Yes, the installation of a home elevator can increase the value of a home. In fact, there was a study done by Florida State University that found that a residential elevator can add up to 10% to a home’s value. A residential elevator can significantly reduce the time your home is on the market if you ever decide to sell.

The average price of a home elevator starts at about $30,000 and ranges upward from there (this does not include the cost of construction or home renovations). The cost of the elevator will depend on several factors such as model, brand, type of elevator, design, floors served, and more. 

Typically, home elevators can travel between 2-6 floor levels, but this is going to vary depending on the type of elevator model selected.

The simple answer is yes, elevators can be added to existing homes and new construction. Adding an elevator to new construction is an easier task as it can be built into the floor plan. If you’re looking to add one to an existing home, you may be limited on the types of elevators that can be installed, or additional construction may be required for retrofit it to your home.

If an elevator is not a fit for your home or within budget, stair lifts, and platform lifts are affordable alternatives to consider for safer & convenient access to all the floor levels of your home.

A shaftless home elevator is an elevator designed to seamlessly fit into a current home. No hoistway is required as the elevator cab travels through a floor cutout via a guide rail system. These types of elevators are commonly referred to as “through the floor elevators” and are great for homes with limited space.