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Cost of Home Elevator Installation

Installing an Elevator in Your Home

The average cost of installing an elevator in a typical two-story home is about $23,000. Unfortunately, each job is different and it's impossible to perfectly estimate the cost of your unique project. To help you out, we've compiled a list of the most important factors that may influence the total cost of your home elevator.

1. Permit inspection fees. All home elevators must be built according to local building codes. The cost of any and all permit inspection fees should be included in your contractor's quote.

2. Your geographic location. Your geographic location can have a big impact on the cost of installation. You should expect to pay a little more in major cities and larger towns, where the cost of living is somewhat higher. Check out our Elevator Installation Cost Report to research prices near you.

3. Is this new construction? It is much easier to install an elevator when a house is under construction. Retrofitting an elevator into an existing house can become complicated (and expensive). However, this shouldn't discourage you. Newer "shaft-less" models are much easier to install than bulkier hydraulic elevators.

4. Style of elevator. There are several types of elevators to choose from, including traditional hydraulic elevators and pneumatic vacuum elevators. There are also newer “shaftless” and “gearless” home elevator options that tend to require much less space. Your contractor can help you decide which type of elevator will work best in your home (and within your budget).

5. Number of stops. How many floors will the elevator need to stop on? Most home elevator systems will have two stops. Anything more than two stops will come at an additional cost. However, if you live in a 3-story home or townhouse, it may be the only option available.

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6. Travel distance. How far does the elevator need to travel? 20 feet? 40 feet? The longer the elevator needs to travel, the more you can expect to pay for the installation.

7. Multiple entrances. The installation of your elevator should include at least one entrance to the elevator at each stop. If you need multiple entrances to the elevator, for instance one on each side, this will increase the cost of adding an elevator to your home.

8. Sizing the cab. What will the elevator be used for? Does it need to fit one standing person? Or, does the elevator need to fit a large, power wheelchair? The size of the cab will determine the size of the elevator hoistway (or shaft) that you need. Larger cabs (and hoistways) are typically a little pricier.

9. Customizing the cab. A basic elevator cab with a manual gate is going to be the most affordable option. Upgraded interiors, like marble and exotic wood, will cost extra. An elevator with automated doors will also be considerably more expensive.

10. Support a local contractor. Working with a local contractor is typically your best bet. If you live outside of the contractor's normal service area, trip charges and fuel surcharges may add significantly to the total cost of installation.

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About the Author

ProMatcher Staff, ProMatcher
Orlando, FL 32803

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Cost of Elevator Installation fixed fee (typical two-story house)
Average Cost
High  $24,202.77
Low  $22,211.14
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