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The Hildreth Group
Cliff Hildreth, The Hildreth GroupPhone: (661) 904-1194
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Is it Time to Move into a Single-Story Home?

by Cliff Hildreth 10/06/2020

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

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

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:

“Nationwide, the share of new homes with two or more stories fell from 53% in 2018 to 52% in 2019, while 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? | MyKCM

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. Let’s connect if you’re ready to purchase the single-story home you need while homes are so affordable today.

About the Author
Author

Cliff Hildreth

Hi, I’m Cliff Hildreth, Broker/Owner of The Hildreth Group In Los Angeles, Ca.

If you are a buyer or seller who lives near the Santa Clarita Valley, San Fernando Valley or Los Angeles Area or if you are looking to relocate to our area, I am happy to assist you! Real estate is one of the largest and most exciting investments one can make. I am here to make sure that your process is a fun and rewarding one!  I am a luxury specialist in our community and I would be happy to help you with all of your real estate needs!

Throughout my website you will find many useful tools to assist with buying or selling a home. I am dedicated to providing the finest service available, and my website can be a great resource for you to use free! You can check out my Video Gallery for useful information about both buying and selling a home!

Whether you are in the market to buy a new home or sell your existing home, I will take the time to listen to your needs and desires to help you fulfill your goals. 

I continually work with people throughout Los Angeles and Orange County.

Let me help you attain your real estate goals!

All the best.