Direct comparison of Single Storey Homes and Double Storey Homes is not an effective way to get an unbiased opinion.
An effective way to compare Single Storey Homes with Double Storey Homes is by discussing the pros and cons of each. So let’s get into details of each:
Double Storey Homes
Pros:-
– Double storey homes have more space.
– They might attract more tenants in future.
– Can provide space for enough bedrooms, living areas, outdoor rooms, studies and storage for a family.
– By building double storey home you are maximising your investments, rather than chewing off space from the outskirts of your land, which means that larger front gardens or back yards.
– It is easier to create privacy in a double storey home rather than a single storey home as you can have all bedrooms located on one level and the living areas located on the other, or alternatively have the bedrooms be more spread out across the home.
– In the case of investment property, you have the advantage of being able to charge significantly more rent, increasing your weekly and monthly yield.
Cons:-
– With all the space which a double storey home provides, comes more areas to clean, both internally and externally.
– Time and energy they will need to spend maintaining the home particularly of hard-to-reach areas such as top-storey gutters and windows.
– More time required by a builder to build a double storey home. (around 12 months)
– If you are investing and building a two-storey home you are narrowing down your future target market to groups and families. Often single people, childless couples and elderly people do not require two-storey homes and as such are unlikely to show interest in renting your property.
– Around 100k more costly to build a double storey home compared to a single storey home.
You might also like:
> What Is The Opportunity Cost Of Saving 2 Dollars On Tomatoes?
> 8 Best Government High Schools In Sydney
> Where To Live In Sydney As A New Migrant?
Single Storey Homes
Pros:-
– Less time required to build a single storey(around 6 months)
– Around 100k cheaper than double storey home.
– For young children and elderly family members, stairs can be dangerous and may even eventually become a burden for older residents
– Smaller spaces may also work to encourage families to spend more time together, rather than in separate upstairs and downstairs zones and as such, does not rule families out altogether.
Cons:-
– Single-storey homes don’t have nearly as much space as double-storeys have to offer, which is most likely to impact growing families who may be after a larger home.
As you can see, there are many positive and negative features to both one and two-storey homes,
which all should be carefully considered before you make your final decision.
You might also like:
> Some Statistics To Visualize Property Market In Australia 2021
> North Sydney Walks. Highlights Of Newcastle, Hunter Valley & Central Coast
> What Happens On The Property Settlement Day
Disclaimer: Articles in this blog are just the author’s or authors’ personal opinions.
It may or may not be correct. Please do your own due diligence and seek professional advice according to your own personal circumstances. The author or authors cannot be held responsible/liable for any content in this blog.
