With land costs rising, it is cheaper to build up than out

October 22nd, 2011

 In this article, the Chicago Tribune discusses how home elevators are becoming more and more common in new home construction.

"What was then an exception has since become something of a rule, he added. Elevators are now installed in about half the homes his company builds. And in 30 to 40 percent of the rest, Page provides framing for a future elevator."

"With land costs rising, it's cheaper to build up rather than out, leading to more vertical houses.  Growing numbers of upscale home buyers plan to live in their houses the rest of their lives, and know they must plan now for future limitations on mobility. And while elevators haven't grown much cheaper, their typically less-than-$25,000 cost is an ever-smaller fraction of total expense in some elaborate dwellings."

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