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2016 Elevator Prices
For someone with limited mobility, navigating a home can become increasingly difficult. If climbing stairs has become a struggle for you or a loved one, installing a home elevator could be the ideal solution to restore full access to every part of your house. It not only improves quality of life but also promotes independence and safety.
Many people avoid considering a home elevator due to concerns about high costs. However, the reality is that prices have actually been decreasing in recent years, making this option more affordable than ever before. Advances in technology and increased competition have led to more efficient and cost-effective solutions.
One of the most innovative options available today is the shaftless elevator. Unlike traditional models, these elevators don’t require a dedicated shaft, which significantly reduces installation time and costs. A basic two-stop shaftless elevator can be installed for around $17,500, including both equipment and labor. This makes it an excellent choice for retrofitting into existing homes without major structural changes.
In contrast, adding a traditional elevator to an older home often involves extensive renovations. Costs for carpentry, electrical work, and plumbing can easily reach $15,000 to $20,000, which may even exceed the price of the elevator itself. With a shaftless model, site preparation typically costs less than $3,000, making it a far more budget-friendly alternative.
If you're building a new home, incorporating a traditional elevator with a shaft might be more practical. The additional cost of the shaft is usually minimal compared to the overall construction budget, and it offers greater flexibility for future modifications.
Home elevator prices have seen a slight decline over the past few years. On average, a two-stop system ranges from $20,000 to $25,000, while a three-stop unit may cost around $24,000 to $30,000. These prices include both equipment and professional installation. Keep in mind that costs can vary depending on your location, as factors like labor rates, insurance, and local regulations can influence the final price.
Whether you're looking to improve accessibility in your current home or planning for the future, there are now more affordable and efficient options than ever before. Consulting with a qualified installer can help you choose the best solution based on your specific needs and budget.