Is a Residential Elevator Worth the Investment?

A few decades ago, the idea of a residential elevator would have seemed absurd and extravagant. Surely, there could be no reason to install one in your average suburban home. Elevators are for office buildings and the occasional opulent mansion, right? Now, however, residential elevators are rising in popularity, not merely as a convenient home feature, but as an essential way to improve mobility and accessibility in the home. But is it worth that upfront cost, or still something that should be reserved for suburban mini-mansions? Keep reading to find out if installing a External link opens in new tab or windowresidential elevator lift in Louisiana is really worth the cost.

Accessibility for Those with Disabilities

Disabled man in elevator

Few things are more frustrating than feeling trapped within your own home. However, with the average lifespan in America increasing, more and more elderly individuals are facing the challenges of declining mobility. As we age, our bodies naturally struggle with previously simple tasks—like climbing stairs, for instance. This is one of the many reasons that some people are turning to residential elevators as an accessibility solution.

A residential elevator allows those with disabilities to more safely and easily navigate between different floors of their home. They don’t have to worry about the dangers of navigating the stairs and, if they rely on a mobility device like a walker or a wheelchair, they also don’t have to worry about trying to move those devices between floors. While other mobility solutions like stairlifts can’t bring those devices with you, an elevator provides a secure, safe space for moving between floors with any device you might rely on for mobility.

So, is being able to feel safe in your own home, while moving about all of its levels freely, worth the cost of installing an elevator? We certainly think that this reason alone makes elevators more than worth the investment. However, if you’re not convinced, we have a few more reasons for you to consider.


Convenience and Comfort

Disabled individuals are not the only ones who can benefit from the installation of a residential elevator. Even those who can still navigate their stairs safely and easily may find their home elevator a convenient way to move heavy objects between floors, for example. Carrying something heavy or bulky up and down the stairs can be dangerous for even the most able-bodied individuals. Provided the object can fit safely inside your elevator, having one in your home offers you a safer solution than lugging things up the stairs on your own.

Consider how often you have to slowly navigate the stairs with a laundry basket, heavy box, or wailing toddler in your arms, and you might start to see how a residential elevator could pay for itself in the value of convenience alone.

Future-Proofing Your Home

residential elevator next to stairs

If you’ve found the home you want to live in for the rest of your life, you should ask yourself an important question: Will you be physically able to live in that home if your mobility changes? Most modern homes are two-story family homes, providing more square footage with a smaller footprint. While this can seem perfect for your family right now, that can quickly change if an accident or age steps in and unexpectedly changes the mobility needs of a family member.

It’s important that your forever home is equipped to handle your needs both now and in the future. Installing an elevator is a way to future-proof your home so that you can feel confident in your ability to stay there for the rest of your life.

Increased Property Value

So perhaps you’re seeing the intrinsic value of a residential elevator by now. But what about the actual cash value of installing an elevator? Is it ever going to pay for itself? Ultimately, the only way that this type of installation is going to pay for itself is if you end up selling your home. If this is your forever home, as we’ve talked about above, the impact of the elevator on your property value may not bear much consideration.

However, if you think you might sell your home in the future, a residential elevator could still be worth the cost. Unlike other mobility solutions, such as stairlifts, elevators are seen as a property feature that benefits everyone within the home. This creates a positive impact on your market value due to its widespread appeal, so you can sell your home for more.

If you would like to learn more about the cost of installing an elevator in your home, contact K N Enterprise, LLC, today for a customized quote on our External link opens in new tab or windowresidential elevator service in Louisiana.