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Elevate Your Building's Market Value

Dru Brooks

Whether you are preparing to sell a property or simply working to attract new leases in a competitive real estate market, paying attention to the details can make the difference. When it comes to improving your property’s market value, a sometimes-overlooked area is your elevator. However, a having fully upgraded, aesthetically pleasing elevator can be instrumental to increasing the allure of your building and assuring user satisfaction.

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Don’t Neglect the Elevator When Adding to Market Value

If you are a property owner with an on-site elevator, it is important to understand the positive impact elevator redesign can have on your property, so review the two major benefits of having your elevator system renovated in order to enhance your property’s overall value and increase your revenue.

Unifying Your Building

Creating a unified and visually appealing building is instrumental to attracting renters. If you have upgraded your building's hallways, lobbies, and other public areas, renovating your elevator system is an excellent way to harmonize the building's aesthetics and complement your existing renovations. When a lobby has been renovated and looks exceptional, older looking elevators usually appear much more unappealing by comparison. Popular materials such as glass patterns, metals, stone, and wood in an elevator renovation are trendy features to implement to increase your property’s overall charm and are sure to attract many potential tenants.

Modernization

An elevator system that is completely out-of-date can make your facility as a whole seem outdated as well. If your building is older, renovating your elevators is a great way to increase your property’s attractiveness, promote user satisfaction, and grab the attention of potential leasers or buyers. Even if your building itself is not old, an elevator system is only built to last for 20 years, so if your elevator system is now over two decades old, renovation procedures can help optimize the underlying functions and promote the physical attractiveness of your property overall.

Newer elevators are far more energy and cost efficient when compared to older systems, and many contain new technologies to help reduce wait times and decrease the number of wasted trips, which can dramatically improve rates of user comfort and convenience. Modern elevators can also self-monitor to adjust for serious issues such as pressure problems or an object being stuck on the track, which can make managing your elevator system a much easier and safer process. A modernized elevator can maximize your building’s charm by making a great and lasting impression on all who enter.

Liberty Elevator Can Help

We are committed to making your elevator run as efficiently as possible through regular maintenance & the modernization of your equipment.  Contact Liberty Elevator for an inspection of your property and an honest assessment of your elevator options.

 

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