Factors That Influence the Price of an Elevator

Elevators have become an essential part of modern buildings in Western Australia, both commercial and residential. They provide convenience, efficiency and accessibility for people to move between different levels of a building. However, when looking to invest in an elevator, there can be a difference in the prices of elevators in the market. This can be due to various factors that influence the overall costs. 

In this blog post, we will discuss the different factors that influence the price of an elevator and help you understand what goes into the cost of this necessary investment.

Travel Distance and Number of Stops

Both travel distance and number of stops are crucial factors in determining the price of an elevator. As the distance becomes longer and the number of stops increases, the complexity of installing an elevator also increases. This requires more materials and labour, which contribute to a higher overall cost. 

Type or Size of Elevator

Elevators come in a variety of options, from budget-friendly residential Classic Lift to the prestigious and completely customisable Round Panoramic Lift. The larger the elevator, the more materials and labour are needed to build it, thus increasing the overall cost.

Cabin Finishes

The finishes of an elevator, such as walls, ceilings, flooring, and lighting, can also impact its price. The type of finishes selected can vary in quality and price, making it essential to understand the cost implications when making your decision. Choosing designer LED ceiling lighting, for example, can impact the overall cost of the elevator.

Quality of Products

Investing in an elevator is not a decision that is made lightly, and it is essential to purchase a high-quality product that will last for years to come. Elevators from West Coast Elevators are manufactured in Italy at the highest quality, ensuring durability, safety, and reliability. While the initial cost may be slightly higher, the long-term benefits outweigh the expense.

Retrofitting or Structural Modifications

In some cases, the building may not initially be designed to accommodate an elevator, and structural modifications or adaptations may be required. These additional costs can impact the overall price of an elevator.

Type of Motor

The speed of an elevator is determined by its motor, and the higher the speed, the more expensive the elevator becomes. A lower speed may be more suitable for residential homes, while a higher speed is necessary for low-rise commercial buildings or apartments with high occupancy. Some elevators, such as the Jewel Lift, offer the option to choose a faster speed for residential homes at a slightly higher cost.

Extra Features

Lastly, the extra features of an elevator can have an impact on its price but may be worth considering for the added safety and peace of mind. Features such as LEO (Lock Elevator Operation), a child safety lock, and iNVER-iQ (a remote monitoring system) are additional costs but can provide valuable benefits and investment in the long run.

While the cost of an elevator will no doubt be an important factor to consider, it is certainly not the most important factor. Factors such as quality, safety, and long-term benefits should also be taken into consideration when making your decision. At West Coast Elevators, we place a strong emphasis on providing high-quality, safe, and reliable elevators at a competitive price. Contact us today to learn more about our range of elevators and how we can help you make the best investment for your building.

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