Single Story Homes are Scarce
Clients ask me often for a new single story home and there just aren’t many in the Triangle outside of the few age restricted, over 55 communities, like Del Webbs Carolina Preserve in Cary and Carolina Arbors in Brier Creek near RTP in Raleigh. There are more being developed every day so I will fill you in with a different post covering the Triangle.
Chapel Hill has Chapelwood and Culp Arbor (both age restricted neighborhoods are in Durham County).Both are sold out and occasionally resales come up. The Courtyards at Homestead in Chapel Hill, Orange County, just finished selling in the summer of 2018 so there may be resales in the future.
David Weekley has an over 55 neighborhood, Encore, in Briar Chapel. Now selling 2020.
Not everyone wants a neighborhood without age diversity. There are a few new single level homes in Briar Chapel that aren’t age restricted. Those are built by Homes by Dickerson and start in the upper 300’s.
FEARRINGTON VILLAGE HAS NEW ONE LEVEL HOMES
Fearrington isn’t an age restricted community but is definitely targeted toward over 55. It’s very cute with shops, restaurants, and Inn. Lots of walking trails through the wooded neighborhood. There is also a clubhouse, pool and croquet court. The neighborhood has ongoing development since the 70’s with around 25 new homes built each year.
I can represent you as a buyers broker in Fearrington
Fearrington has it’s own real estate company and there are also different homes listed in the MLS. I can represent you with both new homes and resale Fearrington homes in the MLS and the Fearrington Real Estate. They will pay my fee if you bring me along and register me as your agent.
Do you wonder why there are so few new one level homes on the market?
Builders have resisted building one level homes for several reasons.
- Most new homes are built on very small lots.
Planning departments have required developers to cluster homes and leave lots of natural area. There just isn’t enough room on the small lots for the larger footprint of a single story home. The least expensive way to build is to go up.
- The extra foundation on a one level home adds up especially if the lot is sloped. It’s the style to have complicated roof lines that add character to the homes but result in wasted space.
- Roofs are expensive and all of that area under the roof is wasted space. It’s way too much space for just storage. It’s tempting for builders to go ahead and finish that space. They think that after all, it’s not that expensive to do and think of how it brings down the price per square foot.
Area under the roof is wasted
Many people just don’t want that extra finished area ,don’t want to pay for it, and don’t want to clean it. (I hear that a lot!)
The one level homes in the video below in Briar Chapel in Chapel Hill were all sold out a couple of years ago but there are resales that come up from the mid 300’s to around $500,000.