How much does A Home Elevator Cost?
The overall cost of installing a home elevator depends on several factors, including the type of elevator, installation complexity, and the finish materials chosen. At Sterling Elevators, a typical home elevator installation includes costs for both the elevator equipment and installation, but framing the shaft in your home is priced separately by a contractor. Here's a breakdown of these costs:
Elevator Equipment Costs
The equipment itself is the largest component of the total cost, and at Sterling Elevators, the equipment price typically ranges between $21,000 and $26,000. Various factors can influence the cost of the elevator equipment, such as:
Number of stops: Elevators that serve more floors (e.g., 2-stop, 3-stop, or 4-stop elevators) obviously require more equipment.
Number of openings: Elevators with multiple entry points, such as a front/rear or front/side door setup, add complexity and raise the cost compared to a single-door elevator.
Gate choice: The material and style of the gate will impact the cost. Basic black or white vinyl gates are the most affordable, while aluminum or scissor gates are more expensive. Additionally, choosing an automatic opener rather than a manual gate can further increase the cost.
Wood Choice: Just like your kitchen cabinets, the choice of wood for your elevator cab will change the pricing. Birch is included in the basic cab, but Oak and other stain grade wood options are available.
Hardware finishes: Customizations like call station finish options (e.g., brushed nickel, polished brass) and interior lighting choices allow homeowners to tailor the look of the elevator to their preferences, with premium finishes increasing the overall cost.
These elements provide flexibility in design and functionality, but they also contribute to a broad range of possible equipment costs.
Installation Costs
In addition to the elevator equipment, installation is the second part of our pricing. Sterling Elevators typically charges between $8,500 and $14,000 for installation. The installation cost depends on several factors:
Number of stops: The more floors the elevator needs to serve, the more extensive the installation, which leads to higher labor and material costs.
State-required permits or inspections: Depending on your location, state or local building regulations may require permits or inspections, which can add to the installation cost. These requirements vary by region and are necessary to ensure the elevator complies with safety standards.
Speed: If you need the elevator installed more quickly than the typical timeline, rush pricing is available. Expedited installation services may come with an additional cost due to the need for increased labor or working outside standard hours.
These installation costs ensure that the elevator is properly integrated into your home and meets all safety requirements.
Framing and Construction Costs
Beyond the equipment and installation, homeowners must also consider the cost of framing and preparing the space for the elevator. This part of the project typically includes:
Framing the elevator shaft: Creating a vertical space through the floors of your home to accommodate the elevator.
Electrical work: Ensuring the elevator is connected to the home’s power supply and meets local electrical code requirements.
Finishing materials: Choosing finishes that align with your home’s aesthetic, such as doors, walls, and flooring, can significantly impact the overall cost.
The cost for framing and construction can range from $5,000 to $15,000 or more, depending on your contractor’s pricing and the complexity of the project.
Additional Considerations
When planning for a home elevator, there are several other costs to keep in mind:
Building permits: Fees for local permits and inspections may be required and vary depending on your location.
Maintenance: Ongoing maintenance is necessary to keep the elevator operating smoothly and safely, with costs typically ranging from $300 to $600 annually, depending on the elevator type and usage.
Customization for accessibility: Elevators designed to accommodate mobility devices, such as wheelchairs, may require additional customizations, such as larger doors or specific control panel layouts.
Total Cost Estimate
When considering the total cost of a home elevator through Sterling Elevators, including equipment, installation, and framing, the price generally ranges from $33,000 to $49,000. Customizations, local regulations, and the complexity of the project can all influence the final amount. Homeowners should also budget for future maintenance and upgrades as needed.
While installing a home elevator is a significant investment, it provides convenience, enhances accessibility, and can increase the long-term value of your home. Working with a reputable provider like Sterling Elevators ensures that your elevator meets your specific needs and fits your budget.