As a building owner, general contractor or manager you may find yourself in need of a elevator modernization. This process can sometimes be a financial burden as most building management companies tend not to save up money for this time of requirement. Typically a elevator modernization can cost anywhere from $ 110,000 to over $ 160,000 Canadian, dependent on the look, style, type and scope. At Element our overhead costs are much lower than competitors and as such we are able to lower our price and provide a better service at a lower cost to our clients.
You may then ask yourself. How long will this elevator last? This question can be a bit tricky to answer as it really is dependant on how well these elevators are maintained, and the operating location of the elevator. Typically a well maintained elevator located in a residential building could last up to and over 25 years, with circuit board obsolescence being the only real issue. However a poorly maintained elevator in an office building may only last 15 years.