Renovations to the kitchen and bathroom are common building projects, but have you considered installing an elevator? Property elevators are typically installed for luxury or necessity, but they can also be installed for extra functionality or to increase the value of your home. When installed only for the purpose of convenience, an elevator can significantly enhance the living conditions of those with limited mobility. The cost of a home elevator can range from $2,000 to $60,000, but the average is $30,000. The entire price is affected by the number of floors the elevator will traverse, the quantity of construction necessary, and the elevator-style. It’s important to note that an elevator is not the same as a stairlift, which some homeowners may consider. Multistory homes, wheelchair users, and transferring loads of food or equipment between levels all benefit from home elevators.

Elevator at Home

A home lift spare parts can transport one or two persons, individuals in wheelchairs, or a person and their belongings from one floor to the next. Home elevators are suitable for homes with at least two stories and if the owner wants to add an easier method of transporting items between levels or when assistance is required to reach another level. A home elevator costs about $30,000 on average, but it can be significantly less if it’s a vertical lift or situated on the outside of the house with an interior entry.

Lifting Stairs

Erecting a stairlift along the stairwell as an alternative to installing a full elevator allows customers to sit in the motorized seat and be transported up the stairs. A curved stairlift can be constructed to take you up one or both sets of steps on the same lift if you have two staircases on top of each other. Stairlifts are ideal for households that lack the necessary room for an elevator. They’re also simple to set up, making them a less expensive solution in some situations. Stairlifts range in price from $3,000 to $5,000.

Calculating the Cost of a Home Elevator

Home elevators are a one-of-a-kind addition to a home, with a wide range of pricing and features. A two-story elevator is substantially less expensive than a four-story elevator. The total cost is also affected by the elevator’s size and the type of motor you select. Here are the most important aspects of house elevator costs so you can make a more accurate budget estimate.

Labor

Installing an elevator or lift in your home will require a significant amount of effort, especially if it is being added to an existing structure. Labor costs range from $500 to $5,000 on average. Labor costs higher if your home elevator requires a shaft and a mechanical room than if it’s a simple vertical lift or outdoor elevator.

Size

In average, each floor should have 25 to 40 square feet of space. Because more materials and work are required, the larger the area or elevator, the more it will cost. You might even install a considerably smaller elevator (known as a church elevator) that takes up only 10 to 15 square feet. This works well in small ancient buildings with limited room and when the ride does not require the use of a wheelchair.

Elevator Drive System Types

You might be surprised to hear that there are various different types of elevator motors or drives to choose from. Traditional cable or traction shafts are common choices, although they do necessitate more mechanical space. Hydraulic drives can be housed within the shaft, but they are expensive. To travel between floors, pneumatic drives employ vacuum pressure. They do not require additional space, but because they cannot be hidden within the home’s walls, they will be clearly visible.

Installation and Site Preparation

Installing a residential elevator is simpler when building a new home because builders don’t have to pull out old structures or change mechanical systems. If the elevator is being placed in an existing home, the contractor must analyze the walls and floors to determine which materials will be affected and how they may be refinished to maintain the home insulated after the elevator is completed. During installation, there will be some localized construction debris on any floor with elevator access.

Number of Levels

Most home elevators can be constructed on up to four levels, but each additional floor costs more. Each additional floor will cost between $5,000 and $15,000. If the elevator is being built out of necessity, you can determine which floors are the most important and put it on fewer floors. Homes with only two stories have lower installation costs by default than those with more levels.

Equipment

The type of drive shaft you select will influence the sort of equipment you install. Extra mechanical rooms add to the cost, but most elevators also include a battery backup system. The equipment portion of the entire price ranges from $1,000 to $40,000, depending on the type of elevator.

Style

You can match the style of your residential elevator to the inside of your home. Elevators today, such as pneumatic elevators, may have sleeker glass or metal walls. On average, they cost between $20,000 and $40,000. Victorian elevators are more expensive, ranging from $35,000 to $55,000, and include a classic design with wood and even iron accents. Choose a vintage style that seems like it came directly from the turn of the century, with mahogany or walnut wood and suspended antique light fittings, for a genuinely antique look. This look ranges from $37,000 to $65,000.

Additional Costs and Factors to Consider

You may need to study these extra price considerations in addition to the conventional criteria for house elevator expenses. They don’t apply in every circumstance, but you might be able to tell immediately away if your refit or building project would require cost considerations.

Retrofit vs. New Construction

Because adding an elevator to an existing home can be a difficult project, home elevator expenses are more likely to apply to new building projects. You’ll need to employ an architect (and maybe a structural engineer) for a retrofit, as well as build and repair walls, install new ceilings, update the electrical panel and wiring, and install new carpentry framing. Each has its own price, although the cost of a new construction is easier to anticipate than the cost of a refit.

Machine Room and Machine Room-Limited

The type of drive you select will determine whether a machine room or a mechanical room is required by the installation. For cable or traction elevators that employ a counterweight to raise and lower the lift, a chamber is normally required. MRL elevators may be less expensive and require less equipment and space than their rivals.

Costs of Construction

Using the services of an architect is the best method to ensure that the elevator is installed in the most appropriate area and that it has all of the mechanical equipment it requires. The cost of hiring an architect for a retrofit varies depending on the intricacy of the house, the lack of space, and the size of the elevator.

Repairing and renovating your home

Because the expense of an architect or electrician is spread across numerous projects, adding an elevator during a home renovation is a fantastic method to save money. The contractor may have greater flexibility to install a larger elevator or place it in the optimal location depending on the scope of the project. You’ll spend $75 to $100 per hour for maintenance and repair after the elevator is installed, plus any equipment charges.

Gate and Door Types

A code-compliant safety gate must be erected when an elevator is installed to assist less mobile people in reaching higher floors. Most elevators have a safety gate, but be sure it works for your specific needs. You can also pay to match the outside elevator doors to the rest of the house. It’s a good approach to boost the home’s value even more while also ensuring that the elevator doesn’t look like an afterthought.

Customizations

Special lighting, paneling, and other unique features can be included for an additional fee. You could wish to equip your elevator with a phone, as well as music and speakers. Each customized choice can be precisely quoted by an elevator contractor.

Maintenance and Inspections

All house elevators must be inspected to ensure that they are safe to use. If you want to sign up for a maintenance contract, it will include a yearly check to ensure that everything is in working order. Annual inspections are required in most places and cost at least $75.

Financing

It’s fairly uncommon for a homeowner to seek financing to install an elevator because it’s a costly improvement. If a credit card offers 0% financing, some homeowners prefer to pay with it. Otherwise, you might look for a home renovation or equity loan or inquire directly with the elevator company about financing rates.

Tax Breaks and Subsidies

When installing a house elevator, check with your local or state government to see if there are any accessibility incentives available. Some residential elevators may be qualified for a tax break, but the best information for your situation will come from your accountant.

Types of Elevators and Their Prices

We’ve broken down each type of elevator and its associated prices because the type of elevator you choose is a major component in the total cost. You’ll have a better sense of what style you want and how it fits into your budget.

Cable-Driven

A cable-driven elevator is comparable to those seen in bigger office buildings, condominiums, and other commercial structures. The cable raises or lowers the elevator by winding around a drum. The drum and counterweight take up more room in a mechanical room, yet they’re frequently employed in home renovations. The cable should be checked frequently because regular use might easily wear it out. On average, this style costs $15,000 to $35,000.

Elevator Hydraulic

Because hydraulic elevators use a big piston beneath the elevator to raise and lower it using a hydraulic lift, they require a smaller footprint. They require no additional mechanical space and work more quietly than those that use a cable or chain. Consult the elevator business to see if a pit is required to hold the piston or if it can be built without one. A hydraulic elevator will cost between $30,000 and $50,000.

Traction using Gears

Geared traction elevators have a gearbox at the top of the elevator that operates via a pulley system. This design ranges in price from $25,000 to $38,000, but it is sluggish and can only move 250 feet.

Traction without gears

This is yet another excellent retrofit project option. Because the pulleys run on a track inside the shaft with the counterweight, gearless traction elevators do not require additional machine space. The only additional room required is at the shaft’s top. These typically cost between $29,000 and $55,000 to install.

Chain-Driven

Choose a chain-driven elevator with a counterweight attached to the chain that moves in the opposite direction of the elevator for another machine-free option. The counterweight will require a larger shaft, but the chain is stronger than a cable. The disadvantage is that this is one of the more boisterous types, which may not be appropriate for a home. On average, this style costs $27,000 to $62,000.

Elevator with Pneumatic Vacuum

A pneumatic elevator uses a pressurized vacuum system to lift and lower the elevator. Although these elevators cannot be disguised behind walls and are frequently constructed of glass, they are still reasonably easy to install in a home. There are no pits or mechanical rooms required. You should expect to pay $35,000 to $60,000 for this sophisticated elevator.

Platform Lift, Vertical

The vertical lift is an excellent alternative for split-level homes. It works by raising the platform, much like a forklift does with its forks. Vertical platform lifts are ideal for transporting wheelchairs from one floor to the next. This kind is less expensive because it does not require a complete shaft or much area to function. This elevator type costs $5,000 to $20,000 on average.

Elevator outside

A house may not be able to retrofit an elevator in some situations, or it may need to be added on a restricted budget. Thankfully, an outdoor elevator is a fantastic option. It’s made of materials that can survive the environment and extreme temperatures on the outside. The elevator can be accessed from the inside in whatever rooms or hallways it is built against. This type can be made for $2,000 to $10,000 on average.

Elevator Without Shaft

The shaftless elevator is another simple design that can be used in two-story homes. This type is smaller than others, so it can only be used by one person at a time, but it takes up less space during a retrofit. All of the materials will be simpler and more basic than those utilized in larger elevators. On average, a shaftless elevator costs $15,000 to $25,000 to construct.

Is a Home Elevator Required?

People usually link home elevators with one of two things: mobility issues or a desire for a luxurious feature. Both of these arguments are valid. However, adding an elevator to a multistory property for general convenience and increased home value is an option.

Home Value Increase

Although home elevators are costly, they do raise the value of your home. They may also appeal to prospective homebuyers during the purchase process. You might hire an appraiser to determine whether an elevator will increase the value of your home while you consider renovations. It’s feasible to witness a 10% boost in your home value with ordinary elevators built inside and mostly hidden, resulting in a 60 to 100 percent return on investment.

Convenience

Every house has its own distinct features. Multiple floors may be visited regularly during the day, or the garage may be on a lower floor while the entry and kitchen are considerably higher. Adding an elevator, for whatever purpose, can significantly improve the convenience of your daily life. You can quickly transport regularly used decor and boxes, clean equipment to each floor, and avoid bringing groceries up numerous steps.

Safety

Many people may prefer an elevator since it allows them to move between levels safely and easily. People who are less steady on stairs may have safety concerns due to limited mobility or medical conditions. Taking the elevator makes it safer to go between levels and provides them peace of mind that they will arrive where they need to go.

Saving Space

Surprisingly, an elevator takes up less room than a traditional stairs. That means that instead of erecting stairs, you may install an elevator and get some extra space if you need it. Similarly, you may place the elevator on the outside to save up inside space.

Style Improvement

Adding an elevator that matches your own style is a fantastic way to improve the interior of your home. It can also improve the aesthetic and functioning of your home in a unique and elegant way. You might go for a more modern look or a warm vintage look.

Aging at Home

It’s difficult for homeowners to consider leaving a home where they’ve created hundreds of lovely memories, especially if they built it themselves. If mobility concerns are the only reason for thinking about selling the family home, installing an elevator can assist alleviate the problem and allow homeowners to age in place, spending their final years in a location that is pleasant and familiar.