Winding drum elevators were popular in the late 19th and early 20th centuries in commercial buildings. One of the basic questions you’ll ask when considering a home elevator is this: “Will an elevator increase the value of my home?”

The obvious answer is “yes”, yet it is still important to understand how and why a residential elevator can increase a home’s value.

In a luxury home, a custom luxury elevator can be a tremendous selling point. We may all have our own definitions on what constitutes a luxury home so let’s go on the premise that this would be a home that would, at minimum, list for high six figures.

This does not mean that only these types of homes can benefit from a home elevator. Multi-family homes have become more common over the last several decades. There was a time when home elevators were simply for wealthy homeowners in big, fancy houses. That is no longer the case. These days, there are many elevators that are designed strictly for residential purposes and can be added to home with minimal construction.

Housing developers are also seeing how elevators can add value to a home. The homes are attractive to people who have mobility issues yet still want the size, space and freedom provided by a multi-family home. As the population ages, buyers, sellers and contractors are seeing the value of home elevators.

Artisan Elevators also understands how an elevator can add value to a home. Artisan can design a custom luxury elevator to fit the needs of your specific luxury home. One of the big pluses of a custom luxury elevator is the ability of the elevator to blend into your home. Contact Artisan Elevators today to find out how we work with you through every step of the design and installation process.

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