Home elevators can be expensive depending on their features, the number of floors served, and whether they are built while constructing the house or retrofitted in an existing house. As of 2013, basic elevators cost from $15,000 to $30,000, and the overall cost can reach $100,000, according to Nationwide Lifts.
Features that can increase the cost of having an elevator include mirrors, grab bars, mosaic, stone and wood paneling. Traditional elevators run quietly using cable-driven or hydraulic drive systems, whereas contemporary elevators feature a cylindrical shape and run using cable-driven or pneumatic drive systems.
Hydraulic elevators are the most expensive type, because they need a machine room. In comparison, pneumatic home elevators are the most affordable, as they use less energy and do not require a machine room.