While elevators are a requirement for businesses with multi-story facilities, residential installation is becoming increasingly widespread. Nowadays, installing a custom lift is considered a stylish investment that can raise a home's value and help with marketability, while providing additional convenience. Contrary to popular belief, these conveyances are no longer just for those with physical impairments or senior citizens. By some estimates, 25 percent of those who want home elevators are under 30 years of age.

Custom residential elevators make it easy for homeowners to have a conveyance that fits their style and design needs. Whether people want them tucked away or emphasized as a focal point, the cabs can be designed to match with a home's existing decor, with countless options available. Interior features can include a wide selection of wood finishes, lighting fixtures, handrails and gate styles, all in a variety of colors and materials. In fact, most custom installation companies have hundreds of designs to choose from, as well as their own designers to help you come up with the look you want.

Not too long ago, these luxuries were known mostly for helping disabled or senior citizens stay in their residence when stairs became an obstacle, rather than having to find a new home. Although elevators still provide this kind of assistance, younger homeowners have are a large percentage of new buyers, particularly when it comes to lifts that can be customized inside and out. Stair navigation may not be foremost on their mind, but increased home value, status and future marketability may well be; a residential elevator adds as much as 10 percent in value to any home.

Of course, the other tangible benefits to young homeowners include the uniqueness, stylishness and convenience that these lifts offer. However, not all buildings can accommodate the construction because of the way they are laid out or configured, so homeowners should let a professional determine the feasibility of the project. One option is to build the shaft on the outside of the house to ensure that no existing rooms, piping or other structural components are in the way.

Home developers are also drawn to custom residential elevator installation since it helps improve the marketability of new construction. It is less expensive for developers to build up than out, so they can increase their profits by building taller houses with elevators, even on small lots. These conveyances are attractive to potential buyers, too, as they may prove helpful in case of injury or when elderly or disabled guests come to visit. They are also less expensive to have installed during the construction of the home, rather than being added later on.

Whether bringing groceries up from a garage or helping a wheelchair-bound relative up to their room, a home elevator can be extremely useful. In addition to functionality, custom installations add significantly to a home's value and style.