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Truer words were never spoken. And woe be to the handicapped person who attempts to use it. It looks like he/she would collapse under the weight of the rotting wood. Tear it down, and the house will look more homey and charming.
As a wheelchair user, I'm usually all for ramps, but that one looks like it's in need of serious work. I wouldn't drive my chair over it.
I'd say keep it but fix it up. As for the property value, I don't know what that would be. It really depends on how many disabled people you have visiting you, I guess.
I don't think this ramp looks rotted. I have a rental with a large ramp such as this that was built of treated lumber. I painted it to match the trim because it is a demand unit because of the handicap access. It made a huge difference in the appearance.
The point of checking the code is appropriate as in most places there is a need for spindles or restriction to prevent a child falling off over a specified height. It looks like that is the purpose of the lattice that may have extended further down at one time.
In any case if you are interested in the value you need to improve the front 'curb appeal'. Good luck.
I also say take it down and either have a new one built or, if you have no need for it, have stairs instead. The ramp is looks like it might be rotting, and nonetheless, definitely looks like it was a handyman's special (ie not built to code and has hazards, such as the railings being too open--where a child could fall thru, as others have mentioned).
Wheelchair ramps can add some value I suppose, especially if you are marketing the house to those with disabilities, but this particular one won't add any value due to its condition...and its an eyesore because of its condition. If anything, keeping it up probably will detract somewhat.
The ramp was obviously a last ditch effort by a disabled person to stay in the house. With a basement, nobody who is mobility limited is going to be interested in buying the place. My wife and I bought our retirement home when we were 47. One of the big attractions was that it is a one level ranch style where everything, including the front entry, is easily accessible. We would never have considered buying your house. The ramp is just an eyesore.
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