The elevators are a very important factor when it comes to revaluing a home. A building with an elevator is synonymous with comfort, accessibility and modernity. Thus, both buyers and sellers have this in mind when moving through the real estate market.
At present, having or not having a lift in a house is the second most important factor in the revaluation of blocks, since they get to increase the price of the property by up to 40%, for example, a building that costs € 1334 per square meter without a lift, you can increase its value (that is, revalue) to cost € 1879 per square meter.
The calculation for all the square meters of a house gives really extraordinary differences, however, not all buildings are equal. Below, you will see an explanation of the factors that influence when revaluing a building after installing an elevator.
Revaluation factors of houses when installing an elevator
Logically, not all elevators are the same, nor all buildings, nor the case in which the revaluation occurs after performing this installation is always the same.
In order to install an elevator in a residence that does not have an increase in its value, it is necessary to contemplate the different factors that influence when establishing the amount of the revaluation in each case.
It is not the same to install an elevator in a building of three floors that in one of ten, the more floors have a building, the more necessary it is that it has an elevator. Therefore, the higher the building in which the forklift system is to be installed, the more the house will be revalued.
If there is no lift available, the value per building height is 1% or 2% per floor, however, if the building has an elevator, it is raised and each floor revalues the building up to 18% more.
Having an elevator in the tallest buildings also increases the value and, with it, the price of the attics, terraces or roofs of the property.
The value that this type of space increases in a house is very important when it comes to revaluing a building, and the only way to make it possible is by installing an elevator.
Having a penthouse or a roof well conditioned and in perfect condition would be very wasted if the neighbors had to climb the entire building by stairs.
Installing an elevator is much more important in areas with more population within a city, since homes in downtown areas tend to have better benefits, because of that having an elevator is necessary to equalize its value with respect to other buildings nearby, since In case of not having an elevator in the most important areas of a city, the value of the house could plummet up to 27%.
This relationship can be extrapolated to a national level, and reach the results of a revaluation of up to 12.8% of the floors that have an elevator, therefore, it is very important to install elevators or hoists in good homes in urban centers such as Madrid, Barcelona or Valencia.
On the other hand, other areas in which it is very important to have a fully equipped building are those in which rehabilitation tasks are being carried out. Sometimes, institutions encourage the integration of neighborhoods in the real estate landscape, so building buildings with all amenities (among which the elevator) in these areas can be a good opportunity to obtain grants and subsidies.
Age of the building
To know if it is possible to carry out works such as the installation of an elevator in a block of flats it is very important to take into account factors such as its age.
As we have already said, the oldest buildings are not prepared to install elevators, they are more aesthetically classic than most elevators or present other difficulties, therefore, it is advisable to be well informed about our possibilities before planning the work. Depending on the installation that we can carry out, the value of the home will increase to a greater or lesser extent.
In other cases there are times that it is also necessary to do a face-lift to the building so that it does not look so old, which would also help to increase the value of the property.
Although incorporating a forklift is very important when revaluing a building, it is not the only factor that influences, and may be affected by others.
For this reason, it is very important to worry that the rest of the factors of this revaluation are up to par and, thus, having an elevator can raise the value of the house as much as possible.
These other aspects that must be taken care of are, for example, the condition of the floors, maintenance and other features that improve the building as a whole (heating, garbage collection service, etc ...).
Type of elevator
A very important factor to take into account when deciding to install an elevator in a building is the model to be installed.
It is not the same to install a model of elevator that is outdated or that requires a lot of space that one of last generation, obviously, the most complete elevators increase the value of the building up to 5% more than the models less currently purchased.
Although it seems somewhat superfluous, having the elevator to install is very important, since the older ones end up not being compatible with the current security laws, in addition, you can play with the installation space. Depending on the structure of the stair sections, it will be more convenient and practical to opt for a side or central elevator.
Depending on the case, choosing the wrong type of elevator or less suitable can be taken into account as a bad use of space, which also lowers the value of the property.
Depending on the type of elevator installed, and the age of the building, sometimes there is a great aesthetic impact between the classic style of the interior (and sometimes also exterior) of the building and the modernity of the elevator, this mismatch can make the aesthetic aspect of the common areas devalues the price of the building, although it has all the comforts.
There are elevators with an exterior design in more uniform shades, white or black, so they can fit better with an old decoration than a metallic one, for example.
Why is this situation occurring?
In a world increasingly adapted to the comfort of people, a block of flats without lift is practically inconceivable, however, having an elevator or forklift is still an important factor in the revaluation of buildings.
If this were so common, as are features such as good thermal insulation or architectural stability, it would not be so important to consider.
However, the installation of elevators is not as widespread as we think, not even in large cities such as Barcelona or Madrid.
Of the buildings built in the 60s and 70s of the last century we have, today, 19,000 blocks of more than four floors without a lift, and that only in Madrid.
What happened was that all these blocks were built before the popularization of this new invention, and such new buildings became obsolete right away, not having had the future installation of lifting systems.
The installation of elevators as a factor of revaluation
A system of elevators in a house supposes much more than a comfort for the residents, having a system of suitable elevation in the buildings with more plants supposes an extra of security to raise and to lower of the different plants in case of emergency.
In addition, it is very important for people with mobility or heart problems, who can not climb several flights of stairs correctly, for this reason, installing a forklift in a building makes it much safer and accessible to all.
Grants and grants
In recent years, the governing bodies of the different Autonomous Communities are striving to encourage the installation of elevators in buildings that do not yet have this facility, with the necessary planning costs and works, the aid offered by these institutions they reach 80% of the total expense of the installation.
Without these subsidies, the installation work costs about € 7,500 per community, but revalues the building up to € 12,500.
Once reviewed all the factors that influence the revaluation of more or less a building after the installation of an elevator, you can see that it is a considerable improvement or even a future investment.
At Astarlifts we are aware that the decision whether to build or market a building without a lift or one with forklifts already installed is the task of the builders, the architects and the buyers themselves. In short, it is always advisable to install an elevator in homes that you do not have or, if you already have one installed, change it to a more modern one or in a better state.