An elevator is a constant workhouse for a multi-story building that the community relies on for their everyday living arrangements. As elevators age they will often begin to slow down, become noisier, smell unpleasant and have more frequent unscheduled down times which are costly and inconvenient to the members of a building. Our funding recommendations will follow the vendor recommendations for the specific elevator system but typically are as follows:
- Elevator Cab remodel every 15 years
- Elevator equipment modernization every 30 years
The elevator cab remodel ensures the elevator is updated and is an appealing building component as it makes a big impression on the building members, their guests and any potential Buyers as to the maintenance of the building.
Equipment modernization ensures the elevators continue to operate safely, to code and efficiently over the life of the building. After an elevator modernization it will typically run faster, smoother, have lower ongoing maintenance costs and require less electricity to operate.