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Creative Solutions: How'd they do it?7 u. T \+ M& f9 ]4 T' g
Nothing says home like the living room couch' {8 b4 E: g7 V4 B
3 z% H- L( Y6 n' A i" CAlexandra Zabjek# L9 H: ^2 M" d) ]+ u& o' u
The Edmonton Journal9 Z( t6 {5 ^1 g
0 V- V. u8 A8 u& Y9 fSunday, 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., c" X/ f6 K7 h! S
4 b3 Y" f/ ~5 X, \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 $275 per month to put his bed in the living room.; {$ O$ l) a+ r" p
7 V3 G! f' [* |"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."8 Q0 G& M( B2 W) d0 }
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.8 ~. d9 @# q' G; i5 ^1 C, r+ Q
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.+ [' h* q& x0 H! q
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."3 Q, g: T2 a; R0 w( x2 k& ]6 s
( ?7 a! o0 k* h% pSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.% U: R9 X5 E( n) }: A
# R, H. I5 h6 H8 i+ H' |: K7 f"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE. T3 |+ W# q# z: `! d
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When Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.
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$ o3 @5 _5 e: C7 ?7 q"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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The 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.
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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."( n# h1 M! ^- c' E6 c
© The Edmonton Journal 2007 |
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