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Creative Solutions: How'd they do it?
3 ?. R9 U- [* S( p/ @. g+ K2 q! R# oNothing says home like the living room couch
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Alexandra Zabjek
/ X9 w5 P/ C* l% m i# g' @9 d9 FThe Edmonton Journal' A! ^3 ~; I, r, M
5 h4 ~$ s! y- s% qSunday, May 20, 20070 I. a! R& e+ i: C( m c' L9 G, `
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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.
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.4 |# l5 H/ l) j2 t8 W- ]
8 U s0 O& ]' Y/ KLi 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 $275 comes into the picture, it works out quite well."6 K! u2 \6 M8 ]. z
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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n# {6 _9 o) X* P+ ^6 h6 n! cSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.* j$ o- p9 [( r0 ?3 I
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.& G5 U; B# ^- G$ F! l4 |
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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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 H: R6 M9 Y4 @
& I: i. [# K0 H/ W5 S3 O3 a2 n"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.( A/ S, P7 `. F) u0 a# ?
( g, j( B! a0 a" R5 XThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house. l( H8 w q2 u/ q
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"It would be nice to have more space and to have another bathroom," she says.6 s, f- x5 U$ Q g
y# t3 H3 s+ U3 c# G& o- u"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."# ^0 {4 N- c0 s
© The Edmonton Journal 2007 |
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