Now That You Are An Empty-Nester, Is A Single-Story Home For You?
As parents, we all come to the point where the kids have all grown and left the nest. As an empty nester, you may be wondering what the next steps of homeownership look like for you?
For some empty nesters, owning a two-story home with extra bedrooms is no longer a necessity.
It might be a good time to sell your house and RIGHT SIZE to a single-story home as you move into your golden years. Purchasing a one-story home may check all the boxes and give you long term benefits. And if you are wondering if there are enough one-story homes available you will be glad to learn that the number of single-story homes being built today has risen, improving your odds of finding the perfect home for your changing needs.
According to the National Association of Home builders “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%”. So, what are all the benefits of buying a one-story home and why are they so popular with the older generation?
1. Efficiency. They are energy efficient and easier to heat and cool than two stories.
2. Maintenance. They are easier to maintain - generally cleaning requires less effort.
3. Accessibility. They are accessible for everyone regardless-including young children or seniors.
4. Value. They usually hold their value well in regard to resale value as they are often in higher demand.
If you are thinking of downsizing into that perfect one-story home, let’s connect so I can help you make that opportunity a reality.
Whether you want to sell your existing home, buy your first home, upsize, downsize, purchase a vacation home, or just talk about options, a real estate professional is your best source for information based on current trends in our area. If you're interested in learning more about the 2022 real estate forecast, don't hesitate to reach out - we're happy to help!