Accessibility Home Buying Guide
In the article given below we’ll be discussing a crucial topic that’s “Accessibility home buying guide” let’s examine it in detail:
If you’re really looking to buy a home that’s accessible, you probably know it’s actually a bit of a challenge. According to a report by HUD, only 3.8 percentage of housing stock is livable for those with moderate mobility difficulties and only about 0.15 percentage is currently accessible via a wheelchair. However rising awareness about the significance of housing accessibility is making it much more easier to find an accessible home. Following are a few tips on how to really do it.
Accessible home buying tips
1. Learn about the various different kinds of accessible homes.
Accessible home features can fall under several umbrellas. Each of these ideas and concepts is slightly different, however all deal with some sort of dwelling for accessibility. These include (but are not limited to):
- Universal design: These are the homes which are built to be accessible by people of all ages, abilities as well as all other known factors.
- Aging in place design: Homes that are specially designed to allow individuals to stay in their homes as they age and their abilities change.
- Adaptable design: These are those homes, which are designed with the ability to be adapted to the changing needs as well as abilities of residents.
- Barrier-free design: Barrier free designs are modifications made to a structure to remove the existing barriers for those of different sorts of abilities.
2. Find an experienced real estate agent.
The best advice about buying accessible homes will come from someone who completely understands your unique goals as a home buyer, and that is none other than your agent. Your best bet is to actually find a real estate agent, who is quite familiar with accessible design. They may actually know of existing accessible homes in the area in which you’re looking. A good real estate agent will further help you find a house that’s not accessible, however can easily meet your needs with a reasonable amount of money and remodeling.
We can actually help you connect with agents that are quite trustworthy and those will work hard for you through their Premier Agents resource. These agents meet our company’s high standard for quality service, so you know you will have a really great home buying experience with their personal support.
3. Understand your rights.
According to the Fair Housing Act, sellers, mortgage lenders as well as real estate agents are prohibited from discriminating against you during the entire home buying process. From the very start of the process, you need to understand what is expected of all of the parties involved so you can actually be on the lookout for discrimination.
4. Leverage financial resources.
In order to actually find the right home for you, you really have to know your budget and yours might actually be larger than you think. There are several federal as well as state loans, grants and financial assistance programs that may actually help with down payments or home modification costs. Here are some to look into:
- ABLE Accounts: This is actually a type of tax-free savings account that actually allows disabled individuals to save for a lot of expenses, including housing, without affecting their eligibility for social security, Medicaid and other public advantages.
- Department of Housing and Urban Development (HUD): Federal Housing Administration-backed loan (FHA) that requires little money down and can be used to make home improvements for accessibility.
- 203(k) Loan: This FHA loan actually allows you to finance your home purchase and even include the cost of repairs through a single mortgage.
- State-specific programs: For instance, a certain States home access program can provide you suppose $25,000 to assist with down payment and closing costs. Another State has its Access to Home program, and some other state has ACCESS Home Modification. Check with your local housing authority to see what’s really available in your area.
- Veterans Administration: If you’re actually a disabled veteran, you may really be eligible for VA-backed grants to rehab your home, which include Specially Adapted Housing (SAH) and Special Housing Adaptation (SHA) and Home Improvement as well as Structural Alteration (HISA) grants.
- Habitat for Humanity: This is actually a non-profit program that builds, rehabilitates as well as repairs homes for people in need. Moreover, each local HFH entity has its own set of rules, however these homes are generally sold for the amount they cost to build, require a low down payment, and may even include a mortgage-assistance program.
5. Connect with local accessibility contractors.
Furthermore, you need to consider hiring the services of one of the following people as you search: an occupational therapist, many of whom actually specialize in home modifications; a remodeler with a Certified Aging in Place (CAPS) designation; is actually a Certified Living in Place Specialist; or to say a residential accessibility consultant. Their unique skills can further help you understand your options as you move through much more the home buying process.
6. Use accessibility-focused sites to find listings.
Combing through listings to actually find accessible homes can really be challenging on your own. However, there are organizations that actually do the work for you. Furthermore, Barrier Free Home and Accessible Properties are sites that gather accessible home listings from all across the nation.
There are also plenty of factors that can really affect your accessible home search depending on your certain needs, financial situation, as well t where you live. The United Spinal Association further provides detailed information on accessible home resources that can actually be really helpful during your search.
7. Consider a new construction home.
The math will simply end up different for each and every home buyer, however for some people looking for accessible homes in some housing markets may actually find that it is less expensive to buy a new construction home as compared to modify an existing home. You need to check out local developers as well as builders to find out what’s possible in your market.
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