Canadians have become increasingly determined to age in place. As the population grows older, there’s a concerted effort to ward off moving to an assisted living facility. The installation of residential elevators in single-family homes has emerged as a popular option, particularly in pop culture.
Numbers provided by manufacturers indicate Toronto, Vancouver and Calgary lead the market. Having installed over 80 home elevators in Calgary alone in 2012. Research conducted by Massachusetts Chief Elevator Inspector Stephen Sampson shows a 40% increase in residential elevator installations in Massachusetts over the last five years as well, showing this development is also a trend within the US. As of March 2016, there were an estimated 2,070 residential elevators, which is up from 1,474 in 2011.
Due to their prominence on popular reality shows such as “The Real Housewives,” these residential elevators have served predominantly as a status symbol. The irony of the situation is that we live in an era dominated by healthy lifestyles and fitness tracking bands. This has caused many of these homeowners to gravitate towards the stairs in their home in lieu of their elevator. With that being said, elevators can be effective for aging loved ones with physical ailments if you can afford one.
How much does a home elevator cost?
According to the Globe and Mail, residential elevator costs are very high are priced between $20,000-$30,000. This price does not include maintenance, interior design fees or the installation of an elevator shaft which can cost upwards of $500,000.
Only a small percentage of people can afford a residential elevator and can incur these exorbitant costs. However, the capability to live comfortably on a budget is not far-fetched.
Stairlifts: an affordable alternative to residential elevators
With a Stannah Stairlift, you can navigate your home safely for a fraction of the cost of a residential elevator. Starting at just $3,000, you are afforded the same opportunity to maintain your independence, and age in the comfort of your own home, without the need to spend more than half a million dollars.
It seems as if their intended use seemingly takes a backseat to their ability to serve as a conversational piece. However, with the purchase of a Stannah Stairlift you will be making a practical investment that will immediately impact the quality of your life.
Visit our Stairlifts page to discover our full range of affordable mobility solutions for you!
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