First and foremost the size of your elevator cab can drastically affect the price of your elevator. Going with a smaller cab can help keep the price down; however, opting for a larger cab can cost you. The average cab size for an in home elevator is 35 inches wide by 48 inches deep. The standard size is plenty big, but if you need to upgrade, be prepared to pay.

Cost Of A Home Elevator

Freedom Hydro Home ElevatorOn average, an elevator should cost you between $19,000 and $25,000.

The cost of home elevators can vary drastically, and if you’re in the market, it’s important to know how much you should be paying. On average, an elevator should cost you between $20,000 and $35,000. Cheaper elevators can be as low as $18,000 and the most expensive can reach a heart stopping cost of $100,000

Take a look at some of the following factors that can seriously impact the cost of an elevator.


Drive System
The driving mechanism behind your elevator has a lot to do with how much it costs. A full-sized, traditional powered elevator with a machine room, cables, and pit will cost significantly more than a hydraulic elevator or pneumatic elevator that does not require as many moving parts, oils, or maintenance. If finances are an issue, choosing an elevator with a simpler drive system could help cut costs significantly.

Hydraulic Drive – The Hydraulic drive system is a common system that powers both residential and commercial elevators. This system is popular not only because it’s quiet but also because of its incredibly smooth ride. This system is used in high quality, luxurious elevators, and is anything but cheap. If you’re looking to save money, getting an elevator with a hydraulic drive system is not the way to do. Annual maintenance is a must, and with so many moving parts, something will need to be replaced at least every other year. Installation is expensive, as well, so be prepared to pay a premium price for this highly coveted system.

Winding Drum – An elevator with a winding drum system does not provide the silent, smooth ride that the hydraulic drive provides; however, this system is very dependable. If finances are tight, you can rest assured that an elevator with a winding drum system could save you a lot of money, especially on installation. The only drawback, financially, to this type of system is that it does require some yearly maintenance, although it’s nothing compared to the hydraulic drive system.

The style and design of your in-home elevator is also a price factor. Heavy details and extra finishing aren’t cheap, so if aesthetics are especially important, be prepared to spend a little more. Contemporary, pneumatic elevators aren’t as customizable as traditional drive shaft elevators. If you don’t want to be tempted by styles and finishes, choose a contemporary tube elevator for your home.

Hydraulic Elevators – Hydraulic elevators, for instance, usually require that a pit and machine room be built. They use a hydraulic arm and fluid to move the elevator cab between floors. Hydraulic elevators are typically larger and have higher weight limits. People who use a wheelchair would benefit from the large cab space and smooth ride of a hydraulic elevator. Because hydraulic elevators require a lot of construction and installation, they will fetch a higher price.

Cable Elevators – Cable driven elevator swill be more in the middle of the road when it comes to pricing. Depending on if the model you choose needs a pit and/or machine room, a cable elevator in your home will cost you around $25,000. Cable driven elevators need a track, motor, and cable system installed, which can take a while to install.

Pneumatic Elevators – Rising in popularity because of its price and modern look, pneumatic elevators are the most affordable home elevator option. They use vacuum technology to literally suck the elevator cab up to the next floor. The great thing about pneumatic elevators is they are self-supporting, so they never need a pit or machine room. They can be attached to a balcony or fit through a hole in the floor, making installation quick and easy. There are models of pneumatic elevators built small enough for a single rider and others that are large enough to accommodate someone in a wheelchair.

Price Lift
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