What You Need to Know About Buying a Bungalow
February 17, 2016Buying a Bungalow
Preparing
to purchase a bungalow from Property
Guru can be both an exciting and daunting proposition. Bungalows are
generally smaller structures that make the ideal home for first-time buyers,
and there are many variables when it comes to choosing the property that is
right for you.
As with any
prospective home there are pros and cons that need to be addressed. Here are
some valuable pros and cons to consider when shopping for that perfect
bungalow:
Pro: Know Your Structure
A bungalow
is typically a single-storey dwelling that is detached and usually has an
abundance of outdoor living space. Screened-in porches or open air verandahs
are common, since owners of these homes usually enjoy spending a great deal of
time outdoors.
Pro: A Bungalow Makes a Great Home for
Individuals Dealing with Mobility Issues
There comes
a time in life when many of us are better off not having to negotiate
staircases, especially in our own homes. This makes bungalows a great choice
for seniors, or people dealing with mobility issues. Moreover, since these
homes are all on one level, things like doorways and dividing walls can be
easily altered to accommodate wheelchairs since you don’t have to worry about
compromising support beams that cannot be removed or re-located in multi-storey
homes.
Pro: Bungalows Are Usually Situated on Larger
Plots of Land
A large
plot of land offers greater versatility, especially if the home you are
considering buying is on the small side. Bungalows can easily be renovated to
adapt to changing needs. For example, a young couple wishing to start a family
can extend a bungalow to include one or two more bedrooms. A single, older
couple can renovate an existing smaller kitchen, turning it into a dream
gourmet kitchen with all the latest features and appliances. In some cases,
bungalow owners will even opt to turn their bungalows into two storey
structures, maximizing the value of the home and the land it sits on.
Pro: Smaller Homes Usually Cost Less to Heat
and Cool
Larger
homes are notorious for their maintenance costs, particularly heating them in
the winter, and cooling them in the summer. Since bungalows are much smaller,
your utility usage will be much less, and the costs won’t be as considerable as
those in larger homes.
Pro: Bungalows Are a Great Investment
Since
bungalows are such versatile properties, they will usually maintain their
value or increase in value. This should be a consideration for every first-time
home buyer since you will want to get a return on your investment if you decide
to move to a larger home in the future.
Pro: Enhanced Privacy
Bungalows
are detached, stand-alone homes, which allow you to have a much greater degree
of privacy than if you lived in an attached home or an apartment. You’re able
to spread out and get a little noisy, usually without having to worry about
upsetting the neighbours.
Con: Higher Cost Per Square Foot
Many real
estate experts believe that bungalows are overpriced considering their size. The cost per square foot is almost
always double what you would pay for a two-storey home, but what you lack in
space can be made up for by location.
Con: Not Much In the Way of Storage
Bungalows
generally have fewer rooms, and therefore, not as much storage. Some homes do
not even have basements, which can add to the challenge of storing belongings
that are not regularly used. This can easily be solved by renting a separate
storage space, or investing in furniture that has the capacity to store items
like clothing and household items.
Con: Bungalows Can Be Considered Outdated
Sure,
everything has gotten bigger over the years, but living in a small home still
retains a certain charm. Some people prefer smaller homes, and like the fact
that they are easier to care for and maintain.
Con: Everything is on One Floor
Having
everything on the same floor might be considered a drawback for some people
because everything is on display. You can’t hide messy bedrooms or clutter as
easily in a bungalow because the rooms are closer together. This could either
be an good incentive to keep things tidy, or motivation to save for a larger
two-storey home.
Con: Security Issues:
Depending
on the area a bungalow is located in, it could potentially be a security risk.
Having everything on the ground floor, including every window, makes these
structures more tempting for burglars. It is important to invest in a good
security system, as well as sturdy locks for all windows and doors to ensure
your safety while you are home and away.
This list
of pros and cons is the perfect place to start if you are new to house hunting,
or if it’s been a while since you’ve considered the possibility of moving to a
new home. The goal is to search until you find the home that is perfect for
your needs.
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