Bungalows & Single Storey Living

High demand for single storey properties, coupled with declining supply, means that in many areas, bungalows demand a significant price premium.

Always expect the price per square foot to be higher than for a family home set over more than one storey, but if it is a popular low-rise area, the price tag might be less eye watering, especially away from the south-east.

When we’re buying for older clients who are downsizing, we automatically take into consideration access, particularly to upper floors, in regards to both immediate needs and future plans. 

However, it is not only age that is rewarded by the advantages of a single-storey property.  The upside of not needing to go downstairs for the first cuppa of the day should not be underestimated for anyone!!

Many bungalows offer great opportunities for the large communal space that is sought after by families, and those working from home frequently can value the sense of not being consigned to the attic for their working environment, especially if there are multiple rooms with outdoor egress.

Finding a large bungalow can be challenging, as so many have been knocked down or extended vertically.  Bungalows are often targeted by developers, but as a private buyer you may be able to compete with developers on price, and a good lateral extension and improvement project is likely to show a good return on investment. 

Think carefully about the ways of adding value if you’re undertaking work. With a single-storey dwelling, there is almost always scope for extension and plenty of room for improvement.

  • If it doesn’t compromise the plot, it makes much more sense to extend bungalows laterally.
  • Don’t think you’re going to see the best returns by extending vertically, particularly if yours would be the only one on the street. 
  • Don’t be put off by exterior aesthetics, especially if the internal layout works well. That said, don’t go too against the surrounding area’s vibe if you’re hoping for a quick return.
  • They suit contemporary design trends for open plan, lateral space with plenty of opportunity to create access to outside living areas.
  • Invest in energy efficiency – plenty of roof space is great for solar panels, and good insulation is never wasted.
  • Landscaping which can be virtually non-existent. Look at ways of creating interesting and useable indoor/outdoor ergonomics, hiding car parking, and adding character to what is often a large but rather bland plot. 

As our population ages, high end bungalows are the asset class of the future, so you must expect to pay now. The days of getting a cheap bungalow because it isn’t a great beauty are sadly long gone, however creative solutions can be found with the help of your local Buying Agent. Get in touch now to learn more how your Stacks Home finder can help you get ahead of the crowd.

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