The Pines at Gahagan a 55+ Community

The Pines of Gahagan is in Summerville, just on the edge of the historic city.

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: “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%.”

The attached photo is  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.

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 interest rates make buying a home  so affordable today.

Southern Palms a 55+ Manufactured Community

Southern Palms is unique in that all of the homes are manufactured, owned by the residents, on lots rented from Southern Palms HOA.

Tour TWO of the model homes at Cresswind in Summerville

In this video, we tour the Ashford and the Beechwood

Fantastic opportunity to own a NEW HOME for $209,00-215,000 in THE ELMS

CRESSWIND Amenity Center at 55+ Community in The Ponds,Summerville, SC

This is a little tour of the amenities at Cresswind, a 55 plus community.

NEW LISTING in The Elms Plantation 55 and over Community $202,900

This is a HOT new property..........the lowest price on the market in this fantastic community for those who are 55 and better............CALL ME, TEXT ME, EMAIL ME, Send a smoke signal...............to see this home. 

Summerville Home JUST LISTED, One Story with Large yard

A tour of Five Homes Listed from $139,900 to $145,000 In Goose Creek

Tour of Condos on Daniel Island.....The last one is wheelchair accessible

A tour of Condominiums on Daniel Island..........all have 2-3 floors of stairs except the last one, which is street level

Summerville Homes in the $250s

A couple of these have the master bedroom on the first floor

Master Bedroom downstairs and 3 more en suite bedrooms upstairs

North Charleston one-story homes From $179,900

These four homes have been on the market for a few months........Is it because they are overpriced, in need of repairs and updates OR just that time of the year?