return on new vs previously owned homes

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How do I project rents on a rental?

If you are buying a Lethbridge rental income property and applying for a loan to do so, the lender will require an area rent survey by a certified appraiser. The amount a landlord can expect to receive in monthly rent largely depends on what the property has rented for in the past, the condition of the building, its location and the current housing market.

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Contact Information

Courtney Atkinson

Century 21 Foothills - Atkinson & Associates

204 - 515 7 St S

Lethbridge, AB, T1J 2G8

Cell: 403.795.7777

info@courtneyatkinson.ca

return on new vs previously owned homes

What is the return on new versus previously owned homes in Lethbridge ?

Buying into a Lethbridge area new-home community may seem riskier than purchasing a house in an established neighborhood, but any increase in home value depends upon the same factors: quality of the neighborhood, growth in the local housing market and the state of the overall economy.

One survey by the Canadian Real Estate Association shows that resale homes do have a 4.3% edge over new homes.

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