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

 

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%.”

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:

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.

Today we have a guest post from Michael Longsdon Elder Freedom @ Empower the Elderly  http://elderfreedom.net. Michael will share some thoughts with us about senior downsizing for a successful move. 

Photo via Unsplash

 

Senior-Friendly Downsizing: How to Ensure a Successful Move

 

Thinking about downsizing in your senior years? After retirement, many seniors find that they no longer need as much house as they once did. And all of those rooms get a little more difficult to maintain and keep clean over the years. Who wants to spend their retirement mowing the lawn, wading through clutter, and plugging away at relentless home maintenance? If you’re considering a minimizing move, here are some tips to keep in mind!

 

Selling Your Home in a Pandemic 

Selling your home is a major part of the downsizing process, and likely one of the more stressful items on your to-do list. To make things easier on yourself, hire a great real estate agent who can take the lead. An experienced agent like D. Lisa West will have all the knowledge needed to market your home and find buyers as quickly as possible. This is especially important during the coronavirus pandemic! If you’re concerned about potential buyers bringing COVID-19 into your home, ask your real estate agent about virtual showings. Thanks to video-chat tours and 3D walkthroughs, it’s possible for buyers to tour homes without ever stepping foot inside! 

When it comes to selling your home, you also have to consider the best day to list it. According to Redfin, homes listed on a Wednesday tend to sell for the most money while homes listed on a Thursday typically sell the fastest. So, it’s important to think about your goals carefully when deciding which day of the week to list your home!

 

Finding Your New Home 

As you begin looking for your new home, think about where you want to live. This is your opportunity to move somewhere that fits your lifestyle and personal preferences.

Besides location, there are a variety of other factors to consider when searching for your new home. For example, how will your home accommodate aging in place? Buying a home with accessibility features will ensure you can remain in the home for as long as possible! Keep in mind that you can make your own accessibility modifications after moving in. You can hire a professional to take on all kinds of home modification projects, like lowering your countertops, adding a stairlift, or replacing showers and toilets. You’ll also need to consider home prices in the areas you’re looking in. Seattle home sales have been averaging $742,000, but you can find a smaller home for considerably less.

 

Decluttering Your Possessions 

One of the most difficult parts of downsizing is decluttering. Not only can decluttering be physically taxing, but mentally exhausting as well. It’s important to approach your decluttering projects one day at a time. Start with a really small section of your home, like a single kitchen drawer or bathroom cabinet, and work from there. The last thing you want is to take on too much and wind up overwhelmed. It can also help to have a friend or family member with you for emotional support and encouragement. You’ll be surprised at how hard it is to say goodbye to stuff you don’t even want!

 

Surviving Moving Day

 Moving day is another hurdle to conquer on your downsizing journey. Again, take it one step at a time. Constellation recommends creating a moving checklist a couple of months out so you can start tackling important tasks well ahead of time. For example, it’s a good idea to book your movers at least two months in advance, especially during the busy summer season. Remember to update your address with the post office and switch over your utilities to your new home. Finally, if you have pets, make a plan with a friend or family member to get them away from the moving action. Once the moving day is over, you’re nearly done with this whole process. All you have to do is unpack and set up your new home!

 

Downsizing isn’t easy, but the result is often worth the work! Think about how your life will improve without the ongoing demands of your large house and the clutter it contains. As you navigate the downsizing process, focusing on your end goal will help you make it through!

Make Your Home Shine For Buyers

I've created a short video to share tips and tricks about making your home shine for buyers.

If you would like to have more conversation about this or any real estate subject, please contact me. 

D. Lisa West

Dlisa@dlisawest.com

206.694.0610

Color of the Year 2020

Did  you know that there is more than one color of the year? Twenty years ago the Pantone Color Institute began the tradition that is ubiquitous in the paint industry. Of course they don't really know at the beginning of the year what that will be but their prediction is based on what they see happening in the world and what's happening in retail and the lifestyle trends of influencers on social media.

Pantone will not release their pick until later in the year, Behr, Benjamin Moore and Sherwin and Williams have release their picks. They believe these colors will reflect the year ahead.

Behar's has chosen a green shade called "Back to Nature" which reflects the world of the great outdoors.

Benjamin Moor's selection is a soft pick called "First Light" because they keep seeing it this color pop up in their travels.

Sherwin Williams's color for 2020 is called "Naval" and is a calming color and always looks good.

It will be interesting to see what colors we spot in homes being listed for sale in 2020.

Remodeling or updating your home in 2019?

Curb appeal continues to be the highest return on investment in the 2019 real estate market. Curb appeal and first impression are central to the real estate professional's estimation of resale value. A home's exterior will either encourage or discourage a potential buyer to look at your home. These impressions will set the stage for what a buyer is willing to pay for in your home.

The top five projects in 2019 according to Remodeling Magazine are:

1. Garage Door Replacement
2. Manufactured Stone Veneer
3. Mid-range Minor Kitchen Remodel
4. Wood Deck Addition
5. Siding Replacement

If your're interested in more information you can use this link Cost VS Value

Should I Sell My Home Now or Wait Until Spring?

Should I sell my home now or wait until spring? This is a common question among sellers. There are certainly advantages to selling now rather than waiting.

The Seattle housing market has been difficult for buyers for several years. There was so much competition for very few homes, that buyers got burned out. They were exhausted by making offers and not getting the house they had counted on. The market has changed and we're seeing more buyers in the market again. One of the differences with a more normal market, is buyers are taking longer to make a decision as well as having home inspections done and seeing more homes before they make an offer. This is to your advantage. Many of these buyers will wait until spring but many are tired of waiting and they want to buy a new home now. There is traditionally less competition for homes in the winter and buyers are ready to make that move.

Mortgage rates are also usually better in the winter. With record low rates for many years, we're seeing the interest rates start to rise and we do expect that trend to continue. Again, a strong reason to consider selling now.

One other important thing to remember is houses are bought and sold every day of the year. Good agents want to help you buy and sell in all seasons. This is a great time to sell and a great time to buy. Give me a call and I'd love to talk about it.

It's Moving Day!

Once you've bought and sold a house it's time to move. Now this can be fun or it can be a dreaded chore. You've change the utilities, you've checked the kids school records, you've made arrangements for the pets while you move. Moving day has arrived. After checking Pinterest and downloading all the moving checklists you think you have this move all organized and are ready. Then comes the first night in your new home. You did find the linens for the beds and the kids school clothes for Monday but oh dear, you didn't think about the first few hours in that new home. My solution is a moving day kit. All you need to do is head for Target or Fred Meyer or even the local drug store and buy a clear storage container. In this box add a few things that you know  you're going to need as soon as you arrive. Several of the items that I want in my kit are:

• Roll of toilet paper
• Hand soap
• Roll of paper towels
• A few trash bags
• All purpose cleaning spray or wipes
• A shower curtain liner
• Shampoo and conditioner
• A few snacks like granola bars
• Pain relievers
• Plastic utensils
• Paper plates, cups and bowls
• Box cutter
• Shower curtain liner

This box can be packed ahead of time and should travel in your car with you to your new home. Now at least you're ready with a few essentials to get the show on the road.