senior falls statistics

Elevators Can Help Prevent Falls for Seniors

Senior Falls and Costs

When it comes to getting older, one thing that every senior will be at risk of is suffering from a fall. In the milder cases, falls can result in bruises, scuffs, and a new-found fear of the stairs. In more severe cases, broken bones, concussion (TBI), and even death. Every year 25% of all people over the age of 65 will have a fall. Every 19 seconds, a death occurs from a fall (National Council on Aging). According to the Center for Disease Control, the average cost for a fall injury is $30,000 and in 2015, costs to Medicare, alone, totaled over $31 billion.

If you or your loved one has a fall and is severely injured, the cost of living could go up significantly. In Connecticut, the cost of assisted living ranges from $4,950-$11,000/month, or $439/day on average.

Adding a conventional residential elevator or a pneumatic vacuum elevator to your home is less than half of the cost of 6 months of assisted living.

When to Install an Elevator

A home elevator has numerous benefits regardless of age or disposition. A home elevator increases home value, provides a safer route to stairs for reaching multiple stories in the home, and provides a sense of luxury. Millennials  are starting to plan for their futures sooner than previous generations. Aging in place/thriving in place is preferred to nursing homes for most. The best time to install an elevator is when one is planning their future or if aging in place is already happening. A safer option for accessing floors in the home can save money and prevent severe injuries. Click here for elevator pricing.


home elevators

Only way to go is up!

When it comes to modern day home building, more and more architects and home builders are designing homes with multiple stories. Square footage for homes have doubled since 1973. With lot sizes dramatically decreasing, and the demand for larger homes increasing, building vertically is the best answer to building a [new] home. New construction can cost up to 10% less per square foot when building vertically as opposed to building out. This saves on space, saves on land costs, and can easily accommodate an elevator. The trend in home elevators continues to expand every year. In Massachusetts alone, the number of home elevators have increased 29% since 2011 (Boston Globe).

According to the Census Bureau, Characteristics of New Homes Completed SOC data, 2 story homes have increased 33% and 3 story homes by 43% since 2009. The number of 4,000 square feet homes have increased 51% since 2011.

This trend in verticality is a trend to keep in mind when planning to build a new home. In the end, you can save yourself money, space, and have and even plan for an elevator if you build ‘up’ versus ‘out’.

homes big enough for an elevator