Why Single-Story Homes Can Hold More Value Than Multi-Story

In my 15+ years in real estate, I’ve guided countless buyers and sellers through the intricacies of home value—and one topic that continues to spark interest is the difference between single-story and multi-story homes. While multi-level homes can be appealing for their compact footprint and separation of space, single-story homes often retain a higher value, and it’s not just about aesthetics or lifestyle. The construction differences, building costs, and land use all play a role in why single-story properties are often in higher demand and appraise for more.

The Construction Factor
From a builder’s perspective, a single-story home requires more foundation and roofing materials compared to a two-story home of equal square footage. This is because the footprint is spread horizontally rather than vertically. You’ll need a larger slab, more trusses, and often more framing material. That said, while this may make construction slightly more expensive on a per-square-foot basis, it also results in a more durable and accessible structure.

There are fewer staircases to build and fewer load-bearing interior walls required, which can actually streamline some construction processes. For homeowners, this means fewer structural limitations when remodeling, expanding, or aging in place.

Land Use and Footprint
Single-story homes require more land to accommodate the same square footage as a multi-story home. In regions like Tacoma, Gig Harbor, or even the outskirts of Seattle where lot sizes are more generous, this is an advantage. A larger footprint often means larger yards, greater privacy, and more room for outdoor amenities like patios, pools, or accessory dwelling units (ADUs).

Because these homes take up more horizontal space, they’re often built in neighborhoods with larger lots—another factor that adds intrinsic value. People love the feeling of space, both inside and out.

Accessibility and Lifestyle Appeal
One of the strongest value drivers for single-story homes is universal accessibility. As our population ages, more buyers prioritize homes without stairs. Whether it’s a retiree looking for a forever home or a young family avoiding toddler tumbles, single-story homes appeal to a broader buyer base. That broader demand can mean higher resale values and faster sales.

Additionally, HVAC systems in single-story homes tend to be more efficient, as they don't have to compensate for temperature differences between floors. Maintenance is also easier—no ladders needed to clean gutters or repair second-story siding.

In Summary
Though multi-story homes offer compact efficiency, single-story homes deliver enduring value through practical construction, efficient land use, and lifestyle versatility. As a long-time professional who’s seen trends come and go, I can confidently say the single-story home isn’t just a preference—it’s an investment in long-term value.

If you’re thinking about buying or selling a single-story home in Tacoma, Seattle, or anywhere across the South Sound, let’s talk. Call me, Erik Molzen, directly at (206) 643-8845 or visit my website at https://erikmolzen.bhhsnw.com to explore the smartest real estate opportunities today.

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