6 Things to know about elevators

If accessibility and mobility in your home pose a problem, residential elevators may be the ideal solution. As the footprint of a residential elevator has shrunk over the years, an increasing number of seniors, elders, and homeowners with physical disabilities are considering installing a home elevator to make moving between levels in their home easier and safer. As with any home modification project, there are a number of factors to consider prior to excluding alternative mobility solutions.

Residential Elevators Installation

Consider six factors before installing an elevator in your home.

How much does a residential elevator cost?

On average, the price of a residential elevator, installation included, ranges between $25,000 and $100,000. The price of installing an elevator in your home may be prohibitive for some. Numerous variables affect the price of a home elevator and the construction surrounding its installation, retrofitting, and required finish work. Personal design preferences, such as matching trim and molding to the rest of the house, also come into play.

How Much Space Is Required for a Residential Elevator?

Despite the fact that the footprint of residential elevators has decreased significantly in recent years, many homeowners are unaware that a substantial amount of space is required for elevator installation. The construction of an elevator shaft can restrict the elevator’s placement to specific areas of the home or prevent the installation of a conventional elevator. There are non-traditional options available, including an elevator that passes through the floor and inclined platform lifts.

What are your goals for aging in place?

Knowing the purpose of a significant home improvement, such as installing an elevator, can help you determine whether or not it is a wise investment. Having a clear understanding of what it means to you to stay in your home, be able to maintain your independence, and know what your mobility concerns will be as you age in your home can help you decide whether or not to install an elevator on your property.

Does a Residential Elevator Increase Value in a Home?

For the right buyer, installing an lift parts in your home can increase the property’s resale value. This substantial and permanent home modification can be appealing to homebuyers seeking an accessible residence. On the other hand, some buyers may be deterred by the cost of an elevator, and what was intended to be a home improvement may work against you when it comes time to sell.

How long does the installation of residential elevators take?

A residential elevator can typically be ordered and installed within four to eight weeks. Installation and construction of an elevator require more time than the installation of a vertical platform lift, stair lift, or inclined platform lift. If you require a solution for accessibility that can be installed quickly, an elevator may not be ready in time to meet your needs.

When Will the Home Elevator Be Built?

Due to unanticipated complications, the installation of a residential elevator necessitates invasive construction work that can incur additional costs and time. Adding an elevator to your home can result in weeks of construction noise, dust, and crew presence. A through-the-floor elevator can be installed in your home in as little as two to four weeks, an elevator shaft inside the home in four to eight weeks, and an exterior elevator, which is essentially a home addition, in three to four months.

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Ryan Harper