Years ago, elevator installation was considered something for luxury homeowners. However, more people are now deciding to install elevators in their residences. According to Global Market Insights, the elevator market exceeded $99 billion this past year, and it continues to grow rapidly. These are the main reasons why residential elevator services have become so common.

1. They’re Great for Older Folks

Walking up and down multiple flights of stairs can be painful or impossible as the body ages. Many seniors wind up moving to single-story homes because they feel they have no choice. A new elevator system provided by a residential elevator service ensures that those with mobility issues can continue to enjoy every floor of their house.

2. They're More Convenient

A residential elevator system offers fantastic convenience, especially for homeowners with multiple stories. For example, a person may have a laundry room in the basement. Instead of carrying numerous loads down two flights of stairs, they can hop in the elevator. This helps increase efficiency and prevents injuries.

3. They Enhance a Property's Value

Elevator installation can instantly increase property value and help you get an excellent return on investment. Most homeowners can add at least a portion of the installation cost onto their home's price when it's time to sell. Having an elevator can also help you sell your house faster because it makes your home more appealing to populations with mobility issues. Most people will pay more for a home with the convenient features they want.

4. They Maximize Home Spaces

Elevators take up significantly less space compared to stairs. Many people designing a home to be built leave out stairs or opt for small, narrow staircases because they will hardly use them. This allows homeowners to use every square foot available, further increasing property value and ensuring homeowners love their space.

5. They Contribute to Your Home’s Aesthetic

Most people envision cold, stainless steel doors when they think of elevators. However, there are a lot of options that can be provided by an exceptional residential elevator service. Be sure to ask your local elevator installation company about the different systems they offer. They can match you with an option you'll love.

The popularity of residential elevator installations continues to increase as more people think about their future home living conditions. We offer professional installation services to help you enjoy an elevator's convenience. Contact Panhandle Elevators Inc when you're ready to learn more. We look forward to speaking with you!