The Impact of Home Accessibility Products on Home Value

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If your family or circle of loved ones includes a senior or other adult with mobility issues, then you probably already appreciate the value of adding some accessibility products to improve the quality of life for your loved one. But if you’re wondering about the possibility of future return on your home accessibility investment, we have some more good news for you.

Aging-in-place remodels can actually serve to boost the resale value of a home, especially if it’s located within a retirement community or a location that includes a higher percentage of senior residents.

The Importance of Enhancing Home Accessibility
The demand for home accessibility solutions continues to grow across the country. The US population is now older than it’s ever been, and the number of Americans aged 65 and over is projected to increase to 82 million by 2050 (a 47% increase from 2022).

Many of those older adults will assuredly face mobility issues. Adding some modern accessibility products and devices is a proven way to both create a safer environment and improve the quality of life for these senior citizens.
How Home Accessibility Products Impact Home Value
Below are the top two ways home accessibility products impact home value.
Increased Market Appeal
Homes equipped with accessibility features like wheelchair ramps, vertical platform lifts, and bathroom safety products can appeal to a broader range of buyers.

As Kurt Clason of the National Association of Home Builders points out, aging-in-place modifications done right are a definite value-add. He suggests going beyond the Americans with Disabilities Act (ADA) accessibility standards and rather focusing on following universal design principles. Universal design is an architectural ideal that involves best-design principles to accommodate a wider range of people than those who may be classified as “disabled.”

When you expand your vision to meet the needs of multiple generations who may be living in the same home, that’s a sure recipe for increasing home market appeal.

For example, think about implementing hands-free faucets and dimmer light switches in the kitchen, and make helpful applications like these standard in every room of the home. And if you’re serious about driving up home value, you’ll also want to make sure these modifications go beyond being merely functional, to also being aesthetically pleasing.
Return on Investment
There’s a positive correlation between accessibility features and home value, and this can create a favorable return for homeowners who may be looking to sell down the road.

That being said, there are also some immediate returns on investment that can be realized for those living in the home now. Seniors and others with mobility issues face many challenges when it comes to accessibility. Installing the right products and safety modifications can greatly improve their quality of life. This type of ROI may be hard to measure with a price tag, but the peace of mind that comes from taking better care of your loved ones is absolutely worth it.

Considerations for Homeowners
Assessing Individual Needs
Before embarking on any home modification or remodel plans, a good first step is to conduct a home safety assessment. This simply entails going through each room of the home and identifying any potential challenges or hazards for aging adults or others with mobility issues.

Among other things, make sure to take a closer look at the condition of the floors, the arrangement of furniture, and the amount of lighting provided.

You can do a basic home assessment on your own, but in many cases, it’s also advisable to have a professional come take a look. If you’re located in Massachusetts, Connecticut, or Rhode Island, this is a service that the pros at Home Healthsmith are happy to provide. Our SafeHome Audit identifies any problems or opportunities in your home and comes with expert advice to help you meet those challenges.
Budgeting and Future Returns
Whether you need some safety solutions in the bathroom, bedroom, kitchen, living room, outside entrances, or all of the above, the HHS team has you covered.

Our SafeHome Audit includes a free estimate for any suggested upgrades. We can assist you in exploring pricing for different accessibility products and renovations, and we’ll help you make the best decisions about meeting your short-term needs, long-term opportunities, and ROI goals in a way that also meets your budget.
Investing in Accessibility for Your Home
Investing in accessibility is an important strategy for keeping your seniors safer, and improving their quality of life. At Home Healthsmith, we believe that every senior or adult with mobility issues has the right to live both safely and comfortably in their own home as long as possible.

Got questions? Ready to learn more? We provide the best safety and accessibility products, and we offer full installation services for each. Our proven installation process is designed to bring you greater peace of mind about renovating your home and boosting its value.

Get in touch with us online, or simply give us a call at (401)-293-0415 today to schedule your free consultation!