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

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.

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The 9 Most Livable Neighborhoods in Colorado Springs

liveable neighborhoods

Colorado Springs consistently ranks among the most livable cities in all of America. With a great school system, diverse housing, gorgeous natural landscape and plentiful employment opportunities, the area is popular across diverse demographics. There are a number of great neighborhoods in Colorado Springs. Here’s a list of some of our favorites. 

 

  1. Briargate: Located in the city center, Briargate is one of the most popular communities for young families. The area is well-placed near excellent schools, shopping centers, restaurants and a YMCA. The local real estate mainly consists of large homes at competitive prices. The neighborhood is just a short drive of premier employment opportunities. Briargate is also situated near the Air Force Academy, making it popular among military personnel with families.

 

  1. The Broadmoor: Situated in the south part of Colorado Springs, The Broadmoor is one of the city’s safest and wealthiest neighborhoods. Most of the area’s residents are upper-middle-class, white-collar professionals who can afford larger properties. The neighborhood is home to the prestigious Broadmoor Hotel and Resort, known for its tennis courts, golf course and spa. The Broadmoor area features mature trees, manicured lawns, quiet, peaceful streets and an incredibly low crime rate. 

 

  1. Marksheffel: Situated Northeast of the city, Marksheffel has been relatively underdeveloped until recently. With a modern infrastructure now in place, the neighborhood is on the cusp of a growth explosion. It’s a great opportunity for buyers who are looking to grow along with their community; it’s also close to the Colorado Springs Airport.

 

  1. West Colorado Springs: Surrounded by public lands, private clubs and retail and commercial properties, West Colorado Springs offers more affordable real estate compared to other areas. This makes it a nice option for families who want to be surrounded by natural beauty liveable neighborhoods in co springswhile staying close to Colorado College, UCCS and the vibrant downtown area. 

 

  1. Northgate: Located at the northern edge of the city, Northgate sits near the United States Air Force Academy, Pikes Peak Community College and a popular school district. With great educational opportunities and thriving shopping centers, the area is a good neighborhood for families with kids of every age. With quick access to Monument, Briargate and the Black Forest, Northgate also plays host to InterQuest Marketplace, the Bass Pro Shop Center and Colorado Crossing, which features great shopping, distinctive restaurants and movie theaters.

 

  1. Black Forest: The communities in this woodsy area are perfect for parents who want their children to grow up outside amid endless outdoor activities. You can also take advantage of big-city amenities including nearby movie theaters and restaurants while still enjoying a quiet retreat from the fast-paced urban lifestyle. Black Forest is home to Black Forest Regional Park and Fox Run Regional Park. which both provide ample outdoor activities such as biking and hiking.

 

  1. Old North End: If you love history, check out this lovely area north of downtown. The neighborhood is a mix of large, stately properties built in the late 1800s along with several smaller homes built later. There are also a lot of great housing options along neighboring Wood Avenue and The Audubon neighborhood which are all within moments of popular downtown attractions.

 

  1. Flying Horse: This master-planned community offers luxury country club homes from custom builders. Residents enjoy neighborhood shops, local trails, a K-12 academic campus and a beautiful private, 18-hole championship golf course. Flying Horse sits at the northern edge of Colorado Springs and is 50 minutes from Denver. The neighborhood is also well placed near premier employment opportunities in a variety of different industries, including technology, tourism, aerospace and defense, medical, IT, military, manufacturing, sports and education. 

 

  1. Rockrimmon: Composed mostly of small-business owners, white-collar professionals and military families, Rockrimmon is a popular neighborhood for young families. Situated in the Northwest part of town, the area offers easy access to both downtown Colorado Springs and the U.S. Air Force Academy. While it does offer access to numerous modern amenities, the neighborhood also sits amid a gorgeous natural landscape. In fact, it’s not uncommon to spot deer, bighorn sheep and foxes due to the close proximity near several nearby wildlife parks.

 

If you’re planning to buy a home or need help selling your existing property, contact The Wheaton Team. For more than a decade, we’ve specialized in residential real estate in the top neighborhoods throughout Colorado Springs and all of El Paso County. Reach out to our skilled team of professionals and let us help you find the home of your dreams.