Maximise property value with a home elevator

If you are a homeowner wondering how to add value to your property asset, have you consider installing a residential lift?

When selling, a home elevator will help you appeal to a wider market, including the elderly or those withlimited mobility.

Homebuyers are often looking for a lifetime investment. The longer they can stay in their property, the better. Accessibility is an important, desirable feature for any homeowner hoping to live in their own home long into retirement.

A residential elevator or mobility lift can inspire potential buyers to see a home that will support them as they age.

The market for accessible homes in Australia is a growing one. The number of people aged 65 and over is projected to double from 3.2 million to 6.8 million by 2040, according to the latest figures released by the Australian Bureau of Statistics. Additionally, the number of people 85 and over is forecast to almost triple, reaching 1.2 million by 2040. This means that alterations you make now will soon benefit from an aging population increasing demand for accessible homes.

But it’s not just the elderly and retired who will covet your property’s mobility lift. Many people can unexpectedly develop a need for accessible housing after sustaining an injury at work or during physical exercise. More than 3,500 people are hospitalised each year as a result of football related injuries in Victoria alone, according to Equal Access, a leading disability consultant.

Of course, style and convenience can be another benefit of installing a home lift. Residential lifts are often considered a status of luxury and quality.

You just might find that there are a number of potential home buyers out there who believe this factor of sophistication is worth paying a little extra for!