I recently bought a townhome that has a pneumatic vacuum elevator, which the previous owner used due to mobility challenges. It was quite pricey—around $50,000 to install—but it needs maintenance every two years. I'm hesitant because I doubt it'll hold resale value, and removing it would cost roughly $5,000. I also want to change the upstairs carpet to wood laminate, but I need to decide if I should keep the elevator before starting that project. Do you think keeping it adds value to my home or makes it less appealing? It does take up space in the upstairs closet, but it might be helpful for someone who has mobility issues or is caring for an older parent.
3 Answers
Think about the cost of maintenance versus how long you plan to stay. Many people move to townhomes for retirement, and having an elevator could be a big plus for future buyers. Even if it’s a modest value increase, it provides useful accessibility.
Honestly, you should definitely keep it! It's a unique feature that could be useful, especially if you or someone else living there experiences mobility issues down the line.
I think it definitely adds value! I’ve been looking for homes that have accessibility features, and it’s hard to find ones with elevators. Plus, if you decide to sell, it could give you a negotiating edge.
Exactly! Accessibility features can really make a difference in the housing market. Just make sure to keep up with the maintenance!
Totally agree! If you ever injure yourself, you'll be glad to have that elevator to make life easier.