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Creative Solutions: How'd they do it?
4 m9 w0 Q, d- L. D j' XNothing says home like the living room couch# [( n3 Y: A1 @; ~9 j
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Alexandra Zabjek
% [7 E; @4 o6 o+ J4 \The Edmonton Journal
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2 {& F0 L: E' _% G8 gSunday, 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.
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick./ P8 o$ n# m0 x/ Z7 V# p
; j2 A% w1 h! v5 S% R+ KLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.
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2 T+ A( }" p! `$ ^"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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8 S' t0 r& b2 K8 V/ S9 ` q"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."$ v! a- i. a8 f9 o
! k: N; O/ @* BSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.0 A$ }8 J" r- c: a
4 A2 z; V* X) \( D"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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) p. c% D5 ^+ `, F+ s! P. iSOMEONE 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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7 L, A8 B/ g- L3 s1 _- C"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."$ t" @! L2 r0 y2 h8 H4 \7 `- S
2 F8 ?+ J1 o% f0 ]2 BTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.! H" d, v. t7 I, E
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.0 D7 c7 Q1 A5 ~9 }# @' ?6 S* m! }3 [
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.! A: ~9 P4 t& v, g
( F Y, e% t! K) E* Y( D6 v( E2 S# L"It would be nice to have more space and to have another bathroom," she says.6 Z$ p* u$ P6 L# g0 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."% @6 u# j2 e$ U
© The Edmonton Journal 2007 |
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