The (Financial) Case for an In-Home Elevator

Single Family Home, Multi-Generation Living

A home elevator doesn’t come cheap:  it can easily cost $40k or more.**

But, neither does assisted living.

Cost-Benefit Analysis

Assuming that a nursing home costs $10k a month, the pay-back period for an in-home elevator can be as short as 4 months.

Which is why at least a few homeowners with the means are opting for the former.

Fringe benefit:  a substantially better quality of life for the aged family member . . .

**That’s when the elevator is incorporated into new construction; retrofitting an existing home to include an elevator can be significantly more.



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