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.

UNIQUE HOME IN THE HEART OF WALLINGFORD!

See this special home today! 

Asking Price $995,000

3 BED · 2 BATH

Uniquely built, this cantilevered design creates angular architecture and many different spaces for living, working, and playing. Featuring three bedrooms and two baths with a space on the main floor for a studio, workshop, office, or playroom. Built in 1982, this home has had the same owner since 1983. Fresh paint and carpets gives the home an updated feel. In the heart of Wallingford, close to shops, restaurants and near the UW, Greenlake, Gasworks Park.

2312 Wallingford

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!

The Real Estate Market in Seattle - July 2020

July was an unseasonably busy month in our real estate market. As my video shows, King County pending home sales went through the roof, up 21% compared to July 2019. The COVID-delayed market has kept buyers in the game later in the season, so August looks to be very active as well. With the right timing and listing strategy, home sellers may well benefit. Connect with me to discuss how this hot market could boost your real estate goals!

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

Our New Step Inside Website is Live!

Our new Step Inside website puts Windermere’s Seattle listings right at your fingertips with video, 3D tours and live walkthroughs using your favorite chat app. It’s the city’s largest marketplace of real estate listings that can be toured remotely using interactive media. Check it out at stepinside.withwre.com and contact me if you’d like to schedule a tour! 

Q2 Seattle Metro Real Estate

Q2 Seattle metro real estate numbers closed where the trends suggested. While available inventory continues to tic upwards, average sales price declined 7%. This is further evidence that our market continues to moderate from the frenzied pace of the past 5+ years.

Today we have a guest blogger, Mike Longsdon. Mike has had personal experience helping his aging in-laws downsize and move. He learned a lot about the process and would like to share some of the things that he learned. If you would like to look for other helpful information on his website, you can find him here Elder Freedom. You can also reach him by email at mike@elderfreedom.net.

3 Ways to Reduce Stress When Helping Seniors Downsize and Move

Do you need to help a senior loved one downsize and move? It’s a potentially stressful task to take on all alone, but with the right help, you can make the process much easier for all involved. You need to think about the emotional and physical ways moving can impact you and your loved one, as well as the steps, like the ones below, you can take to mitigate these issues.

Research Financing Options for the New Home

To finance the purchase of a smaller home, many seniors use the money they make from selling their old house to secure a short-term mortgage, one that has a monthly payment that they can easily afford. As such, it’s important to do plenty of research about area mortgage rates before settling on a loan. Also, as PennyMac explains, veterans can qualify for a VA loan, which allows them to purchase a home with low interest rates and no down payment. Additionally, VA loans may offer additional benefits that government programs do not.

Consider Hiring People to Streamline the Process

Downsizing and moving homes for your senior loved one can be overwhelming. Many times, seniors have amassed a lot of possessions over the years, and sorting through things on your own can be impossible. You need a lot of patience and focus to make the multi-step process go smoothly, or you could think about hiring someone to help. Many seniors and family members opt to use senior move managers to take some of the stress out of downsizing, discarding, and relocating senior belongings. Having this third-party perspective can help reduce the likelihood of emotional tensions when it comes to letting go of unneeded things, and can also give you some extra help planning the rest of your loved one’s move.

Whether you use a move manager, you should definitely think about hiring professional movers to help with the actual move. Hiring move helpers takes the burden of moving heavy items and boxes off of you, and it also makes packing easier for seniors. However, be sure to research when the busiest moving times are and the best moving companies in your area.

Stay Safe When Packing and Moving Items on Your Own

Sometimes, hiring professional helpers just is not in the budget for seniors and their families. If you do need to lend a helping hand to your senior loved one, make sure you do so without risk of injury to yourself. Many people fail to research proper back positioning for lifting heavy objects, such as boxes and furniture, which can result in serious injuries. It’s important to maintain a straight back (no hunching over) when attempting to move or lift boxes, but also take your time in doing so. If something feels too heavy for you, it probably is.

Packing your seniors’ possessions can be emotionally stressful as well, especially if you are afraid of causing any damage. Head to a local home improvement store to pick up some packing supplies, like sturdy boxes, bubble wrap and tape, to get a good start on the task. Then, look online for some handy packing tips that can keep breakable and fragile items much safer during the move. Knowing how to safely pack and ship appliances, glass items. and TVs can prevent unnecessary stress for you and your senior.

Help Seniors With Alzheimer’s Adjust to the Move

For many seniors with Alzheimer’s disease, the need for a big move comes after the loss of a loved one. Addressing the grief seniors feel after a loss should be your primary focus before you begin the process of downsizing and moving. You can use these Alzheimer’s resources to help your loved one (and yourself) work through the complicated emotions and thoughts that bereavement with dementia can bring about.

If your loved one is moving to a new home, it is important to make sure that space will provide safety. The home must be free of objects that could present a danger for those with dementia and cognitive function problems. This includes household chemicals, sharp kitchen tools, and potentially dangerous electronics. Anything that could cause harm to the senior or others in the home should be kept locked in a secure location that is not accessible for the individual with Alzheimer’s. You should also think about whether a nursing home would be a better choice for your loved one to protect the health and safety of everyone.

Downsizing to a new home can be a painful process for seniors, especially following a loss. As a loved one, you can help your senior find peace with this important transition and take some stress out of the process for yourself as well.

Photo Credit: Unsplash

Spring Checklist

One of the important items on your spring checklist should be checking the batteries in your smoke detectors and your CO Detectors. This small but significant step can save lives! In addition, did you know that all fire alarms/detectors should be replaced every 10 years?

New Lifestyle Vision Guide!

It’s time to create your 2019 lifestyle! Let your imagination run wild with my gift to you. Get a free Lifestyle Vision guide here.

Lifestyle Vision Guide 

Clock Hour Video Class!! Press and Record!

Guess what, I'm also now a licensed Real Estate Instructor and I'm teaching my first class about making a video on your phone December 6th from 9:30 am - 12:30 pm.

Content will include best practices of shooting engaging video and also include helpful information such as editing video and types of video that you might shoot for your audience. I'll also talk about how to market your video.


It will be held at:

Windermere Wall Street office
2420 2nd Ave,
Seattle 98121.

Parking is available at 3rd and Wall (we'll give you a parking pass). Cost is $25 for 3 clock hours. You can pay at this link.

PAY FOR CLASS HERE.

I hope to see you there.

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.

HQ2 and Amazon and Seattle Housing

Many of us here in Seattle have been waiting for the news about the new HQ2 for Amazon. The bigger question has been how it will impact Seattle housing costs. Now that the locations have been announced, it appears that Seattle housing will probably not be impacted in the near future. Both New York and Virginia have housing costs that are equal to the Seattle area and both areas also have state income taxes as well as high corporate taxes. Most current employees will not be moving for cheaper housing. The real draw in both cases is most likely the access to talent. In Seattle Amazon has 8,200 jobs listed but there were only 3.200 people in King County actively searching for jobs. Amazon is still hiring here in Seattle and is planning to continue expanding in Seattle and in Bellevue.

The good news about the housing here in Seattle continues to be more inventory and dropping prices. We're starting to see a more balanced market and this will make a better market for buyers in the new year.

It's That Time Again!

Hey folks, it's that time again. yes, I'm talking about fall maintenance.

So what do you usually do when you get ready for fall and winter? Do you pick up your yard, put tools away trim trees?  Sometimes it can feel overwhelming and you don't really know where to start.

I found this great list from the National Realtors Association that will help me make plans and schedule my projects. I think my first project will be to check the chimney.  I do love a good fire for atmosphere and taking the chill off a room. What will your first chore be?

Are you Thinking About Selling?

Are you thinking about selling your home? If and when you are, there are several things that will not help you sell your hme.

Don't over improve.
While you're sprucing up your home for sale you will make a greater return on your investment if you do make some changes like updating appliances or replacing broken cabinets in a bathroom. Remember to not over-improve however. Finishing a space to your taste with color or function will probably not bring bring the return that you're looking for.

Don't over decorate,
Choose neutral colors and schemes, to appeal to the greatest number of potential buyers. Pink and lace may not make the impression that you would like.

Don't hang around.
You will want the buyers to imagine themselves living in the space so don't hang around when your home is getting shown to potential buyers. Leave and take the dog and the kids with you! You'll make buyers uncomfortable if they think you're watching and making judgements while they're in your home.

Don't take things personally. 
Remember that selling a home is personal for you but real estate is a business. Don't be offended when you get a low offer or the buyer asks for money to replace carpets.

If you would like to talk more about getting your home ready to sell, please give me a call or send me an email. I'd love to chat!

Fire Safety and Property Protection

At this time of year we usually don't have much rain and the ground and trees are dry. This increases the chance of fires. For the last couple of years, we also have been plagued with smokey skies and poor air quality. It's a reminder that we need to be vigilant and do what we can to protect our property.

One of the most important items on your checklist will be what wildfire protection experts call a "defensible space" in order to create the most protection that you can during this dry season. Brush and debris are a hazard at this time of year so using a zone system will help you create a safer place.

Zone 1

30 feet from any structure is the first zone of protection. Remove all dead vegetation, dry leaves and pine needles and remove any branches that hang over your roof.  Clean your gutters and have your trees pruned regularly to keep all branches at least 10 feet from other trees. Remember to clean under decks and keep foliage away from your house.

Zone 2

Within 100 feet of buildings, cut or mow the grass down to four inches or shorter. Remove fallen leaves, branches, cones and bark. On trees, remove branches at lease six feet from the ground.

Smoke Alarms

Make certain that all smoke alarms are in working order.

Fire Escape Route

Have an escape plan in place. Know how you're getting out and review plans with all family members including young children.

We all hope that we never have to deal with fire in our lives but being prepared, will make for the best possible outcome if we do have a fire. 

Who Lives in Seattle?

We have certainly seen many changes in Seattle in the past few years. The tech industry and growth of Amazon as well as many other companies  both tech and healthcare has created a population explosion and housing challenge for all of us here. Oh yes, and don't forget about the traffic problems.

The latest reports however show that Seattle is reaching some of it's density and transportation goals for downtown.

This infographic demonstrates how our commuters got downtown last year. This is certainly good news for other folks on the road as well as good news for the environment and downtown congestion.



Since 2010 downtown Seattle has added more than 60,000 new jobs.  We will certainly need more housing and will be grateful to have the new light rail links completed.

Here's to Seattle of the future!