There are many factors that affect the cost of a home elevator. These include durability of materials, size, carrying capacity, safety features, number of floors it serves, decoration for the interior of the cab (for e.g. carpeting, mirrors or chandeliers), choice of model and additional accessories you installed to make your home elevator unique.
How an elevator is installed and operated also affects the cost of residential elevators. The cost will also vary based on whether you are installing the elevator in an existing home or in a home which is under construction. Installing a home elevator system to an existing home will cost more than installing it in a home which is under construction.
The price of an elevator varies according to its type. Hydraulic e
levator, electric or traction elevator, pneumatic lift elevator and overhead winding drum elevator are the different types available. Prices for the various elevator types change with different companies and when applied in different settings. Normally, the cost of a home elevator ranges from $10,000 to $20,000, including installation costs.
With many attractive home elevators available in the market, it is quite challenging for you to select the best elevator at the best price. It is advisable to make a comparative study and then select one that best serves your purpose.
Having a home elevator increases the marketability of your residential property. It not only adds 10% more on the resale of your home but also provides you excellent mobility solution while you own that home.
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