How to Stay On Budget When Building Your Home Lift
Planning on installing a residential lift in your home? While these are a great aid for mobility, they can also be quite expensive. If you’re not careful, the price will rise as you go through the construction process. You can stay on budget, however, if you know what you’re doing and plan ahead.
Keep Your Plans Simple
There are lots of extras you can get when you install your elevator, but they’re not all necessary. Consider what you actually need and which luxuries you would like and can afford. Then you can make your plan. Remember, the simpler your plan, the easier it will be to stay on budget.
Get a Quote
Contact the lift company to find out how much they estimate the installation will be. You should plan for another 10% – just as a precaution – in case something happens to ruin your perfectly laid plans.
The quote will depend on a variety of factors, including where you put the lift, how much needs to be done to prepare the area for it, and whether or not you need to do any additional renovations to make your space accessible.
Create a Budget
Once you know what needs to be done, break it all out into a budget, so you know how much you have to set aside for each stage of the process. It’s helpful to work through this part with your lift installer, since they will have a good idea of how much will go to materials, labour, etc.
They will help you determine things like what size lift you need and how to make it fit into your existing floor plan, or work out where to move things around to make room for the lift.
As you work out your budget, don’t forget to include maintenance. Again, you’ll need to talk to your lift company to determine what those costs are and whether or not maintenance is included in the installation for a certain time period.
Track Your Spending
Finally, you will need to stay on top of the money as you move through the installation process. There should be a record for every pound spent, so you know exactly where your money is going. If you do go over budget, which is common, you should dip into the extra 10% that you previously set aside for this purpose.
A residential lift can be a huge blessing in your home. However, you do need to make sure you know what sort of costs to expect as you begin. To get a better idea of how much a lift will cost, contact Euro Lifts today for an estimate.