Aging in Place Remodels That Can Help, or Harm, Home Value

All home modifications are not created equal when it comes to a home’s sales price. Some enhance its value. Others reduce it.

According to Bankrate, these modifications can improve home value for seniors:

• Full bathroom on main level

• Doorways at least three feet wide

• Hallways at least four feet wide

• Non-slip floor surfaces

• Entrances without steps

• Lever door handles (instead of knobs)

• Hands-free faucets

• Pull-out drawers (rather than standard cabinets)

• Automated light shades

• Smart lighting system with LED bulbs and rocker light switches, controllable from smartphones

Some aging in place modifications can decrease the value of a home.

If resale value is a consideration, think carefully about these installs:

• Elevator (56 percent of respondents to a survey by the NAHB did not want this feature)

• In-law suite (42 percent of NAHB respondents did not want this feature)

• Permanent exterior ramps

• Chair or wheelchair glides on stairs

• Large grab bars

• Push bars on doors (instead of handles)

• Walk-in bathtubs

It’s important to note though, that even with features that could increase the value of a home, the cost of making that change could outweigh the benefit. For example, widening a hallway may be a benefit. But in many homes, one of the walls in a hallway is likely loadbearing, which could cost $20,000 to $50,000 or more to change.

If it is time for you to make modifications to age in place, reach out to Andrew at 101 Mobility (215) 987-4367. They have a showroom complete with different chair lifts, elevators and more to try out!

If you are thinking about making a move and feel overwhelmed by everything that needs to be done, Call me. I have resources to help you and make your move more manageable. Call me directly at 267-397-6291 or at the office 215-395-6277.