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The secret of installing elevator compensation standard!
Cash compensation
Generally speaking, the owners on the first floor don't have to bear any expenses, but they may get 20%~30% compensation for elevator expenses. Of course, the specific amount needs to be determined according to local regulations.
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Considering that after installing the elevator, the high-rise owners will benefit more, while the low-rise owners may face the problem of inconvenient travel or even the decline of property value, we should fully respect the wishes and economic conditions of each owner before taking action.
Other ways
Besides cash compensation, there are other ways! For example, reducing or exempting property fees or parking fees for a period of time, or commending the contributions of low-level owners in residential areas to enhance their social reputation. Maybe after installing the elevator, the low-rise house will be more popular and easier to rent or sell!
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