Installing an elevator in your home can increase the mobility of yourself or a loved one and make all areas of your home accessible. An elevator can also provide convenience, making it easier to transport items like groceries or laundry from one floor to another.
A variety of elevator designs and features are available to create a customized solution for any home. With the range of configurations available, prices can vary widely. While a basic home elevator can cost $15,000 to $50,000, a more expensive model with optional features could cost $100,000 or more.
If you are thinking about installing a residential elevator, one of the primary factors determining the price will be the type of system you choose. You have several options:
- Hydraulic elevators are smooth and quiet. Some require a pit and machine room, which means you might need to do some excavating prior to having it installed. That could increase the price.
- Cable-driven elevators use a motor, counterweight, and cables. If you choose one that does not require a pit or machine room, that could reduce the installation cost.
- A pneumatic elevator can be attached to a balcony or travel through a hole in the floor. It does not require a pit or machine room, which reduces the cost of installation. A pneumatic elevator moves by using changes in air pressure. Since it utilizes the least amount of energy, it would result in the lowest monthly operating costs.
Residential elevators are available in a variety of sizes. Some are large enough to accommodate a wheelchair. You can also choose from a variety of colors and finishes. All of those factors will affect the price.
If you need to improve the mobility of yourself or a family member or just want added convenience, a home elevator could be the solution. Since there are so many options to consider, it is best to discuss your needs and budget with a professional. Contact Nationwide Lifts today to request a quote.