room./ F3 C2 S1 E: |. H" b$ b: H
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.1 }# v' w1 k% N( F
! r5 O: N$ B: vSharing 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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$ X+ w, x) N) [7 W% Z* M+ O"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."9 l: Y. Y |# f8 L
/ X# b0 v+ K9 fSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets./ Y3 E2 g% z. U7 r& J1 Q4 C
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.1 g2 Z1 m; P! v; B5 U
4 `: k0 c/ q* L# i$ @* d) pSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE) s0 M7 B( }; q9 c; |9 i' F
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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.8 G4 L4 I7 W+ W) i2 B( `$ t( c% o
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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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! h0 L! w* @ ]! j" ZTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.* X6 k" w0 _6 d0 U
, w' k6 Y. r: n$ DThe 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.' M% W$ a9 G) x1 v! Y8 x9 P
1 I& r4 D" q) LThe 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./ q) X+ i- ~ q# {
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"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."& Y) R9 R3 d( |* Q6 [
© The Edmonton Journal 2007 |
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