Pros and Cons of Buying a Beachside Bungalow in Daytona Beach
Are you looking for a Florida beachside getaway that won’t break the bank? If so, you might want to consider buying a Daytona Beach bungalow.Bungalows are single-story or one-and-a-half-story houses that typically have low-pitched roofs, wide eaves, and large porches. They are popular among home buyers who value simplicity, affordability, and convenience. In this blog post, I will explore the pros and cons of buying a bungalow in Daytona Beach.
Pros of Buying a Bungalow in Daytona Beach
- Easy accessibility. One of the main advantages of bungalows is that they are easy to access and navigate. You don’t have to worry about climbing stairs or carrying heavy items up and down. Bungalows also offer more privacy and security than multi-story homes, as you can see who is approaching your door from any window.
- Affordable price. Another benefit of bungalows is that they tend to be more affordable than other types of homes in Daytona Beach. According to Zillow, the median listing price of bungalows in Daytona Beach is $359,000, which is lower than the median listing price of all homes in Daytona Beach ($399,900). I have seen small ones selling for as low as $295,000 in the current market (summer 2023). Bungalows also have lower maintenance costs, as they have less roof area and fewer structural components to repair or replace.
- Flexible design. Bungalows are great for redesigning because usually only the exterior outside walls are structural supports. That means you can usually very easily reconfigure the interior layout. You can also extend your porch, add a sunroom, or build a detached garage to enhance your outdoor living. Bungalows also have a lot of character and charm, as they often feature woodwork, fireplaces, built-in cabinets, and other architectural details.
- Great location. Finally, buying a bungalow in Daytona Beach means that you can enjoy the great location and lifestyle that this beach city offers. Daytona Beach is famous for its beautiful beaches, vibrant nightlife, rich culture, and diverse attractions. You can find many bungalows for sale near the ocean, the river, or the downtown area. You can also access various amenities and services, such as shopping centers, restaurants, schools, hospitals, and parks.
Cons of Buying a Bungalow in Daytona Beach
- Limited space. One of the main disadvantages of bungalows is that they have limited space and storage. Bungalows usually have smaller rooms, closets, and bathrooms than other types of homes. They were generally built in the 1950s and 1960s, and feature low ceilings. If you have a large family or plan to grow your family in the future, you might find a bungalow too cramped and crowded.
- Lower resale value. Bungalows also have lower resale value than other types of homes in Daytona Beach. Bungalows are less appealing to some home buyers who prefer more modern and spacious homes. They also face more competition from newer and larger homes in the market. According to Trulia, the average price per square foot of bungalows in Daytona Beach is $244, which is lower than the average price per square foot of all homes in Daytona Beach ($269). A bungalow might have a single car garage, or a carport, and the laundry may not be in the home, but in a detached storage closet or in the garage. This doesn’t appeal to everyone.
- Flat roof issues. Bungalows often have flat roofs or partially flat roofs. Flat roofs can have water pool on them after heavy rain, which can lead to leaking. Insurance costs, which are already high in Florida, can be even higher.
Conclusion
Bungalows are cozy and charming homes that offer many benefits for home buyers who value simplicity, affordability, and convenience. However, they also have some drawbacks that you should consider before buying one in Daytona Beach. Whether a bungalow is right for you depends on your needs, preferences, budget, and lifestyle.
If you are interested in buying a bungalow in Daytona Beach or want to learn more about this type of home, please contact me today. I am a professional and experienced realtor who can help you find your dream home in Daytona Beach. I can show you the best bungalows for sale in Daytona Beach and guide you through the whole process of buying a home. I look forward to hearing from you soon.
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