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Budgeting for Your Home Elevator

Budgeting for Your Home Elevator

When estimating your home elevator cost, there are a number of factors to consider and cost can vary significantly based on choices and customizations you make along the way. A search on the internet can provide costs anywhere from $18,000 to $100,000, so how are you to even begin to understand what your home elevator might cost?

While the items that impact cost vary from project to project, doing your research can assist in taking your project smoothly from planning to reality. Below is an initial list of items for you to consider when planning for your home elevator.

Home Elevator Cost Planning

The list below is not exhaustive, but is intended to provide a solid starting point to estimate the cost of your project.

Dimensions – How large will the elevator need to be in order to accommodate all necessary passengers and any items that will be transported? Are there mobility devices in use today? Certain medical conditions require use of a reclined wheelchair which will take up more space and require a larger elevator car. How large will the elevator need to be in order to ensure all current and future family members and guests can ride comfortably?

Size of home – How many floors does the elevator need to service?

Elevator configuration – Will the entry and exit of the elevator car be on the same side? Would it work better to have an alternate configuration where the exit is straight across or at a 90 degree angle from the entrance?

Car design – A home elevator can be customized to match your home or to stand out as a focal point. Home elevator design galleries can be helpful in the brainstorming process. How would you like your elevator to look? What materials will be used in the elevator? Would you like a classic or modern feel? What features and design elements would you like incorporated into the elevator car? What kind of lighting, fixtures and handrails would you like to incorporate? What kind of elevator doors and gates would you like on the elevator car and on the hoistway?

Drive system – If you have familiarity with home elevator drive systems, you may already have a preference. If not, do a little more research on some of the primary drives (inline gear drive, hydraulic drive and winding drum drive). Would you prefer the elevator take up less space and not have a separate machine room? Would you prefer to avoid having hydraulic fluid in the home? Your personal preferences will assist in guiding you to the appropriate drive system for your home elevator.

Installation – What will be required during the installation? Will there be costs tied to the permit process? How complicated is the installation? Does a hoistway exist? Does any electrical work need to be completed? What tradesmen need to be involved and what costs should be anticipated above and beyond the cost of the elevator?

Maintenance – What additional costs are tied to ongoing maintenance of the elevator? How frequently will maintenance visits be scheduled?

Warranty – What is covered under the elevator’s warranty? Are extended warranties available at an additional cost?

Next Steps In Your Home Elevator Planning

Once you have considered all of these items and are ready to move to next steps, talk to a home elevator company. Local representatives can answer any remaining questions you have and can provide educational materials and samples of the materials they recommend for your project.

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2 thoughts on “Budgeting for Your Home Elevator

  1. We are in the process of incorporating a residential elevator 4X3 with three stops into the design of a (yet to be built) two storey home. I would like to request a quote with product information.
    Thank you,
    Sunil Seth

    • Hi Sunil. Thank you for your interest in Symmetry Elevating Solutions. Please watch your email for more information.

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