Home elevators are becoming more popular for a variety of reasons, largely driven by shifts in demographics, lifestyle preferences, and advances in technology. Here are some of the key factors contributing to their rise in popularity:

1. Aging Population and Accessibility Needs

• As people live longer, there’s a growing desire to age in place. Home elevators make it easier for older adults to stay in multi-story homes, providing a safer alternative to stairs and improving overall accessibility.
• Families with individuals who have mobility challenges or disabilities benefit from elevators as they allow greater freedom and independence in moving around the home.

2. Increase in Multigenerational Households

• More families are living in multigenerational homes, where different age groups with varying mobility needs share the same space. Elevators provide a practical solution for everyone, from young children to elderly family members.

3. Convenience and Luxury

• Elevators add a touch of luxury and modernity to homes, which appeals to homeowners who value convenience. They also make it easier to move heavy items, like groceries, luggage, and laundry, between floors.
• For people with large homes or townhouses, an elevator can significantly improve the home’s functionality and reduce physical strain.

4. Property Value and Market Demand

• Installing an elevator can increase a property’s market value and appeal, particularly in high-end real estate markets where accessibility and luxury features are highly valued.
• Homes with elevators may attract a broader pool of potential buyers, as the added accessibility can be a major selling point.

Best Time to Install a New Home Elevator

There are many reasons to install a home elevator, however when is the best time to move forward with that installation?

The best time to install a home elevator typically depends on your specific needs, budget, and home layout. Here are some factors to consider for choosing the optimal time:

1. During New Construction or Major Renovations

• Ideal Time for Planning: Installing an elevator during a new build or major renovation is often easiest and most cost-effective. You can integrate the elevator into the design, allowing space for the hatch, elevator components, wiring, and required structural support.
• Design Flexibility: With an open floor plan, it’s easier to choose an ideal location and ensure seamless integration with the rest of the home.
• Cost Savings: Construction costs are generally lower since builders can include it in the initial project, rather than modifying an existing structure.

2. When Remodeling with Accessibility in Mind

• Aging in Place: If you’re planning to age in place, adding an elevator as part of an accessibility remodel can help make future years more comfortable and accessible.
• Family Needs: If someone in your household has mobility issues, an elevator can greatly enhance accessibility and make daily life easier.

3. Off-Peak Construction Seasons

• Cost Savings: In some areas, fall and winter months can be less busy for contractors, which may result in lower labor costs and shorter lead times.
• Quicker Availability of Materials and Professionals: Scheduling during off-peak times might also give you quicker access to skilled installers and necessary materials.

4. Before Resale to Increase Property Value

• Market Appeal: Installing an elevator before selling a home could increase its market value and attract a wider range of buyers, especially in markets where accessibility is highly valued.

If you’re considering a retrofit installation (adding an elevator to an existing home), it’s worth consulting with a professional who can help assess structural requirements, potential costs, and timeline to ensure a smooth installation.

At HECO we specialize in home elevators. Whether you are building a new home, renovating your home, or are looking to replace an existing elevator we can assist with all of your residential elevator needs. If you would like to discuss your home elevator needs contact us today for a Free in-home consultation at 904.853.5163.