A lot of people are asking whether they should install a home elevator to age-in-place or move. As of the early 2020s, 10,000 people turn 65 every single day. In fact, over the next decades, the number of senior adults will more than double making 88 million people prone to having mobility issues. That’s 20% of the population by 2050!
That is a lot of people who will need to modify their home or make the difficult choice to move from their family home. Clearly, demand will continue to rise for homes with elevators or installation of a residential elevator.
But even though you have a lot of company trying to make the decision if aging in place by retrofitting a home elevator is right for you, it does not mean the decision becomes easier. Everyone’s situation is different. So we offer some information to help you learn about choices and trade-offs to determine what is right for you. We address both financial and emotional aspects.