How Much Does a Home Elevator Cost?
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Home elevators are often installed in larger multi-million dollar homes or those who may have some sort of disability that prevents them from getting up and down stairs. The price for a home elevator will depend on the size, the brand, the contractor performing the job and complexity of the job.
How much does a home elevator cost?
- On average, home elevator costs can be anywhere from $15,000 to as much as $100,000. Most purchases are going to be within the $15,000 to $45,000 range. Home elevator prices are not cheap, since most elevators are used in commercial building, installing one of these at home can be very expensive.
- The most expensive type of elevators are going to have glass enclosures or a “spaceship” type feel. Higher end elevators that are installed in homes are going to be very similar to a commercial setup. This setup will give the user a nice, quiet ride.
- A stair lift that is similar to an elevator but will be installed near a railing can start as low as $3,000 depending on the brand. See: “How much does a stair lift cost?“
- According to the site SilverCross.com, the price of elevators range anywhere from $15,000 to $20,000.
- Home-Elevator.net provides additional information regarding the different types of home elevators. The price for home elevators according to the site is $15,000 to $100,000 depending on the size of the elevator.
- GaravenLift.com specializes in installing high quality home elevators that vary in size. The home elevators that they sell range in price from $20,000 to $35,000.
Factors that influence the price:
- Dimensions: The larger the elevator is, the more it’s going to cost. On average, most elevators should range from three to five feet wide. Anything larger can cost more than this since it will have to be customized.
- Stops: How many times does the elevator have to stop? In a home, an elevator will usually only make one stop, but if it has to make more than one, each stop can bring up the price.
- Types: There are many different types of elevators. They can include a vacuum based, counter-weight chain, winding drum or a roped-hydraulic base.
- Installation: If an elevator has to be installed after the construction of the home, the costs can go up by more than 30 percent. If the home elevator can be installed during the home building process, the prices can greatly go down.
What is going to be included?
- The installation for the home elevator will include all of the materials and tools that will be used by the person who will be performing the installation. Also included is the fee for the worker that will be installing the machine.
- Depending on the elevator, the inside features can greatly vary. Elevators can include carpeting, mirrors, chandeliers and more. The more premium features that are added to the elevator, the more it’s going to cost.
Types of elevators:
- Hydraulic: Deemed to be very reliable, a hydraulic elevator will start in the basement.
- Electric: Driving by the main components of the elevator cab, the machine room will be located near the top, instead of the basement. Compared to a hydraulic elevator, they aren’t deemed as safe.
- Winding Rum: Using counterweights instead of a machine room, these elevators are suitable for per-existing structures that don’t require a lot of modification.
- Vacuum: Relying on the power of suction, the “suction” can force the elevator to go up and down.
What are the extra costs?
- Do not be surprised if your electric bills rises. This is considered go be the biggest additional cost when you have a home elevator installed in your house.
- Customized designs can result in a higher price; if the installation job tends to be complex compared to most other jobs this can also increase the price. Most contractors will be able to discuss the options as well as give a quote before the work begins.
- Optional items such as stone flooring or even a chandelier installed within the cab can cost extra.
Top brands to consider:
- Federal Elevator
- National Wheel-o-vator
- Savaria Concord
- TK Access
Tips to know:
- Before you commit to any type of elevator, always ask for a test drive. Any dealer should know of someone that has an elevator that can be tested. You will want to make sure that it is something that fits your needs. Some elevators can tend to be jumpy or may just have a ride that is not smooth.
- Ensure that the elevator is installed by a trained technician. One of the main reasons that elevators fail is due to faulty installation jobs. It is always best to ask for a referral when getting help from someone.
How can I save money?
- Do your research and find out how many people will be using the elevator so that you will be able to buy an elevator that will be just right based on your needs. Buying a big elevator may not be suitable if there is only a handful of people going to use it.
- When hiring a professional contractor, use services online such as Service Magic to find the best quote from contractors in your local area.
- When considering a home elevator, there is a good chance that you are going to have to meet with a dealer. When meeting with a dealer, treat it as if it is a car dealership. Each dealership is going to vary with its incentives, promotions and more. Keep in mind that many may be rather pushy to get a sale. Do not rush into things.