Figuring out how to spend your limited home renovation dollars is always a challenge. Should I make just cosmetic changes? Should I try to make the house appeal to a certain generation? What will provide the best return on investment?
Look to the 2017 Remodeling Cost vs. Value report (http://bit.ly/2jGMXFy) for answers.
Remodeling magazine’s annual report estimates the cost of 29 homeimprovement projects and how much homeowners could anticipate recouping on a renovation when they sell.
This year, realizing that more homeowners are focused on aging and multi-generational households, the report added a new category and
looked at the value of incorporating universal design features in a renovated bathroom.
The $15,730 project included:
Widening the doorway for wheelchair accessibility
Reinforcing walls to support grab bars
Installing a zero-threshold shower with a fold-down seat
Putting in a comfort-height toilet
Installing a sink with space to allow someone to sit on it
It’s a project that could help you both age more comfortably and stay longer in your house. You also can anticipate recouping $10,766--68.4 percent of the project cost--when you sell.
Walkability Drives Seniors’ Housing Decisions
Though a desire for walkable neighborhoods is most associated with the millennial generation, walkability and good public transit also are high on boomers’ and seniors’ wish-lists.
A recent survey (http://bit.ly/2x5H1K4) by A Place for Mom, illustrates just how important those neighborhood characteristics are to those looking at senior housing.
Though things like quality of care services, affordability, and a facility’s cleanliness topped people’s must-have lists, walkability and access to transit also were tremendously important to survey respondents.
Among consumers considering their housing options, walkability was described as mandatory or very important to those seeking senior apartments (53%), independent living (38%), and assisted living (26%). Public transit options were also crucial to these groups.
As you look at your retirement housing options, especially if you’re a boomer with no physical limitations today, consider the longer term—a time when you may have difficulty getting around and you may no longer have access to a car.
Roam around a prospective neighborhood to assess your options for getting around.
Some questions to consider:
What places are within a 10-minute walk of your prospective home? Could you reach all the necessities of daily life--the grocery store, parks, hair salons, banks, and so forth—on foot or by public transit?
Are sidewalks and paths accessible, safe, and well-lighted?
Could you maneuver those sidewalks with a walker or a wheelchair?
Are crosswalks well marked and do you have enough time to get across the street?
Are there places to sit and rest? Are there water fountains and public restrooms?
For more details on measuring a community’s walkability, see:
Healthy by Design, http://bit.ly/2ijrRNY
Jane’s Walk, http://bit.ly/2vWDPAt
World Health Organization, http://bit.ly/1FOWnPN
Real Estate Matters: News & Issues for the Mature Market
The Cosgrove Team @ Keller Williams Realty
Senior Certified Real Estate Specialist
Certified Luxury Home Specialist
Senior Move Manager
Author:Julie Cosgrove BRE #00828743 Phone: 209-298-0252 Dated: September 13th 2017 Views: 183 About Julie: Julie was born and raised in Stockton CA, she married her high school sweetheart George and has 2 bo...
View our latest blog posts in your RSS reader. Click here to access.
About Julie Cosgrove Real Estate Professionals at Keller Williams Realty
California REALTOR® Julie Cosgrove is a driven individual that not only pushes herself to achieve excellence but will make it her priority to transform her client’s dream home into a reality. She and her team believe in Exceeding Expectations of their clients
Julie and her team’s positive approach and no nonsense attitude will help guide their client’s through their transaction. They will outline the buying and selling process, stay in close contact and constantly affirm that they have their clients best interest at heart. She and her team strive for trust, coupled with support, so her clients can enjoy a smooth transaction.
Recently Julie started her sister company, One Simple SOLUTION. As Julie’s real estate business grew, she saw a need to help seniors downsize or transition into senior-centered living. The desire of this company is to make our Senior Citizens and families feel as calm and stress free as possible during their transition from one home to the next. One Simple Solutions works hand in hand with each realtor to make sure that their clients is completely taken care of from the packing stages to the complete move to their new location. No stone is left unturned. We offer organization, helpful tips and more to make this move as uncomplicated as possible.
It's that time of year, fall is in the air. Time to change your clocks
"We have bought and sold homes with Julie, one of which was a short sale. She has always been very professional and accommodating to our needs, whether is be coming out on the weekends or getting loan documentation to us at 9pm on a weekday. My wife and I currently live in our dream home, we would recommend Julie to any of our friends and/or family."