A Consumer's Guide To Home Elevator Cost

Home elevators make life easier for you, and the best investment depends on a few individual factors. If you are considering installing an elevator in your home, check out this guide to find out what type of elevator you need and how much you'll have to pay for it. 

What Kind of Elevator Do You Need?

A home elevator can help you get around your house more easily and feel less isolated. When it comes to home elevators, you have four options. We've broken down the cost of each of these elevators below.

Cable-Driven Elevators

When you get on a commercial or home elevator, odds are it's cable-driven. That's because cable-driven elevators are the most common type of residential elevator. For that reason, they also tend to be less expensive at up to $35,000. 

Chain-Driven Elevators

Chain-driven elevators are similar to cable-driven ones, but the chain portion makes them sturdier. Chain-driven elevators also require less space. The greater expertise required to build and install these elevators means they can run you $20,000–$50,000.

Hydraulic Elevators

Hydraulic elevators utilize the power of pressure, featuring a piston and a fluid-pumping cylinder. Unlike chain- and cable-driven elevators, this elevator doesn't need a machine room. Their advanced design will cost you up to $50,000 though. 

Pneumatic Elevators

Similar to hydraulic systems, pneumatic elevators use vacuum pressure for power. These elevators are the easiest to add to a new home, but their futuristic design will cost you. Pneumatic elevators run $35,000 to $50,000.

Additional Home Elevator Cost Factors

There are additional cost factors to consider once you've decided what types of elevator you need. Here are two more things you need to think about before budgeting for a new home elevator. 

How Many Floors Does Your Home Have?

The number of stops an elevator needs to make will also determine a portion of its price. If your home has two stories only, most standard elevators will work for you. The more stories you have, the more elevator stops you'll need. 

You can plan to add around $10,000 for each stop beyond the standard two, so a two-stop hydraulic elevator might cost you around $60,000

Does Your Home Already Have an Elevator Shaft?

If your home comes with a custom elevator shaft, it will be much cheaper to install a home elevator. Why? Because retrofit elevators are much less expensive to construct than a brand new elevator shaft.

Retrofitted elevators can run as low as $20,000 while a new construction elevator may cost up to $80,000.

Mobility Solutions for Everyone

Your home elevator cost will depend on the type of elevator, how many stops it needs to make, and whether it will have to be built or retrofitted. Add everything together, and you've got your price for a brand new home elevator. 

Are you searching for more mobility solutions to make your life easier? You've come to the right place. Browse BraunAbility's mobility products today!