Congratulations on finding your dream home that features an elevator! However, there are some specific considerations you should take into account regarding this type of equipment. Purchasing a home with an elevator combines luxury and convenience, perfectly catering to various needs, such as supporting aging relatives or enhancing the property’s accessibility and value. Nonetheless, buyers must carefully examine several essential factors when considering a home equipped with an elevator. Key considerations include the elevator’s maintenance and operating costs, its influence on the home’s layout, safety features, and compliance with local building codes and regulations. Additionally, assessing the elevator’s age, reliability, and maintenance history is crucial for ensuring it fulfills both current and future requirements.

When contemplating the purchase of a home with an elevator, you should pay close attention to the following aspects:

Age and Condition

Determining the age and general condition of the elevator is crucial. Investigate how long it has been in service and whether it has been properly maintained. A relatively new elevator with a solid maintenance history is less likely to require repairs or replacements soon. Typically, home elevators last about 20-25 years if they receive regular servicing.

Inspection Records

In a real estate transaction, two primary types of elevator inspection reports are generally recommended. The first is for the initial installation, confirming that the elevator met all code requirements and received proper testing from a licensed elevator inspector. A second inspection is advisable at the time of sale, preferably by an independent elevator inspector or installation company. While an initial acceptance report is valuable, it’s important to ensure the elevator meets current codes as regulations evolve and equipment ages. If there are no inspection reports available, insist on having an inspection conducted.

Building Codes

Local building codes differ from elevator codes, so verifying that the elevator installation complies with all local zoning and building codes is wise. The easiest way to do this is to obtain a copy of the initial building permit, which is typically accessible online via local county property records. Be on the lookout for potential issues, such as a lack of building permit records for properties modified to add an elevator that may not meet code.

Warranties

Investigate existing warranties and service agreements. A newer elevator may come with a manufacturer’s warranty or an installation warranty, which are distinct. The manufacturer’s warranty typically covers parts that are free from defects, while the installation warranty addresses adjustments from the installing company. Confirm that any warranties are transferable and inquire if the seller has an active service contract in place.

Capacity

Check the weight capacity of the elevator to ensure it meets your current and future needs. For instance, consider if you may require the capacity to accommodate a power-operated wheelchair, which necessitates a higher weight limit.

Check for Recalls

Inquire about any known defects or recalls affecting the elevator model. Over time, certain home elevator models have faced recalls, so it’s important to verify there are no outstanding recall issues. Sellers must disclose any known elevator problems to prospective buyers.

Operation 

Understand how to operate the elevator by asking pertinent questions. Familiarizing yourself with its features is critical for a seamless transition into your new home. Modern residential elevators usually come with easy-to-use controls and straightforward instructions. Before completing your purchase, request a demonstration from the seller or a technician to learn about operating the elevator, including emergency features, basic troubleshooting, and routine maintenance checks. Being comfortable with its use will enhance your confidence in this convenient amenity.

Manuals

Acquiring the manuals is vital to ensure you receive all necessary information regarding the elevator’s operation and upkeep. The owner’s manuals typically offer detailed usage instructions, troubleshooting guides, and maintenance schedules. Be sure to ask the seller for these documents and store them in an easily accessible place. Having manuals on hand will help you quickly resolve any issues and maintain the elevator effectively.

Manufacturers Information

When buying a home with an elevator, it’s essential to obtain the manufacturer’s contact information along with that of the installation company. This will facilitate the updating of registration information and provide access to support if necessary. Request this information from the seller, including the manufacturer’s phone number, email, and website, which may also be found in the owner’s manual. Having direct access to the manufacturer enables you to efficiently address any issues and ensure the elevator operates smoothly.

Insurance Changes

It’s crucial to understand the insurance implications. Contact your insurance provider to discuss how the elevator may affect your homeowner’s policy, as you might need additional coverage for potential elevator-related damages or liabilities.

Leave Time

Ensure you allocate enough time to tackle any considerations that may come up, such as arranging professional inspections, understanding maintenance requirements, and reviewing warranty options. Allowing sufficient time will help you thoroughly evaluate the elevator’s condition, secure necessary documentation, and make informed decisions without feeling rushed. Taking these precautions will facilitate a smooth transition and long-term satisfaction with your new home.

Why Choose The Home Elevator Company?

We understand purchasing your dream home with an existing elevator is exciting. It is important to choose a reliable and honest home elevator company to inspect and make sure your new investment is both safe and has been properly maintained. At HECO we specialize in home elevator installations, repairs, and inspections. If you have questions, please call us at 866.632.0342.