It’s common for homeowners to worry about damaging their home’s resale value when making accessible renovations. However, new research from real estate tech company Orchard shows that accessibility modifications can increase the resale value of a home, in addition to increasing usability and comfort.
Orchard, which specializes in helping homeowners to move into their next home before selling their first one, often works with buyers whose home needs have shifted. For some, that includes downsizing to a forever home where buyers plan to retire, or looking for a home that accommodates family members with disabilities.
To better understand how accessible features influence home price, Orchard analyzed over 640,000 home sale transactions from the past 10 years (2012 to 2021) in the Dallas-Fort Worth area.
Key takeaways
- The average sale price of Dallas-Fort Worth homes with accessibility features comes out to $378,000, vs. $344,000 for homes without these features included.
- Dallas-Fort Worth property values skyrocket by more than $30,000 when accessible features are included.
- Elevators are the most value additive, increasing property values by an average of $67,000.
- Accessible doors, elevators, and ramps are the three most frequently found features in DFW’s handicap and retirement-friendly homes.
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