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Modernizations: They can actually save money.

Elevators play an essential role in the daily movement of people between home, office, hospitals, and even shopping outlets. The design and functionality of the elevator are often unique to the architecture of each building. Though, over time elevator technology, efficiency and safety become outdated no matter the frequency of maintenance. Though, the cost of an elevator replacement may not be within budget.

Yet, elevator modernization is a new, affordable solution providing several improvements that allow you to upgrade the design, functionality, accessibility, and user experience of the elevator. Here’s how moderating your elevator is the ideal renovation solution, saving you time and money.

What is Elevator Modernization?

Elevator modernization is the most cost-effective way to address several elevator advancements, including:

  • Accessibility standards

  • Safety features

  • Energy efficiency

  • Local building code compliance

  • Increase convenience and rider experience

  • Modern aesthetic to suit building renovation

Many buildings are in need of elevator replacement but lack the resources for project funding. If budgetary constraints are an issue, elevator modernization is your ideal solution.

Top 3 Reasons to Modernize Your Elevators

Although you may think your elevator is operating efficiently, here are the top three reasons elevator modernization is necessary:

  1. User Safety: Elevators built prior to 1980 are typically lacking key safety features that are necessary for modern designs. Fire service systems, locking capabilities, and redundancy circuits, among other precautionary devices are imperative for rider safety. Meeting the latest NYC DOB safety and fire codes is critical to elevator operations.

  2. Rider Satisfaction: When elevators are in proper working order, easily accessible, safe, and modern, they boost your tenant satisfaction and in turn mean it is essential to remaining profitable. Buildings that are outdated and without properly managed elevators tend to lose tenants, making it harder to sustain income and find replacement tenants.

  3. Ongoing Repairs: Older elevators are also known to consume a lot of energy and need repairs frequently. It’s no secret that service calls can be quite expensive. Not only do repairs add up, but replacement parts with long lead times keep your elevator out of order, running you the risk of losing frustrated tenants. Between ongoing repair costs and the energy inefficiency, your bottom line can often be impacted.

If elevator user safety, ongoing repairs and rider satisfaction are all important to your building operations, elevator modernization is an option. For more information, contact one of our experts today.

VSAConsulting is licensed in New York City as an Elevator Consulting Firm.

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