As a property manager, you may not always know when an elevator needs to be modernized rather than repaired. Elevators are typically designed to provide 20-25 years of dependable service.

However, due to repeated use and rapidly changing technologies, you will need to upgrade this equipment at some point. Modernization improves performance and safety, restores trustworthy functionality, and increases efficiency and traffic flow. PEAK would be delighted to assist you in understanding this process. Here are a few things to know about elevator modernization.

Usability As well as Efficiency

Your elevator's primary function is to provide quick and convenient transportation between floors. It also caters to clients with mobility issues, such as wheelchair and walker users. Building occupants and tenants frequently base a portion of their overall customer experiences and satisfaction on elevator reliability, which should be a key factor when assessing your building's elevator needs. Too many complaints about your elevator and/or an unusually high number of service calls in the last year may indicate a need to modernize.

Protection & Efficiency

You'll need a professional to thoroughly assess the performance and safety of your elevators as you consider modernization. Acceleration and deceleration, floor levelling accuracy, wait times, vibration, sounds, and door open and close times are all performance and safety factors to consider. Weaknesses in these critical areas will frequently reveal ways to improve the operation of your elevator. While full modernization is the most effective approach, in many cases, you may be able to work smaller improvements into your budget over time, but in either case, notice the difference as long as you hire the right company for the job.

Retention of Tenancies

If a tenant has the option of moving to a better-maintained building, many will do so. Your tenants want to live and work in a functional space, whether you manage an apartment building or an office building. Modernizing the elevator can improve retention rates and keep income flowing in at a consistent rate.

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