For many decades, a double-decker home design carried a cachet of success. It declared that success as: a family so full, two whole floors are required to house everyone; expansive yard space to celebrate leisure time outside at the barbecue; and a separation of formal spaces (downstairs) from private spaces (upstairs).
Around the turn of the current millennium, the long-revered two-story home design began to fall out of favor with homebuyers. As time began to catch up with Boomers, their bodies helped them begin to appreciate the allure of single story ranch home layouts. The ease of movement between rooms without having to scale any stairs drove buyers–and therefore, builders–to focus more on one-story properties.
Yet, younger buyers were also choosing the simplicity and greater amount of usable space found in single story homes. For a good stretch of time, ranch homes significantly edged out two-story homes in desirability.
The Pendulum Swings
One Story or Two? Like hemlines, preferences for single vs. double story residential designs have greatly shifted over the years. Current trends now point back to a preference for two-story homes. Does that mean single-story homeowners face a bleak future ahead when it comes time to sell?
The best determining factor about the salability of your single or double story home is likely to be, as usual, location. If your property is in an area near good schools, families will be attracted to your neighborhood, which means they’ll likely seek out two-story homes. If you’re in a quiet community of seniors, or live in a more remote or exclusive area, buyers will likely turn their attentions toward single story properties in your neighborhood.
Either way, take heart: a fairly priced property, presented in excellent condition, is likely to sell to the right buyer, regardless of the number of floors in the home.
Are you ready to list your existing home or purchase a new home? Give us a call today, we can work together.