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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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Sell Your Home With These Quick and Easy Home Repair Projects You Can Do in a Weekend

easy home repair projects

Even simple renovations can make a home seem much more desirable in the eyes of prospective buyers. Here are some easy DIY projects to help pique buyer interest in your home.

Refresh your walls with some paint. You can give drab, washed-out rooms a compelling burst of depth by adding a fresh coat of paint. Ideally, you should try to keep things neutral, so prospective buyers will have an easier time picturing themselves and their possessions in the property. Be sure to prime water stains, crayon marks and other flaws before painting, so they won’t bleed through. You should also choose a nice eggshell or satin paint sheen for the walls and a semi-gloss or gloss paint for trim and woodwork.

Add privacy by installing interior shutters. Commonly used in urban and southern homes, interior shutters add architectural and historical detail to a home. They also filter out overwhelming sunlight, reduce cooling bills and add an element of privacy, especially on windows facing neighboring homes. A quick and easy weekend DIY project, interior shutters are easy to install on any window because they attach to the frame that either sits within the window opening or on the outside of the window casing.

quick and easy home repair projectsReplace fixtures. New fixtures can have a dramatic effect on every room of your home. Whether it’s fresh lighting fixtures, an updated faucet or a new towel rack, even minor enhancements can significantly transform the look and feel of a home. New switch plates and outlet covers allow you to freshen up rooms without having to put forth much effort. You can make these renovations in a matter of hours for a relatively small investment. Many people are shocked when they see just how much new fixtures can alter the aesthetic of their homes. 

Revive an old deck. Years of weather and neglect can leave decks looking gray. That said, even the most hopeless-looking wood deck can be revived. You can use a power washer to “burn” the gray layer away and expose fresh, raw wood. You can then brush on a protective coat of semitransparent stain to shield it from the elements. The end result can be dramatic. Just be sure to always power wash along with the grain of the wood to keep from damaging your deck. 

Add some low-cost flooring. Long before plastic-laminate planks and sheet flooring, there was vinyl tile. Originally designed as an alternative to cheap-looking linoleum, vinyl tile grew in popularity because it was easy to clean, colorful and crack-resistant. These days, it’s available in all sorts of dynamic patterns, colors and textures, making it easy to craft checkerboard designs and floors with compelling contrasting borders. Consider it as a quick, cost-effective way to refresh dining areas, laundry rooms and entryways. 

Enhance your entryway. Since your home’s entryway is the very first thing buyers will see, you should spend some extra time enhancing its appearance. A welcoming front porch can significantly elevate your home’s curb appeal. Add a fresh coat of paint to your front door and dress it up with new hardware. Add a welcome mat and potted plant to your front porch and consider installing outdoor lighting to illuminate the walkway. 

Spruce up your landscaping. Attractive shrubs and colorful plants can add powerful curb appeal to any home. When shopping at your area garden center, however, be sure to “think green.” Choose plants that are drought-tolerant or native to the region. Since these plants require less water, they will flourish without a lot of oversight or maintenance. This will help save you time while you are trying to sell your home and give a you a valuable selling point for busy buyers who don’t have much of a green thumb. 

Boost your backyard. You can easily create an attractive outdoor patio over the weekend by strategically placing flagstone in your backyard. Add potted plants, exterior lighting and outdoor seating, such as a weatherproof bistro set or an eclectic collection of colorful chairs to craft a quaint backyard escape that extends your home’s living space. 

If you’re thinking about selling your home, The Wheaton Team can help. We specialize in residential real estate in Colorado Springs and the entire El Paso County. Let us help simplify the complicated selling process and help you sell your property for a price that meets your expectations. Contact us today to get started!