Home Elevators Pricing

When choosing residential elevators and lifts, pricing is often a major concern. Home elevators pricing normally depends on the size, model and various features that you choose. Different manufacturers have different prices for basic models but they all are typically influenced by various different factors. You should bear in mind that while residential elevators may seem a bit expensive, they offer many different benefits one of which is raising the value of your home. Most will increase your home's overall value by as much as ten percent. If you are planning to ever sell your home or even qualify for a home equity loan then a home elevator will help substantially to raise the value and get you more money from the equity.

Average Cost for Residential Elevators

When determining and average among home elevators pricing you still have to consider many different factors. Basic elevator packages can cost as little as $10,000 or less while the more luxurious models can be as much as $50,000 or more. If you are working on a budget then it is important that you select the specific model of elevator that you want and then work from there with the various features that you can add. Be sure to choose the specific size that you need. Residential elevators come in a variety of sizes from those that fit one person to many that can accommodate four people or more at the same time. If you are planning to use the elevator to move various items such as furniture or if you need room to carry laundry or groceries to upper levels of your home then you may need to choose a larger model than one that will only fit you.

Installation Costs

When determining home elevators pricing you should also figure in the amount for installation. Some companies include installation cost in the cost of the elevator while others may offer elevators for a lower price and then charge an additional fee for installation. You should also bear in mind that if your home is not ready for the elevator to be installed you may have an additional cost for renovations. Remember that in order to have a residential elevator installed you have to have room for the elevator shaft as well as the mechanics that operate the device. If you are purchasing a hydraulic elevator then you will need space in your basement for the machine room. If you do not have a basement then you will need to pay for renovations that make placing the machine room possible. If you are unsure of whether or not you will need renovations to accommodate your new elevator then you can check with a contractor about what is needed and the cost for those renovations.

Quality

Home elevators pricing is important particularly if you are working with a budget. However, it is never a good idea to forgo quality for a lower price. Ensure that you are purchasing only from a reputable dealer or manufacturer and that the elevator you receive is built with quality and durable materials.