Take Your Property to the Next Level
Whether you are preparing to sell a property or simply working to attract new tenants 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.
Having fully upgraded, aesthetically pleasing elevators can be instrumental in increasing the allure of your building and assuring user satisfaction. Here are guidelines to help increase your property value with assistance from your property’s vertical transportation systems.
Don’t Neglect the Elevator When Assessing Market Value
If you are a property owner with an elevator, it is important to understand the positive impact elevator redesign can have on your property. It's important to review these 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 seamlessly beautiful building is instrumental to attracting new renters and setting the value of your property. If you have upgraded your building's facade, lobbies, and 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, older elevators typically appear even more unappealing by comparison due to the contrasting styles & wear. Continuing popular lobby materials such as glass patterns, metal finishes, stone work, and wooden accents in an elevator renovation are trendy features that increase your property’s overall charm and are sure to attract potential new tenants.
Modernization of Your Elevator
An elevator system that is completely out-of-date can drag down your property value even after other major renovations. 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 efficient and cost saving, compared to older elevator systems. Modern elevators can operate with new technologies that help reduce wait times and decrease the number of wasted trips, which can dramatically improve convenience and guest experience, while ultimately reducing operating costs. A modernized elevator can create a lasting impression while elevating the esthetic and charm of your recently renovated property.
When it's time to financially evaluate your property, don't forget to consider modernizing your elevator and how it will impact your overall market value.
Liberty Elevator Can Raise Your Property Value
Liberty Elevator Corporation is committed to improving your property value through vertical transportation that is efficient, cost effective and attractive to your guests. Weather you need a complete elevator modernization, cab refurbishment or regular maintenance, Liberty will deliver results that positively impact your property’s' market value.
Contact Liberty Elevator for an evaluation of your property and an honest assessment of your elevator options across New York, New Jersey, Philadelphia & South Florida.
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