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Creative Solutions: How'd they do it?: W2 H! t7 P* l# q
Nothing says home like the living room couch$ U l r3 X8 I/ I: s/ l/ D
0 _! p" T8 h0 a" [7 {7 a1 V! uAlexandra Zabjek' F3 f. T* }/ N4 f
The Edmonton Journal
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, T8 F& a, ?5 J3 Q2 S7 `* F7 V3 b0 KSunday, May 20, 2007
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0 c) C& `$ X& M2 N/ `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.; {7 M3 g: z' D0 e
2 S; D5 |- {$ }2 Z+ XLi 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 $275 comes into the picture, it works out quite well."
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- q1 J3 Q) F; D, {After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."5 u, p! r4 B0 o* N8 K
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.0 C# A- |$ [$ C' p
: m1 @# I( C. \4 K2 H& M"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.! s4 W' N+ q1 j4 M6 O4 ^. B8 D
- h/ W( b5 Y: ?5 i& ESOMEONE 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.
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' A* l& q) v7 [/ X"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, 25.0 |6 h2 _( d3 R" h
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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.% N9 q7 t& O( d9 T i, C/ i
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"It would be nice to have more space and to have another bathroom," she says.% E5 x& S4 {! H7 w: v
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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."1 f& V; G3 j+ j9 ]& R% x1 P' a% s
© The Edmonton Journal 2007 |
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