Brick house or stucco house? Depends on the investor type



The premium placed on a brick house will also depend largely on the property’s location across Canada. For instance, in Alberta, there is a premium placed on brick houses, because the province’s homes are mostly stucco or vinyl.

Duane Ritter, a real estate agent at RE/MAX in Edmonton, says: “This does depend on a couple of details: Is it only the front in brick or full? What is the cost of the home and its size?

“I would say, on a $500,000-plus home, four or six per cent [premium] for full brick and just on the front would only be one to four per cent. On homes less than $500,000, there will be no extra value, but it usually helps the sale.”

Meanwhile, on PEI, there are very few homes with stucco exteriors, because of harsh weather conditions and exposure to salt water spray.

“Brick, although very durable, is costly because it has to be trucked to the island as we have no factories here and it is labour intensive to install,” says Dianne Bell, broker and owner of Bell Realty.


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COMMENTS

  • by Diane Dozois 2014-12-04 2:03:04 PM

    Anytime a person is investing in a long time ownership of their home Brick is by far the best. I still put a premium on a brick home when I am listing it. Vinyl siding or stucco cannot be compared for sound, wind, durability, etc. Good solid brick does not seem to date itself.

  • by MND 2014-12-05 6:12:29 AM

    Painting of stucco isn't the only maint. Some Caulk is usually necessary annually. Our climate just isn't suited to stucco. It's a cheaper option than brick only prettier than siding.

  • by michael weatherall 2014-12-06 10:00:36 AM

    A contractor friend said he would no more purchase a stucco house than the multitude of leaky ( stucco ) condo's were plagued with here.

    The west coast is no place for stucco..period...soaks up water...holds it....and inexpensive system for surfacing..and too often applied when base ( plywood/osb ) is still damp.

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