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For Aging Homeowners, Elevators Give Luxury Properties a Major Lift - WSJ

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For Aging Homeowners, Elevators Give Luxury Properties a Major Lift - WSJ

In 2020, Russell Franchi’s clients liked many features of a beach home in South Walton County, Fla., but it was missing one thing: an elevator. The clients, who had limited mobility, considered retrofitting an elevator, but ultimately walked away from the deal before finding a house that already had one installed. “We have a lot of baby boomers that are retiring, and it’s just something that a lot of clients looking for homes starting around $3 million think about, or have it high on their list,” said Mr. Franchi, a real-estate agent with Scenic Sotheby’s International Realty in Santa Rosa Beach, Fla.

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For Aging Homeowners, Elevators Give Luxury Properties a Major Lift - WSJ

Residential Escalator This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.