Investment

New Master Suite: Worth the Investment? – MSN Money

Published

4 years ago

September 12, 2020

Some homes come with a dedicated master suite, but if yours doesn’t, it’s an investment you may be contemplating. A master suite could give you more privacy, added storage, and a place to spread out. And if you’re flipping a house, it certainly pays to consider putting in a master suite, as it could be a draw for buyers. But is a new master suite really worth the investment, or are you better off spending your money on something else?

What exactly is a master suite?

Many homes come equipped with a master bedroom — a larger room that has its own bathroom attached. A master suite, on the other hand, implies a larger space that isn’t just limited to a single bedroom and bathroom.

Often, a master suite will have a separate sitting room, sometimes with an area large enough for a sofa. Or, a master suite might have an alcove with an oversized walk-in closet and dressing area. You might even find a fireplace in a master suite. The more high-end the features, the more a master suite addition is likely to cost.

Is a master suite worth the money?

A new master suite generally won’t come cheap. The average cost to put one in is $150,000, according to the National Association of Realtors (NAR). But the average amount of money recovered from that investment is just $75,000, which means that if you build a new master suite, you’ll only get half of your money back in resale value. It’s perhaps for this reason that only 3% of Realtors have suggested that sellers put in a master suite before attempting to sell their homes, and less than 1% of Realtors say that this specific project has helped close a sale.

Should you put in a new master suite?

If you’re flipping a house, you may not get a lot of resale value out of a master suite addition, so you might instead want to focus on renovating an existing master bathroom or on another project that’s likely to appeal to a wide range of buyers, like a kitchen remodel or new hardwood flooring. For many buyers, a basic master bedroom and bathroom is enough to satisfy the requirement of having a separate, private space, so a master suite shouldn’t top your list of priorities.

On the other hand, if you’re thinking of adding a master suite for your own enjoyment, that could be a worthwhile move despite the limited return on investment. A new master suite could serve as your personal sanctuary at home, and if you have young children, it’s hard to put a price on having a nice space to escape to.

Remember, home improvements aren’t always strictly about recouping money. If there’s a project that will help you live more comfortably in your home, like a master suite addition, it could be worth pursuing regardless of the finances involved. Just be sure that if you go this route, you don’t expect to recoup your full investment once the time eventually comes to sell.

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Economy

S&P/TSX composite down more than 200 points, U.S. stock markets also fall

Published

1 week ago

September 6, 2024

Anne Joseph

TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.

The S&P/TSX composite index was down 239.24 points at 22,749.04.

In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.

The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.

The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.

The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.

This report by The Canadian Press was first published Sept. 6, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

S&P/TSX composite up more than 150 points, U.S. stock markets also higher

Published

2 weeks ago

August 29, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.

The S&P/TSX composite index was up 171.41 points at 23,298.39.

In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.

The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.

The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.

The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.

This report by The Canadian Press was first published Aug. 29, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Investment

Crypto Market Bloodbath Amid Broader Economic Concerns

Published

1 month ago

August 5, 2024

Harry Miller

The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.

The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.

Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.

The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.

Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.

Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.

Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.

Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.

The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.