Calculate the cost of a home elevator by factoring the number of stops it needs to make, its carrying capacity and special features such as floor and door type. The cost of labor for the installation is another key factor.
Home elevators are popular in many multi-level houses as they provide a greater level of access and convenience for occupants with mobility issues who are unable to easily climb stairs. Many families with elderly members or children with physical disabilities choose to install an elevator in the home to allow everyone access to each floor.
One of the largest factors contributing to price is the number of floors that the elevator can access. A basic elevator only makes two stops and is typically installed in a two-story home. Adding the ability to reach more floors increases the cost as it either requires more material for the moving mechanisms or an upgrade to an entirely different system.
The special features of the elevator's interior also contribute to the final price, as options such as folding safety doors and traditional doors carry different prices. The type of flooring in the elevator cab, along with options such as communication equipment, also affects the price.