Single-storey versus double-storey investment properties



Cameron Bell

One of the biggest advantages of building a new property is that you can choose a design that fits your investment strategy.

Blogger: Cameron Bell, sales and marketing manager, Ross North Group

The start of the building process is usually very exciting as you will be able to pick and choose from a variety of designs and style. A lot of important decisions will also have to be made, and one of them is choosing between a single-storey and double-storey home. The choice is not always easy, so consider the following factors to make sure you pick the right home for you.

Block size

The size of your block will be one of the main factors that determine the best home design. While a spacious single-storey home fits beautifully on a large piece of land, two-storey homes are often the best solution for smaller or oddly shaped blocks. A two-storey home gives you more living space on a smaller block, while leaving enough backyard space for a swimming pool or large garden.

Layout

The layout of these two types of homes can differ significantly. A single-storey home design doesn’t need to take space for a staircase into consideration, and this often makes the designs simpler and more flexible as rooms with plumbing like the kitchen and bathrooms can be placed anywhere. However, two storey homes can provide much more living options. A family may prefer all the bedrooms on the second floor for more privacy, or having the living areas divided to allow parents and teenagers or large families to live in separate quarters.

Costs

Single-storey homes are usually less expensive to build, but a double storey doesn't cost double the price. The difference can be as little as only 10 per cent to 15 per cent. The fact that two-storey homes can be built on smaller and more affordable blocks often cancels out the difference in the total buying and building costs.

Street appeal

A two-storey home, with its balconies and interesting layout, can have a more impressive kerb appeal, but this shouldn’t be your only determining factor. There are almost endless varieties of designs and features available for both types of homes, which makes it easy to find an exterior for any type of home.

It is clear that both types of home designs have the potential to be the ideal home – depending on your preferences and investment strategy.

Cameron Bell

Cameron Bell

Cameron Bell is the Sales and Marketing Manager for Ross North Developments.  Ross North Developments is the specialist property development Perth division of the award winning Ross North Group.

Cameron has over twenty years’ experience in the building industry, including working for two storey, multi-unit development builders and for land estates.

Cameron also has his real estate agents' licence and has run his own real estate company, allowing him unique insights into the property market in WA.

Single-storey versus double-storey investment properties
accountantsdaily logo
FROM THE WEB

Latest Top Tips