Are you thinking about installing an elevator in your home?
Home elevators are luxury features that make your residence more easily accessible and convenient, in addition to making an elegant design statement.
Our clients often ask us how much a home elevator costs. Because every home elevator is designed and manufactured specifically for each home, there is no one-size-fits-all answer for the cost to install an elevator in a home.
The Average Home Elevator Cost
In short, the cost of a home elevator can vary tremendously. Most home elevators that Arrow Lift installs fall between $30,000 - $40,000. However, some basic systems can start under $30,000, while other custom applications can cost over $100,000. Depending on the application, system, and desired level of finish and customization, we will work with you one-on-one to find the system that works best for your unique home and budget. What design and construction options do we have that can impact the cost of your elevator?
Your elevator is custom-designed to fit seamlessly into your home, meeting your unique design aesthetic.
For example, the car interior can be thought of as a small room. Whether you favor glass and steel or a paneled wood cab, the design options are limitless and Arrow Lift will work with you to provide an elevator that serves as an extension of your home.
Secondly, fixtures can be customized to match your vision. Home elevator fixtures include car operating panels, phone boxes, hall stations, landing door interlocks, lighting fixtures, handrails, and specialty items.
Whatever your finish preference, we can provide you with elevator fixtures that blend into your home’s decor. Additionally, the door and gate mark the entrance to your elevator. Not only should they match your home’s design aesthetic, but they also need to be safely designed. That’s why we do more than meet code requirements—we exceed them.
In the end, the amount of detail and type of design that you choose for your elevator impacts the overall cost.
Drive systems are the heart of the electronic and mechanical operations of your home elevator. Arrow Lift offers three home elevator drive systems:
- Roped hydraulic drive is a quiet, smooth drive system. It can be used in taller spaces without having to drill in the ground, as is done with direct hydraulic drive systems.
- Inline gear drive is the most economical and space-saving option, being able to fit into compact overhead spaces.
- Winding drum drive is an older technology that requires a machine room behind the rail wall of the elevator. However, this is helpful when needing options for replacing existing elevators, and it can be used for new installations as well.
In summary, the drive system you choose can impact the cost of your home elevator. Typically, the roped hydraulic drive is the most expensive, and the inline gear drive is the most cost-effective.
Whether you are building a new home or remodeling an existing one, there are construction costs to install an elevator in your home. Installation typically requires foundation work, a hoistway structure, electrical power, fixtures, trim carpentry, and finish work.
There are many factors that go into construction costs, such as:
- Number of stories in your home
- Type of drive system you choose
- Layout of your home
- Locations of your elevators doors (pass through, same side enter/exit, or 90 degree)
Contact a Home Elevator Expert to Get Started
We don’t believe in a one-size-fits-all solution. After all, you have a unique home that requires a unique elevator. That’s why we guarantee a personalized experience to determine the elevator details that work for you and your budget. There are no hidden fees when you work with us.
Whether you need a budget home elevator for under $30,000 or an elevator with high-end features, we have solutions. In the end, our service-oriented experts will ensure you have a safe, reliable elevator in your home.