Lift modernisation can transform your lifts with smart features and customisations, but this will come at additional cost to factor into your business’ budget.
Not sure where to start? At Lödige Industries, we have you covered with our comprehensive guide to lift modernisation costs. In this guide, we will go over the average cost of lift modernisation, how the costs can increase or decrease based on a variety of reasons and why you should invest in modernising your lift systems.
In this guide, we will go over the average cost of lift modernisation, how the costs can increase or decrease based on a variety of reasons and why you should invest in modernising your lift systems.
What are the benefits of lift modernisation?
Lift modernisation offers a wide range of benefits. One key benefit is the increased availability of the lifts. This can lead to less downtime and making them more convenient for those who rely on them. Lift modernisation can increase safety by complying to the latest safety regulations and using state-of-the-art technology with updated features to reduce the chance of accidents or breakdowns. This new technology can lead to a longer lifespan of your lift, saving you money on more frequent replacements and repairs.
Remote monitoring is another significant and unique advantage, as it allows for real-time oversight and the ability to promptly address any issues. Upgrading your lift systems can reap many benefits but a common question centres around the cost for building managers to determine if the investment is their most beneficial option.
The average cost of lift modernisation
Lift modernisation costs vary widely depending on several factors, including the number of storeys in a building. Often, refurbishment can extend the lift's life and save money compared to a full replacement. However, some modern equipment may require eventual replacement. Planning these works in advance through regular maintenance surveys is advisable to identify potential issues early.
Factors that influence lift modernisation costs
From technological advancements to regulatory requirements, it is important to understand these influencing factors when you are looking to make an informed decision about lift upgrades.
Technology updates
Advancements in technology, such as smart controls and energy-efficient models, can significantly impact the costs associated with lift modernization. Here's how:
Smart controls
Integrating the use of smart controls into your lift system allows for more efficient and precise operation. The integration of smart controls into lift systems allows for more efficient and precise operation. While the upfront cost of installing smart controls may be higher, the long-term benefits in terms of reduced maintenance and energy consumption can lead to overall cost savings.
Energy-efficient models
The short term investment for energy-efficient models might be higher, but the long term gain is much greater. Energy-efficient models reduce the amount of energy and money spent on their daily operation meaning that the saved funds can be allocated elsewhere in the building. They can reduce the overall operational costs by using LED lighting and other energy-saving components whilst also aligning with sustainability beliefs.
Regulatory requirements
Regulatory requirements are put in place to ensure that lifts and all elements of your building comply with safety and engineering standards to keep people safe. These standards can differ depending on the location and building type so it is important to make sure your lift is compliant during your lift modernisation.
Code compliance
Building codes and regulations mandate specific requirements for lift systems, including elevator safety codes and electrical codes. Non-compliance with these regulatory requirements can lead to legal consequences and even safety hazards. To see the full legislation, please read the UK government’s Lift Regulations 2016 (last updated in November 2023).
Accessibility standards
Accessibility UK standards ensure that the lifts and other aspects of your building are fully accessible to those with disabilities. When it comes to lifts, you need to ensure that the lift is fully accessible to wheelchair users and those with mobility issues. This includes ensuring:
- the lift door is wide enough
- the lift has enough space to accommodate a wheelchair or mobility aid as well as a carer
- the control panels are within reach.
To see the full legislation, please read the Access to and use of buildings: Approved Document M (Last updated in May 2024).
Environmental regulations
In some regions, environmental regulations may impact lift modernisation projects. In other countries, you might need to consider the impact earthquakes could have on your lifts but in the UK BREEAM covers the environmental standards. The Building Research Establishment’s Environmental Assessment Method (BREEAM) will score your building, including how sustainable your lift system is, on their environmental performance and provide suggestions on any changes that need to be made.
Customisation options
Custom designs
Custom designed lift systems can leave a positive impression however they do come at an extra cost. They can be tailored to meet your building specific architecture as well as aesthetic requirements such as unique cabin designs, specialised finishes and non-standard dimensions.
Standard solutions
If you’re looking to cut costs and are looking for more functionality over aesthetics, standard solutions might be the best for you. Standard solutions are mass-produced, resulting in lower upfront costs. These systems follow established designs, dimensions, and features, which can limit the level of customisation but provide a cost-effective solution for lift modernisation projects.
Budgeting tips for lift modernisation
By properly planning for your lift modernisation, you can ensure that you stay on target and do not overspend from your initial budget.
- Sourcing multiple quotes: Getting not only the best deal but the best value for your money can help reduce any future investments as well as the downtime your lift will need in order to be updated.
- Investing in energy-efficient solutions: This can be more of an upfront cost, but it will help you save money in the long run.
- Prioritise what is important to you: It can be easy to be swayed into committing to additional extras that you might not be 100% sold on. You can always opt for any tempting aesthetic customisations in the future if budget allows.
- Maintenance agreements: By entering into maintenance agreements, if your lift service provider offers them, you can take advantage of maintenance packages that not only help save money in the long term but can also give you peace of mind when it comes to finding a reliable and predictable maintenance service.
How can Lödige help with lift modernisation?
Modernising your lift system with Lödige involves a comprehensive set of services designed to enhance safety, efficiency, and convenience. If you're relocating your lift, we manage all the technicalities including modifications in control systems to mechanical adjustments and integrating new components. Our modernisation process is carried out entirely on-site, which sharpens precision and reduces downtime since there's no need to transport the lift elsewhere.
In terms of upgrades, we focus on enhancements that bolster lift functionality and safety. This can include new control cabinets or parts and upgrading drive components, safety technology, and data communications. Additionally, we can provide real-time monitoring and remote services, allowing you to monitor your lift's status from anywhere and receive continued support from our dedicated lift servicing team.
All our services comply with the latest safety standards, ensuring the well-being of both passengers and staff. To learn more about how we can help modernise your lift, click here.
