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Creative Solutions: How'd they do it?$ Z3 m& c$ X. }
Nothing says home like the living room couch
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2 z/ h7 Z5 g4 u, T }8 }Alexandra Zabjek* j, a0 \! v o! M( B
The Edmonton Journal
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Sunday, May 20, 20079 H% [- q+ U) L: `+ i
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; G& c" r$ D: W4 LStudent 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.
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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 e2 q6 [) K. p6 q
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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 $275 comes into the picture, it works out quite well."5 z( ^( B0 [, Z! V$ {. t# S
9 X" _' i% z" V( qAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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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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`5 j. p6 ?, u/ 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."# a/ b, ?% `1 z" Q
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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) P7 L* k9 S h8 ^2 {# n2 b"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.! [* T/ K" l8 f1 Y+ p2 z: o
}: O" p: O! G9 T& U+ E8 v6 A" ZSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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) N- e8 O/ M7 L5 `+ o5 ?, Y5 L3 EWhen 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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/ O/ U! Z0 V0 F: w8 D# s7 K- ?, S" e: E"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."# |- G1 o/ L& O4 [ m
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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+ `4 @; F! j+ {* n% IThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.: i s7 h3 k1 J+ o; P
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.( R5 o2 D8 s8 g( a, G0 w
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"It would be nice to have more space and to have another bathroom," she says.- O9 }) x1 Q8 T; Z) F0 y/ r
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"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."5 j5 j$ [9 {/ ^ k- `+ j
© The Edmonton Journal 2007 |
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