Cost of Elevators

Residential elevators allow you more mobility within your home. Those who cannot easily climb stairs can travel to other stories in the home without worries of falling or injuring themselves. Elevators in homes have become very popular over the past few years and now offer many different options regarding customization. Choosing a home elevator can often be a daunting task and many feel that the costs are over the top. While a home elevator is definitely not going to be the cheapest thing that you purchase for your home, it is possible to find one that is very affordable.

Determining Cost

When it comes to choosing a home elevator you should understand the different factors the influence the cost. Most home elevators today are purchased out of medical necessity although most insurance companies do not pay for the devices. There are many different factors that go into determining the cost of a residential lift. The size of the elevator, the type of elevator and the manufacturer all have a bearing on the overall cost. The features have a bearing on the cost as well. Features include eight capacity, decoration for the interior of the elevator car, type and durability of the materials used in the construction and several others. If cost is an issue then you can skip the bells and whistles. For instance, most companies charge extra for carpeting in the car, mirrors and other special features. If you are purchasing an elevator for luxury purposes then you may want these things included. If however, you are purchasing your residential elevator because you need it to provide you with more mobility then you can skip many of the special features that may cost more.

Average Cost of Elevators

Again, the cost of elevators depends highly on many different factors. The average cost of a residential elevator is anywhere between $5,000 and $40,000. The cheapest home elevators can be purchased for around $10,000 or less. Chair or stair lifts come in below $5,000. Home elevators that resemble traditional elevators however, with elevator cars are typically around $10,000. Again, the specific type of elevator that you purchase will help to determine your overall cost. Hydraulic elevators cost a bit more than pneumatic or vacuum models. When choosing your elevator take the time to learn more about these different types.

Sizes and Installation

The cost of elevators will also depend on the size of device that you choose. An elevator car that is only three feet wide and four feet deep will be much less expensive than one that is three feet wide and six feet deep. When choosing, determine how much space you will need for traveling. If you need to accommodate more than one person at a time then you should expect to pay just a bit more. You installation may also affect your overall cost. The cost is normally higher when you are installing the elevator in an existing home. If you are building a new home then you can have the elevator installed during the construction and save money in the process.