When Mom and Dad Move In

By
Real Estate Agent with RE/MAX Best Choice

The number of senior citizens that will rely on family members for their care is expected to rise from 25 million in 200 to 71 million in 2030. If your parents will be spending their twilight years at your home, there are some improvements that can be made that will make life easier for them, and for you.
* Remodel a bath;
Instead of a tub, opt for a wheel-in or walk-in shower with a height adjustable shower head and chrome grab bars. Add a taller toilet, a new vanity and safe flooring. The cost will be about $25,000 but 90 percent of the cost will return to you when you sell the house.
*Add a deck;
incorporate a wheel chair ramp with it and it can work as a design element. A typical deck costs about $12,000 to build but you'll get back 90 percent of your investment at sale time.
*Build an addition;
A first-floor bedroom that costs $73,000 will recoup 80 percent of its cost. Doorways must be 36 inches or wider to be wheelchair accessible

http://www.realestatetrio.com

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Rainer
14,078
Keith Zimmer
RE/MAX Results - Saint Louis, MO
Great infomation. We will have more and more clients looking for house that can be or that are equiped for parents moving in with thier children in their later years
Feb 19, 2007 02:27 AM #1
Rainer
64,790
Kelli Fronabarger
Bend River Realty Inc. - Bend, OR
Realtor - Bend Oregon
Great post. Having realized the possibility of a potential move-in myself this week,  I think I'm going to print this so my husband can get started.
Feb 19, 2007 07:53 AM #2
Rainmaker
1,725,623
Sam Miller
RE/MAX Stars Realty - Howard, OH
Knox County Ohio Real Estate Specialist
Frank, With the increasing cost of nursing care I have a feeling that this is going to be a reality for a large portion of the older generation and their kids.  I wonder if there are any tax breaks going to be available for these type of projects in the future.  I would not be surprised if at some point the government offers an incentive.
Feb 19, 2007 08:15 AM #3
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Rainer
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Frank Helderle

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