Why Residential Elevators are More Affordable than You Think | Why Residential Elevators Are Worth It
Most people associate personal elevators with one of two things: opulence, or home mobility solutions. Either way, the prevailing assumption about these elevators tends to be the same – “there’s no way I can afford it!”
In reality, however, residential elevators can be entirely within a homeowner’s budget, and, as a mobility solution, there’s no better way to equip a home for the comfort of seniors and individuals with disabilities that limit their movement. Elevators provide for greater independence by allowing those who have difficulty climbing stairs to continue to complete their chores and self-care as usual – whether doing laundry in the basement or retiring for bed on the 2nd or 3rd floor, elevators remove the singular difficult, dangerous obstacle of climbing and descending stairs with minimal renovations to your home.
How affordable are home elevators?
Consider the cost of a car, motorcycle or any other mode of transportation you prefer. Chances are, whether or not you’d buy one was never a question – after all, without a vehicle, it’s difficult to live your life to the fullest, let alone accomplish all your daily tasks. Elevators, which are substantially less expensive than many new cars, fulfill this same purpose for those who are primarily homebound and rely on home lifts to help them with daily mobility.
The average cost of installing a Mobility123 elevator in your home is estimated at roughly $20,000 – including full-service installation and all of the necessary materials, which usually come assembled or are assembled by those implementing your mobility solution. Of course, as with anything, elevator prices can climb when certain amenities are added, whether for functionality or aesthetic concerns.
If $20,000 still seems expensive, consider the alternative costs associated with increased independence or home care solutions.
- national hourly rate for home health aides: $15/hour ($600/40 hr. week)
- Monthly cost of an Assisted Living Facility: $850-4000/month
- Yearly cost of a nursing home: $77,000/year
Many of the models of home elevators carried by Mobility123 – including those from Savaria and Waupaca – come with multi-year warranties, meaning their excellent condition is guaranteed. In cases where seniors wish to preserve their independence but have difficulty with their mobility in their current home, or in situations where an older relative requires home care but does not wish or cannot afford to move to an assisted living or nursing home facility, home elevators can be invaluable solutions. They are both an economic alternative as well as a means by which individuals can continue to enjoy their dignity and comfort.
If you’re interested in installing an elevator in your home, give us a call at 609-248-9272; the experienced representatives at Mobility123 are happy to answer any questions you may have, and to help you begin the process of this life-changing addition to your or a loved one’s home.