Big, expensive decisions lie ahead for housing co-ops with a single elevator that is starting to show its age. After 20 to 25 years of service, elevators will reach the end of their effective lives. Toward the end of this period, the elevator may experience decreasing performance, along with many more service calls. It may also pose a safety concern. A common rule of thumb in the industry is that an elevator older than 20 years is a probable candidate for modernization.
Modernizing an elevator can cost up to $200,000 with downtime of as long as 12 weeks. In co-ops with only one elevator, members will have little choice but to take the stairs, which will create physical challenges for many residents. It’s best to plan ahead so that everyone is well prepared.
Depending on their physical abilities, some co-op members may need to be relocated during the repair period, although any such displacement would likely be costly and inconvenient. If feasible, co-ops can plan to relocate members with mobility issues to first-floor units over several years. Then, when it comes time for major elevator renovations, these members would not face the choice of relocation or confinement to their unit.
If your co-op’s building is serviced by a single original elevator, the Agency recommends the following steps to arrange for its modernization:
- Have a comprehensive elevator assessment done by an independent mechanical consultant that specializes in this work.
- Make modernizing your elevator a priority and secure financing, as required.
- Notify all members well in advance of the upcoming project and, if possible, relocate those with mobility issues to first-floor units or make other temporary arrangements.
- Through a competitive bidding process, engage the services of a competent project manager with experience in elevator modernization to prepare tender documents and oversee the work.