Wheelchair accessible homes

1 Reply

BP,

I got a lead from my neighbor about a house that is starting foreclosure. What is interesting is that every door was widened to accolade the owner who has a wheel chair. Also, from what I hear, walls have been moved as well to allow more access (for example in the bathroom). There used to be an inch it two porch (cement just raised) it now has a gradual slope like a small ramp. What are your thoughts about a home that has been modified like this?

Would it be best to return it to stock?
When calculating an offer would you consider reversing this in your calculation?
Does it limit the potential buyers?

In todays market, a lot of companies are promoting universal design. 

This may be a little different in your case. As for the house in question, handicap accessible may, or may not hurt the resale value. This would all depend on the aesthetics of the property. 

Sometimes, slight modification to the existing condition may allow it to be visually pleasing. 

As an investor, consider viewing the house through the eyes of a prospective buyer.  If there some things that just need to be redone, you will need to factor that in your purchase price. 

Good luck!

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