“Many new homes will have brick-facing exteriors for aesthetic purposes, but will use vinyl or – more recently – hardy plank for the bulk of the construction, although it has been reported to have not done well with our weather conditions and the manufacturers will not guarantee the product here anymore.
“So, cost-wise, I would think a solid brick home would be more expensive per square foot than stucco, and cost a premium of at least 10 per cent.”
Back in Ontario, Tahani Aburaneh, founder and broker at Urban Living Realty, says, when it comes to the valuation of properties, the difference is minimal and mostly depends on the buyer’s preference, though her experience contradicts the poll’s findings.
“When you look around at all the higher end properties, stucco or stone is what is on the outside,” she adds.
“Brick is most common on average homes and sometimes combined with siding. So it goes like this price wise: siding, brick, stucco and stone is most expensive.”
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Nairn, St. Leonard, Shemogue, Tecumseh, Ancaster