If you are one of the more than 20% of Americans with disabilities, or one of the up to 40+ million aging baby boomers today, which will swell to over 83 million by the year 2050, listen up! The U.S. Internal Revenue Service’s Website provides a comprehensive list of items which are tax deductible as a health deduction on your income tax, which you could use to help recoup at least a portion of your remodeling expenses. Whether you are considering the addition of safety bars in the bath, widening your bathroom doorway for a wheelchair, adding a ramp from your garage, or an elevator to the second floor, these are deductions you want to consider!
The home improvement market is now a $214-billion-a-year industry and this is due at least in part, to the aging baby boomer population! A recent study from Harvard University shows that the home remodeling industry is at least partially responsible for the increase in the country’s economy. Since the U.S. Census bureau reports that up to 86% of baby boomers have full intention of retiring and aging in their own home, this booming home improvement market is sure to grow respectively along with the ranks of the aging boomers.
“Home improvements that provide a medical benefit. Deductions have been allowed for an elevator for a person with a heart condition . . ."
Remi Home Elevators is one of America’s oldest and most trusted home elevator manufacturers, helping thousands of individuals to live a higher quality of life in the homes that are so dear to them. . If you have questions about a residential elevator for your home contact us.
While you will want to discuss these IRS deductions with your own accountant, Remi Home Elevators can help by putting our decades of experience to work for you! We can help by answering your questions about residential elevators, and by directing you to the information you need to know to get the best deal on a home elevator.
Why A Hydraulic Elevator Is The Popular Choice Among Homeowners
December 28th, 2014
Residential elevators are a luxury item for some people while a necessity for others. Today home elevators are helping to make it possible for individuals with mobility issues to live in multi-story homes. Although the inner workings of a home elevator are relatively the same, the cab itself comes in a variety of designs and styles to meet every homeowners tastes and needs. Even more importantly, home elevators can be installed in existing homes rather than only during construction. Because of the growing popularity of home elevators, some builders are including a provision for adding an elevator to the home at some point in the future.
Hydraulic Elevators are perfect for low rise buildings making it the ideal choice for a home elevator. The hydraulic elevator utilizes a machine room to house the drive mechanisms. But most people are surprised to find that you don't need a large amount of space for the machine room and installing a home elevator is relatively easy and fast.
The hydraulic elevator is the most popular choice for homeowners because of the low cost to build, install and maintain. But an even greater reason for its popularity is the better safety record of the hydraulic elevator as compared to the electric elevator. This is especially true in earthquake prone areas. In 2001 the earthquake in Seattle caused damage to only 1% of hydraulic elevators compared to 11% of electric elevators. For more information about servicing and safety of hydraulic elevators click here.
As you begin to learn more about the different types of home elevators available it is important to consider the cost and safety of each. Use our Home elevator calculator to learn find out the cost of installing an elevator in your home. Home Elevator Calculator
Home Elevators Offer Many Benefits for Homeowners
December 16th, 2014
Homeowners are finding the benefits of installing an elevator in their existing home outweigh the cost of moving. The home elevator is quickly becoming an integral part of many modern homes. It offers a convenient way to transport people and good from floor to floor in larger homes and provides more mobility for individuals with mobility challenges.
When you think about installing an elevator in your home you probably, like most homeowners, imagine needing some major modifications. Today, installing an elevator is actually less disruptive than you may think. The machine room required is actually much smaller than you may think. Take a look at the diagrams here for more information about space requirements.
Increase the value of your home
Residential elevators provide individuals with mobility challenges and the elderly the ability to remain in their home longer. Beyond providing a solution for increased mobility in the home, an elevator will increase the resale value of your home, making it a great investment too!
Remi Home Elevators incorporates advanced safety features to ensure the safety and comfort of the users. Electro-mechanical door locks are designed specifically for residential applications. Our door locks conform to ASME standards and have passed accelerated life tests of 25 years. Our door locks feature:
- Positive responding contacts
- Are cost efficient
- Do not use micro-switches
- Mount to a setback of 2 5/8 inches
Learn more about the 3x5 safety rule here
In summary, residential elevators provide the elderly and mobility challenged a practical solution without enduring the expense of moving or dealing with the cumbersome and outdated stair lift solution. The added benefit is the increase value an elevator will bring to your home. Get your free instant home elevator quote online today!