Price of a home elevator and general budget considerations.
The answer to this question will vary greatly on several factors including elevator type, number of floors, cab style, location and complexity of installation. An example of this would be for a typical elevator installation serving two floors.
A traditional style elevator serving two floors will cost around $30,000 and $10,000 for each additional floor after. This is an average price for standard equipment. The price can change significantly for a custom cab finish or additional cab entrances. When requesting price quotes it is always recommended to have a minimum of three estimates for the elevator. The estimates should be for the exact same type of elevator or there wont be a true comparison.
Hoist-way construction cost are separate from the elevator price and can also vary depending on the requirements for construction, permitting, local regulations and labor cost. Typically we see these cost to be equal to the price of the elevator. Total budget $60,000 for a two stop traditional style elevator. How do we know this to be accurate? This information is based on a national average from home elevator companies across the United States and over 20 years of hands-on knowledge in the elevator business.