Is It Time...?

By
Real Estate Agent with Keller Williams Realty - Topsfield, MA 92593-B

There comes a time when we ALL have to accept that our bodies age. The brain will keep telling us we can still do the things we've always done BUT our body reminds us otherwise. Pam & I bought a ranch house with the knowledge we had no plans on ever moving again. Our biggest issue is where in the house do we move the washer & dryer, now located in the basement.

When it comes to Real Estate the time will come when most will give consideration to downsizing to a smaller house to live out our retirement years. Do we want to continue negotiating stairs, is a big question? Thus single-story living may be a big factor in the decision. So, the question is...

 

Is it Time to Move into a Single-Story Home?

Is it Time to Move into a Single-Story Home?

Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve lived in your home for a while, so making a move while demand for your current house is high could be your best step forward toward the retirement goals you set out to achieve several years ago.

The dilemma, though, is where to go next. A big concern for many homeowners who are ready to sell is finding a home to move into, given today’s lack of houses available for sale. There is, however, some good news: the number of single-family 1-story homes being built today is on the rise, improving your odds of finding the right home for your changing needs. In a recent article, The National Association of Home Builders (NAHB) explains:

“Nationwidethe share of new homes with two or more stories fell from 53% in 2018 to 52% in 2019while the share of new homes with one story grew from 47% to 48%.

Here’s a map showing the breakdown of newly constructed homes being built by region, and the percentage of 1-story and 2-story homes in that mix:Is it Time to Move into a Single-Story Home? | Keeping Current Matters

What are the benefits of buying a one-story home?

Still not sure about buying a single-story home? An article from Home Talk covers several advantages of switching from two floors to one:

1. Energy Efficient

“It is easier to heat and cool a single-story house [than] it would be to regulate the temperatures of a multi-story house.”

Most single-story homes only need one heating or cooling unit, and they typically stay cooler than a two-story home, both of which can lead to significant savings.

2. Easier to Maintain

“Doing a general cleaning in a single story requires less effort and you will be able to see all areas that need cleaning and the areas are easily accessible.”

Cleaning and maintenance of a single-story home can take less time and effort, and better upkeep helps improve the overall value of the home.

3. Accessible for Everyone

“A single-story house can be accessed by anyone, whether they are young children or the senior citizens.”

If you’re looking for a house that provides a safe and easily accessible environment at any age, a single-story home may be optimal.

4. Good Resell Potential

“When buying a single-story house, you should consider the resale value should you think of reselling it in case of a circumstance that can happen. Look at the growth rate of that area. Due to the high demand of these types of houses it is [easy] to resell them and depending on the growth rate of an area, it increases in value significantly.”

Single-story homes have a lot of benefits and are often in higher demand. This bodes well for future resale opportunities.

Bottom Line

There are many benefits to downsizing into a one-story home. Doing so while demand for your current house is high might make it easier than ever to make a move. Talk to your local real estate professional if you’re ready to purchase the single-story home you need while homes are so affordable today.

Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

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FOR SALE BY OWNER - MARKETING(FSBO)
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Tags:
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single level living
ranch home
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Show All Comments
Rainmaker
136,457
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Great blog, Doug and a number of wonderful points on the advatages of a single story home.

Oct 12, 2020 09:32 AM #1
Rainmaker
6,036,633
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We are among those who need to downsize. However, we stopped our search during the current pandemic.

Oct 12, 2020 09:45 AM #2
Rainmaker
907,924
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Roy Kelley 

Will you stay in the Gaithersburg area or move elsewhere?

Oct 12, 2020 09:51 AM #3
Rainmaker
907,924
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Rocky Dickerson As a kid we lived in 2-story homes but I ALWAYS like ranch houses, for some reason

Oct 12, 2020 09:52 AM #4
Rainmaker
3,615,161
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Doug... I took care of that issue by having a two story home, with the master, a guest room and my office all on the main floor. Upstairs are a bonus room, two bedrooms and two bathrooms. I don't go up there except to check that things are in place for guests. :)

Oct 12, 2020 10:13 AM #5
Rainer
45,171
Greg Brown, Sales Rep Toronto, Durham region
Sutton Group Heritage Reallty Inc., Brokerage - Ajax, ON
www.GregBrown.Realtor

We are not getting any younger. We have several communities in Durham Region that are building bungalows with laundry on the mainfloors...

Oct 12, 2020 01:41 PM #6
Ambassador
4,377,604
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Doug- my knees let me know that the fewer stairs the better for me. Our home is a two story with the master on the first floor. In fact, I can go all week without ever going upstairs. 

Oct 12, 2020 03:38 PM #7
Rainmaker
4,018,570
Dorie Dillard CRS GRI ABR
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Doug Dawes ,

Great post with excellent reasons for why a single story is so desired. We built out single story and love it. I grew up in a 2 story and when my kids were little we had a two story. Once they were gone..no question..single story with an open floor-plan to easily navigate!

Oct 12, 2020 03:42 PM #8
Rainmaker
4,482,576
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, when I turned 60, I started thinking of a ranch, but only moved two years ago.  Laundry is on the main floor too.   

Oct 13, 2020 05:20 AM #9
Rainmaker
907,924
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Nina Hollander THAT is a great way to incorporate 1-floor living into a 2-story structure

Oct 13, 2020 05:34 AM #10
Rainmaker
907,924
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

A couple of years ago there was a developer, here in MA, that was building 1700-2000 sq.ft single-level homes. He could not keep up with demand Greg Brown, Sales Rep Toronto, Durham region 

Oct 13, 2020 05:36 AM #11
Rainmaker
907,924
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Kathy Streib it's funny how the knees have a say in things...lol. 

Oct 13, 2020 05:37 AM #12
Rainmaker
907,924
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Dorie Dillard CRS GRI ABR - I like the open-concept as part of the offering. 

Oct 13, 2020 05:39 AM #13
Rainmaker
907,924
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

We're trying to figure out where to put the laundry and get it out of the basement without out it being a major project Joan Cox 

Oct 13, 2020 05:40 AM #14
Rainmaker
4,482,576
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I had one client take a small corner out of the garage, and added onto the house with insulated walls.

Oct 13, 2020 05:46 AM #15
Rainmaker
907,924
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Joan Cox The closet in the spare bedroom backs up to the bathroom and is right above where the laundry is now. BUT that would take ½ of the closet that Pam uses as a second closet for her. Resistance to that idea...lol

Oct 13, 2020 09:40 PM #16
Rainmaker
757,112
Peter den Boer
Atlanta Communities - Woodstock, GA
MBA,GRI, Associate Broker, Realtor

I will be kicking that can down the road for some time. Love my 2 story home on a basement and will put up with some discomfort in order to stay!

Oct 16, 2020 05:32 AM #17
Rainmaker
907,924
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

For many, staying in place is the best decision Peter den Boer 

Oct 16, 2020 06:30 AM #18
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