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.
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.
Stacks Property Search has been helping clients find the right house for them for over 35 years, and it is not an exaggeration to say that an annexe – or some form of annexe option – is one of the single most useful features a property can have. An annexe provides...
Stacks’ clients are often househunting with the whole family in tow. It bears repeating that, even if you are househunting with the whole family in mind, selecting a school as the sole basis of your house search can be a dangerous strategy. If your heart is set on one school, you...
Getting the best schooling for your child is often cited as the #1 reason for moving house, but think hard first about all that that choice entails – for your whole family! Two kids at a middle of the road private boarding school equals the cost of financing about £500,000 worth...
If living near the right school is your first priority, what factors should you be examining in your househunt? Our advice to families with young children is generally to move somewhere with plenty of options – good state schools for all ages, good private schools, and preferably a grammar school area....
Call us on +44 (0) 1594 842880 or complete the form below
When making probably the most important financial decision of your life, it pays to have the right advisors at your side.