Sep 02, 2014 3:31 am
I have been researching about homes lately and saw some websites saying
single storey homes surrounded by double storey homes have less resale value
Is this true? I thought they would be more valued since they would be more rare if they are surrounded by double storey homes.
Re: Is this true about single storey homes?3
Sep 02, 2014 1:18 pm
If ALL of the homes surrounding a single storey home are double storey, then it have lower resale value, however it will still be in demand by those who definately do not want a double storey home.
Whilst not impossible to have such a situation, it can happen in some areas, but from what I have seen around there are usually a nice mix of house types in nearly all areas.
Re: Is this true about single storey homes?4
Sep 02, 2014 5:08 pm
It will have less resale value compared against the surround double storey homes. But I reckon it will be valued higher than a single storey home in another area surrounded by other single storey homes. Why? Because the double storey homes would have pushed up the median prices in that area already. Better to be the worst house on the best street than the best house on the worst street.
Re: Is this true about single storey homes?5
Sep 02, 2014 6:21 pm
Better to be the worst house on the best street than the best house on the worst street.
Yeah, I aqree with this and so would many real estate agents. Location, location.. However if the single storey house has a problem with privacy even if it's only to the outdoor living areas, and lack of natural light due to overshadowing, then the resale price will definitely be affected.
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