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Creative Solutions: How'd they do it?
6 y: `7 v- Y7 S! q0 [Nothing says home like the living room couch9 J# k, Y7 Y, \+ n* K! h& @
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Alexandra Zabjek3 B0 s2 c0 G- `+ D
The Edmonton Journal
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Sunday, May 20, 2007
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$ l( \# O- z6 l: t$ K# _& @3 x# QStudent 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.
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8 p* {2 Z5 O# o% t' NLi 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.( P* N t/ V) s! G% v
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."9 A# q4 Y+ D5 J
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.- Q1 ?$ m: y3 m5 N( ~
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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 |- F% v4 j
- E! _1 i# X& i* z7 eSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.4 h! R ~# _% [% V+ W+ E
& u7 p7 B! z& s- |$ A, D8 C"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.% D# ], t1 n* V. h5 J. Z
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE9 C: t1 L4 ^# Q L; 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.3 @9 |5 s7 t" U9 @
7 f9 v2 x! r& E- H9 z+ U"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.") _# m% Y/ O' Y. t
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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1 a* h. f& w! \$ Y" c# \ H% t5 AThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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6 b; w* b7 h+ a- A. Y" E) L9 uThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.# u$ M5 n$ B0 e
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"It would be nice to have more space and to have another bathroom," she says.$ s! u! ?1 q4 `; a' a' G' H
2 n9 _, K6 w8 n5 N" ["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."8 J; \" W4 r, T! E0 G$ |
© The Edmonton Journal 2007 |
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