If you're in the market for a ranch-style home, you're not alone. These single-story homes are becoming increasingly popular, especially among young families and retirees. But what exactly is a ranch-style home? And how much do they cost? Read on to find out everything you need to know about ranch-style homes for sale in Canada.
What Is a Ranch-Style Home?
A ranch-style home is a one-story dwelling that is typically characterized by a long, low profile and a simple floor plan. Ranch-style homes were first introduced in the United States in the 1920s, but they didn't gain widespread popularity until after World War II. Today, ranch-style homes can be found all over North America, including in Canada.
Specific features of Ranch-Style Homes
While every ranch home will vary slightly, whether it be size or layout, there is a general consensus that ranch-style homes offer:
- A single story
- An asymmetrical shape
- Attached garages
- Large windows with a front bay window
- Sloping rooflines
The Cost of a Ranch-Style Home in Canada
Now that you know what qualifies as a ranch-style home, you may be wondering about the price. The average cost of a ranch-style home in Canada is approximately $630,000 (not seasonally adjusted). However, prices can vary widely depending on the province or territory you're looking in.
Homes in Ontario tend to be more expensive than homes in Alberta or Saskatchewan. For example, the average price of a ranch-style home in Ontario in 2022 is approximately $780K, while BC is well over $1 million. Both Prince Edward Island and Alberta fall around $400K, which shows the extreme fluctuation of the price simply based on geographical location.
Other factors that determine price include size, age, condition, and location (ie. neighbourhood vs. rural). The size of the home is also a major factor in determining the price. A smaller ranch-style home will obviously cost less than a larger one. Similarly, ranch-style homes with extra features like a swimming pool or patio will be more expensive than a basic model.
While many ranch homes were built in the mid to late 1900’s they do tend to be more established. However, thanks to quality construction and durable materials, ranch-style homes have fared well over time.
Should You Buy a Ranch-Style Home in Canada?
Now that you understand what a ranch-style home is and roughly what you will be looking at in terms of price, the question remains: is it the best option for you and your family? To answer confidently, you may what to consider the benefits of a rancher:
High Curb Appeal
Ranch styles have a lot to offer in terms of curb appeal. Generally, these homes typically have large yards, which can be landscaped to create an inviting outdoor space. In addition, the low-profile design of ranch-style homes makes them ideal for adding outdoor living features such as decks and patios. By making some simple changes, ranch-style homes can have a lot of curb appeal.
Great Resale Value
Rancher homes offer plenty of space for families to spread out, and they're typically more affordable than other types of homes. However, one of the best things about ranch-style homes is their high resale value. In fact, ranch-style homes typically sell for more than comparable homes in other styles. This is because ranch-style homes are in high demand, and there are a limited number of them on the market. You can resell a 7000 sq ft ranch home in Maple Ridge over million dollars in today’s market. Buyers are willing to pay a premium for these homes.
Ability to Renovate
Additionally, ranch-style homes are often easier to add additions to or adjust to accommodate families' needs. For example, if a family needs an extra bedroom, it is usually easier to add on to a ranch-style home than it is to add on to a two-story home.
Ranch-style homes are a great option for home buyers who are looking for a bit more space. These homes are popular because they tend to be built on larger lots, providing homeowners with more room to spread out.
Finally, ranch-style homes are a great option for anyone looking for a single-level home. Not only does this make them easier to maintain, but it is also an ideal option for anyone with mobility issues or restrictions.
If you're thinking about buying a ranch-style home in Canada, you can rest assured knowing that they're very affordable and come with numerous benefits. Ranch-style homes are easy to maintain, spacious, and appreciating assets that make them a wise choice for any home buyer.
These one-story homes are becoming increasingly popular in Canada thanks to their many features and benefits. So what are you waiting for? Start your search for the perfect ranch-style home today!
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