register | confirm account | forgot password
Jason Thomas BCom
Royal Lepage Summit Realty
2611 Ellwood Dr S.W., Edmonton, Alberta
P: 780.499.5696
F: 780.431.1600
Email

Monday, April 22, 2013 - Basementless homes in Edmonton

Basementless Homes in Edmonton

I am often asked if basementless homes are a good or bad investment in Edmonton.  Generally they are good for resale.  A basementless home is normally much more affordable than a home with a full basement.  I've often had clients that could only find fixer upper homes with basements, or a condo townhouse in their price range.  Often we can find a home in better condition in their price range with the only drawback being the lack of a basement.  I've researched the impact of not having a basement in the Edmonton market.  In the last 12 months, the average days on market is only 3 days longer for a single family detached bungalow without a basement than the same type of home with a basement. 

Basementless homes in Edmonton

So, to conclude would I tell a client to not buy a home without a basement? No. The only time I would do that is if the price for the basementless home is approaching the price of homes with a full basement.  A lack of a basement is like the lack of a garage, it is okay, but the price better reflect that fact.  Feel free to ontact me for more information or questions on Basementless homes in Edmonton.

posted in Edmonton Real Estate Market Reports by Neighbourhood at Mon, 22 Apr 2013 22:12:32 +0000



Archives

Categories


Home Evaluation Button
Button advertising your home evaluation feature
Home Evaluation
MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search
Photo and business card details widget
Jason Thomas BCom
Agent Photo
TelephoneOffice Phone:
780.499.5696
TelephoneFax:
780.431.1600
Email MeEmail:
Data last Updated: 2021-03-05 at 21:14:06 GMT America/Edmonton
This site's content is the responsibility of Jason Thomas BCom, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2021, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker