7 Important Things To Consider When Choosing To Install An Elevator

Residential home elevators have been existed since the late 1800s, but they have only been available to the wealthy and famous until lately. In the late twentieth century, advances in electric motors and hydraulic lifts brought residential elevators within reach of many homeowners, while they are still widely perceived as excessively expensive or a superfluous addition to most people’s homes.

This is incorrect for a variety of reasons. Property elevators are not only more inexpensive than they have ever been, but they can also pay for themselves by increasing the market value of a home. Elevators in the home can also help elderly and people with restricted mobility age in place and avoid expensive stays in nursing homes or assisted living communities. Even modest home elevators can raise tremendous weight with a little footprint, and they retain enough of their old grandeur to make them one of the most cost-effective upgrades you can make before selling your property.

The Usefulness of Home Elevators

For more than a century, home lift part suppliers have been more cheap. As the average age of Americans rises, designers are paying more attention to mobility enhancements in the home, and many home builders now provide elevators as a design option. Families with children or expecting children are also turning to elevators that can transport baby carriages, car seats, and tired parents from one floor to the next. Home elevators are also a practical safety enhancement, as falling down the stairs is one of the main causes of preventable injury in the United States, and it is a problem that affects people of all ages.

“People have always sought ways to age in place, but with recent more cheap technological breakthroughs, the home elevator has become a typical option when building or renovating a home.” Day Elevator & Lift President Evan Petrower

7 Things to Think About Before Installing an Elevator in Your Home

1. Available Space

For many house elevators, space is a primary constraint. This is especially true in homes built before the 1980s, when home elevators were nearly never considered. As a general rule, allocate at least 20 to 25 square feet of space as close to your stairwell as possible, or in the room’s corner. Building standards vary by state, but most elevators require 18 square feet of floor space, plus possibly another 5 square feet for the elevator shaft.

2. What is the purpose of a home elevator?

Another element that influences your decision is why you want a home elevator in the first place. Home elevators provide a convenient and safe way to move between floors in your home, but the model you choose and the location where you install it will be influenced by the purpose of the elevator.

Some people install elevators as an investment rather than because they require assistance going up and down the stairs. Others choose an elevator because they have a disability that makes climbing or descending steps difficult or risky. Some homeowners construct an elevator to aid with aging in place, as a backup plan for days when the stairs are too much for them to handle alone.

Home elevators are available in a variety of styles, but they generally fall into four categories: regular retrofit, void of a stairwell, closet-to-closet, and thru-cab.

3. Budgetary constraints

Unfortunately, any home repair project must consider budget. You should anticipate to pay between $20,000 and $30,000 for a new elevator installation in most parts of the country. More elaborate or extensive prep work, such as running hydraulics or adding electrical access to the elevator control box, is likely to raise the costs. Glass elevators, the number of stops, and/or high-end finishes on fixtures, such as brass fittings, can all increase the cost of a new home elevator, while also increasing the total value of the home. In addition, installing an elevator in an existing home is often more expensive than adding one during construction.

4. Maintaining Independence While Living with a Disability or Aging in Place

When elders own their own homes, aging in place is one of the most cost-effective options. You will save money by not having to relocate into a nursing home or assisted living facility if you install a home elevator/lift. According to Genworth Financial’s 2019 Cost of Care Survey, the average monthly cost of assisted living in the United States is $4,051. According to the same poll, even a shared room in a nursing home might cost more than $7,500 per month.

Any home repair that delays admission to a residential care facility for a senior with limited mobility might potentially save tens of thousands of dollars per year.

You will eventually return to the familiarity and comfort of your home. With a home elevator, you may remain self-sufficient and independent, allowing you to Age in Place.

5. Resellability

As important as cost is, the expense of a new home elevator must be considered against the additional value it offers to your home. In most cases, new home elevators increase the value of a home by 10%.

A portion of the rationale for this increase in value is the convenience and increased safety of an elevator. Another advantage of elevators is the visual improvement they provide to a home. A visible elevator near the stairs has the charm of the Gilded Age townhouses that were the original application for home elevators than a century ago, and they may still set a home apart in a competitive housing market today.

“Whether installed during new construction or renovated years later, a residential elevator will boost the marketability and value of your property, as the extra amenity may appeal to a wider range of potential home buyers.” Evan Petrower says

6. Limitations

Installing a house elevator also allows those who are recovering from surgery or injuries to remain in their own homes. People’s everyday activities are kept as close to normal as feasible in modern rehabilitation and post-acute care. Even a basic stair lift could minimize inpatient hospitalizations to long-term care facilities and encourage shorter recovery times for those with a restriction that makes ascending steps a barrier to staying at home.

Home elevators also lessen the need on in-home carers that many seniors and individuals with disabilities have. Even simple duties that entail climbing a flight of stairs may have to wait until your caregiver can come over to assist you if you live in a multistory house without an elevator. Having an elevator that can quickly transfer you upstairs helps to maintain the independence and dignity that most sorts of modern senior care are based on.

7. Construction Time/Installation Time

The type of elevator you choose, the number of levels you need it to access, and whether you’re building a new home or retrofitting an existing one will all affect the time and cost of installation. The installation period for an accessibility lift ranges from two weeks to four weeks for a hydraulic elevator and six weeks for a traction elevator. Preparation work, such as hanging the hoistway doors and installing electricity, is also required, extending the installation time to up to eight weeks for a hydraulic elevator.

What Does a Home Elevator Require?

A new house elevator requires extensive planning. Before breaking ground on new development, it’s usually easier to have a lift system built into the blueprints. If you already own a property, you can start planning your elevator installation well ahead of time.

There is no conventional elevator installation that everyone can bring home because people’s homes are nearly as diverse as the folks who live in them. Consider the aspects that impact what type of elevator you can buy, where you can put it, and how long it will take to get moving when constructing your own system.

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