Howard W. “Hoddy” Hanna, III, Chairman of Howard Hanna Real Estate Services, was recently featured in a Pittsburgh Post-Gazette article exploring the growth in demand for one-level houses.
The article highlights how builders and real estate agents have begun working to meet a specific demand in the industry – home buyers interested in houses with no stairs. While one-level homes have always been popular with older buyers, more young buyers are now interested in the same properties.
Hanna’s insights focused specifically on how one-level housing is more expensive to build than the traditional two-story design. However, buyers are willing to pay extra, and so builders and developers have responded accordingly:
Spurred by that demand, Mr. Hanna said builders are carving out tracts of land with earth moving machines to create the flat terrain needed to build. They are tearing down older one-level homes to build new ones with larger footprints and in some cases, they purchase double lots.
Builders of one-level homes often get the maximum use from the land by grouping houses together as fourplex condominiums.
The article also highlights the reasons one-level homes appeal to so many people, as well as the amenities associated with this style of home.
To read the full article, click here.