The Real Cost Of A Home Elevator
The real cost of a home elevator should be measured, not so much in the dollars reuOne of the most popular additions to both new and renovated home construction is the home elevator. During the last five years, home elevators are one of the hottest characteristics new home construction has seen. Although home elevators add glamor to new homes, they also add value to the home and increase resale values as a necessary and unique attribute.
Elevators have been around for more than 150 years. Their rise in fame came in the 1800’s when the iron and steel industry revolutionized construction. As architects and engineers began building skyscrappers, modern elevators became a critical factor in the buildings functionality. Aristocrats began adding elevators to their home construction. As baby boomers age, the resurgence of adding home elevators has escalated in recent years.
Climbing stairs may be a long journey for individuals suffering from hip and joint pain. Home elevators help increase mobility when added to a home. Additionally, home elevators save square footage when constructed for use instead of stairs. Consumers needing the home elevator for wheelchair use repeatedly found elevators more practical than wheelchair ramps and they are extremely safe needing very little maintenance. In the event of a power outage, emergency lowering features allow the car to descend to the next level allowing passengers to exit safely.
Southern states, such as Florida, Louisiana and Mississippi especially find a residential elevator helpful, since that's the area where senior citizens often go to retire. Plus there's the added benefit that in this area of the country where real estate is already at a premium, an elevator enhances the home's resale value even more.
Residential Elevators are more affordable than you might think. A residential elevator can be as low as the price of a mid-size car and if you consider the costs of building a dream home today. Prices begin at around $11k and move up depending on the features desired. According to most elevator manufacturers, the better home elevators are truly one-of-a-kind, and come with car styles, custom features and accessory options to personalize your selection. Elevators are customized to meet the needs of the consumer.
Outside of necessity, Smith says it is the new features that help make home elevators so popular. Some of the features to customize your home elevator include lighting fixtures, handrail design & finish, gate design & finish, operating plate finish, and phone options. Can be created to match the design and finish of a homes current cabinetry.
The addition of a residential elevator is an investment. The more accessible the home, the more appealing it will be to a wider variety of potential buyers. Many buyers walk away from a home they may have really liked because they are worried about their current or future mobility. Whether out of necessity, or as a long term investment in your home, the addition of a home elevator can add function and value to your future. The cost of a home elevator is nothing compared to the convenience it provides.
