Residential elevator custom installed in a a home by Accessible Systems of Denver

Residential Elevator Cost and 5 Other Factors to Consider

Nathan Colburn Education, Newsletter

Through-the-floor residential elevator custom installed by Accessible Systems

Thru-the-floor residential elevator takes up little space

Adding a residential elevator can be a perfect solution, if accessibility in your home is a challenge. As the footprint of residential elevators has decreased over the years, more seniors, elders and homeowners that are handicap or have a physical disability are considering adding a home elevator as a viable option to make moving between levels in a home easier and safer. However, as with any home modification project, there are a number of considerations before ruling out other mobility solutions.

Residential Elevators

6 factors to consider when adding an elevator to your home

  1. How Much Does a Home Elevator Cost?
    On average, the residential elevator cost, including installation, is around $20,000. This cost of adding an elevator to your home may be financially prohibitive for some. There are many factors that influence the cost of the home elevator and the construction surrounding the installation, retrofitting and finish work required. Personal design preferences also come into play, such as matching trim and molding to the rest of the house.
  2. How Much Space Do You Need for a Home Elevator?
    While the footprint of residential elevators has been reduced significantly in the past few years, many homeowners neglect to realize that in order for an elevator to be installed, there needs to be significant space available. The construction of an elevator shaft can limit the location of the elevator to certain parts of the home or make the installation of a traditional elevator impossible. There are non-traditional options available that include a through the floor elevator and inclined platform lifts.
  3. Residential elevator installation with door by Accessible Systems in Denver

    Residential elevator that will match the home’s interior design

    What are Your Aging in Place Goals?
    Knowing what you want to accomplish by making a significant improvement like an elevator to your home can help you decide whether or not it is a wise investment. Having a clear idea of what it means to you to stay in your home, be able to maintain your independence and knowing what your mobility concerns will be as you age in your home can help drive the decision to add an elevator to your property or to choose another means of accessibility instead.

  4. Does a Residential Elevator Increase Value in a Home?
    The addition of an elevator to your home can increase the resale value of the property, for the right home buyer. Making this substantial and permanent home modification can be attractive to buyers who are looking to purchase an accessible home. On the flip side, some buyers may be turned off by the cost of having an elevator in the home and what was meant to be a home improvement could work against you when it’s time to sell.
  5. How Long Do Residential Elevators Take to Install?
    Putting an elevator in your home requires more time for installation and construction than the addition of a vertical platform lift, a stair lift or an inclined platform lift. If you need an accessibility solution that can be installed fairly quickly, an elevator may not be able to be ready in time to meet your needs.
  6. What’s the Home Elevator Construction Time
    The installation of a residential elevator includes some very invasive construction work that can require additional time and money due to unforeseen issues. Choosing to add an elevator to your home can mean weeks of construction noise, dust and crew members in your space. A through-the-floor elevator can take 2 weeks, whereas an exterior elevator that in essence is like a home addition, can take 3-4 weeks to complete.

Residential Elevator Experience

At Accessible Systems, we want to ensure that our customers have all the information they need to make these life-changing improvements to their homes. Choosing the right product to expand your access to your home and remove barriers in your residence is the key to freedom and personal mobility.

If you’ve been considering a home elevator but would like more information or are wondering if putting an elevator in your home is truly the best option, let our experienced team help you decide. For more than 20 years, Accessible Systems has been a leader in home accessibility modifications in the greater Denver, Greeley, Cheyenne, Colorado Springs, Salt Lake City, and Dallas metropolitan areas. We understand the challenges you and your loved ones face each day. Put our experience, creativity, and products to work for you and your family today! Request a FREE residential elevator evaluation.