Home Elevator
Two factors influence the cost of adding an elevator: installation and the unit itself. Residential units cost between $7,000 and $50,000, depending on:
Size. A small cabin that fits two people or a single wheelchair can cost as little as $7,000.A larger model with space for up to 5 people costs closer to $30,000.
Weight capacity. Smaller units are limited to 500 pounds, while some go as high as 1,500 pounds.
Interior cab height. Most elevators are standardized at 96 inches of height. Taller cabs require customization, adding up to $15,000 depending on size and materials.
Motor type. Discussed in more detail below. Costs range from $10,000 for pneumatic vacuum traction to $75,000 for large hydraulic alternatives.
Learn more about these terms below, and choose a cab that works for your needs. Inform yourself about residential elevator options before making your decision.
Types of Residential Elevators
Most homes can benefit from one of three types of elevators. Although there is technically a fourth option, cable-operated elevators are generally too large, too noisy and too expensive to consider for a private residence.
Hydraulic Elevators
Hydraulic tends to be the most popular option, but is also the most expensive. The cost to install a hydraulic elevator can range from $25,000 to as much as $75,000. Installation requires extensive preparatory work, but the elevator can be hidden behind a wall.
These elevators use a hydraulic arm that physically lifts and lowers the elevator cab. It is relatively quiet compared to the cable elevators in larger apartment buildings. Most cabins are large enough for multiple passengers or two wheelchairs to fit side by side.
Pneumatic Vacuum Elevators
This is a relatively new option that is becoming increasingly popular thanks to its affordable cost, minimal maintenance and speed of installation. A retrofit into existing spaces will cost between $10,000 and $15,000.
The cabs of pneumatic elevators are glass, which lends a contemporary look to the home and can provide a view as passengers ride up or down between floors. They cannot be concealed easily within walls, and are meant to be visible in your home.
Shaftless Elevators
For single-person use in tight spaces, a shaftless elevator may be your best option. It costs between $15,000 and $20,000 to add to an existing space.
Installation requires either drilling through your ceiling, or attaching the elevator to the outside of your home. It is less invasive than having to install a shaft, but is limited to a single floor transition.