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How a Home Elevator Could Increase Your Property Value

Adding a home elevator to your property can make a great impression on potential buyers, and in some areas, may even increase the resale value of your home in the long run. Home elevators can provide convenience and added safety to your home, and assist in safely moving elderly and disabled individuals throughout the home.

Most home elevators range in price from $20,000 to $30,000 drastically, depending on the size of the elevator, the weight capacity, the type of track, and what other special features you choose. It is possible to get a basic interior residential elevator installed in as little as a weekend.

A home elevator does take up space in your home and requires power, but it can be designed to fit in with your existing décor. While the elevator is running, there is usually a slight hum from the motor, so it’s important to plan where the motor and track will be placed.

Installation and Maintenance

The installation of a residential elevator does require some disruption in your home, but a professional installation team should be able to complete the job quickly and with as little disruption as possible. Most elevators come with a warranty and require scheduled maintenance such as oil changes, track cleaning, and inspections.

It’s important to note that elevators need to be installed according to local and state building codes, and in some cases, additional permits may be required. A qualified contractor should be able to advise you on the requirements in your area.

Overall Benefits

The benefits of having a home elevator are extensive, especially for those who struggle with stairs. Home elevators are a viable alternative to stairlifts, both in terms of cost and the amount of floor space they take up. They can also provide convenience and an additional wow-factor when it comes to potential sales. They may even be considered an upgrade to the property when it comes time to resell your home.

Adding a home elevator to your home can be a costly endeavor, but done carefully and with the right planning, the investment is well worth it. Home elevators are a great way to increase the overall accessibility and convenience of your home.

A home elevator can greatly increase the quality of life for anyone living in a multi-level home. As well as providing convenience and increased safety, it can also lead to increased property value when it comes time to sell. Home elevators do take up some space, require maintenance, and are an expensive investment, but can also bring a range of long-term benefits.

Advantages

  • Increased accessibility for elderly and disabled individuals
  • Added convenience to multi-level homes
  • Increased property value
  • May be used in lieu of stairlift in many cases
  • Can be designed to fit with existing décor

Conclusion

Investing in a home elevator can be a costly endeavor, but it can also increase the overall convenience and accessibility of your home as well as improve your property value. Consider all the advantages when determining whether or not a home elevator is the right choice for your home.

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