Are you debating buying a new construction home but can’t seem to be able to choose between a single family home and town house? Although there is many factors to take in consideration when buying a home I will basically go over the investment view on this subject to find out which style of will get you the biggest bang for your buck once you sell. All this data was taken from the Avalon neighbourhood located in Orleans, (Ottawa), Ontario.
I’ve compared prices of homes that sold this year with the price the home was originally purchased from the builders to find the average increase per year.
On average single family homes in the Avalon neighbourhood of Orleans (Ottawa) increased 15.5% on average over the years. On the other hand town homes (row units) in that same neighbourhood of Avalon increase 9.06% on average.
This being said it single family homes in Avalon increased in value quicker than town houses (row units) in that same neighbourhood.
Please note that this research is not scientific and many factors affect home prices and their increase through time. When buying for investment purposes make sure to analyse all factors.
Should you have any questions or would like to sale you current home in the Avalon neighbourhood of Orleans, (Ottawa), Ontario please give me a call at 613-889-7732
Looking for a home in Ottawa? Want to sell your current home? Visit my Ottawa Real Estate website at www.rochstgeorges.com
Direct: 613.889.7732 | Office: 613.837.0011
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