Believe it or not, elevator installations are becoming more and more popular in private homes. This is due simply to drastic price reductions for equipment and installations, as of late. So what does an elevator installation cost in 2022? Here is a list of typical costs for both commercial and residential elevators.
Commercial Elevators
If your building has multiple floors and a decent amount of traffic, then you may be required by law to make all areas accessible to everyone. Simply put, office buildings, schools, libraries and other commercial properties need a working elevator. So, what are the costs associated with purchase and installation of these elevators? There are many factors that go into estimating total cost. These factors are based on the specific layout and needs of the building and type of elevator chosen for installation.
- Average starting cost of a commercial elevator: $50,000
- Starting installation costs: $50,000-$60,000
In most instances, building designers are bound by certain lift design and capacities for any commercial elevator installations. Typical office buildings will have an elevator weight capacity around 3,500 lbs. Most residential elevators will weigh at least 1,000 lbs less than commercial elevators. How many elevators are needed in each building will vary, as well. An office building typically needs one elevator installed per every 45,000 square feet. Apartment buildings differ between one elevator for every 60-90 units. Hotels will need one elevator for every 75 rooms or simply one elevator for a three-floor hotel.
Residential Elevators
As is the case with commercial elevators, there are many factors that can either drive the cost of installation up or down. Most residential elevators will weigh anywhere from 500 to 1,000 lbs, utilizing cables or hydraulics for mobility. Any installation will call for the services of a licensed professional. Installations can be tricky inside a home, with limited space. Professionals must install the proper car, cables and a functioning electronic control system. Remember, all equipment must meet requirements for National Safety Codes for Elevator Safety.
- Home elevator installation cost: $2,000-$60,000
- Average cost: $30,000
- Equipment prices: $1,000-$40,000
- Installation: $1,000-$20,000
Chairlifts are a much cheaper option for homeowners looking for some form of transportation from the first to second floor. Chairlift installations will usually cost somewhere between $3,000-$4,000. Additional costs, of course, will apply here since you will need to hire an electrician and contractor for the project. Make sure you obtain any necessary permits before installing a chairlift in your home.
Why Install A Home Elevator?
There are more reasons as to why you should install a home elevator other than just out of convenience and/or necessity. Adding a home elevator will increase your home’s property. Without a doubt, a home elevator will also make your house safer. Many people, especially the elderly, will struggle going up and down the stairs. Eliminate the danger and invest in a home elevator. Most elevators will save you space inside the home, as well. Think of all the ways you can use the space that your stairs once occupied.
- Can increase value of a home
- Elevators save space
- Enhances home safety
- Gives your home a stylish and modern appeal
Do You Need Elevator Services In Arizona?
Arizona Elevator Solutions is your go to elevator specialists that can handle anything from elevator repair and maintenance to elevator modernization and upgrades. Get a free elevator modernization quote from Arizona Elevator Solutions today! We also offer elevator services in Colorado.