101 Mobility

Home Elevator Pricing Guide

Adding a residential elevator to your home is one of the best ways to prepare for aging in place and simplify multi-level mobility. 101 Mobility offers a full line of residential elevators to suit homes of different types, including both new construction and existing homes. How much a home elevator costs will vary widely based on many factors, including the type of drive system, the number of floors served, and the structural modifications needed for installation.

How Much Does a Home Elevator Cost?

The total installed cost for a home elevator can vary widely, starting from about $33,000 and reaching upwards of $80,000.

Home elevators are unique. A total price will vary depending on the number of floors in your home, the type of elevator you select, necessary structural modifications, and any customization options you need. Because of these custom requirements, the only way to get a firm, accurate price is through an in-home evaluation.101 Mobility offers free consultations to help create an accurate, individual quote for your home elevator needs.

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Cost Ranges by Elevator Type & Use Case

Home elevators can cost anywhere from $33,000 to more than $80,000. The wide price range for home elevators is largely due to the structure of the home, elevator model or type, and when installation is planned. Often, the cost differences reflect the complexity of the structural work, not just the elevator itself.

New Construction Home Elevator Cost

If you are building a new home or undertaking a major remodel, you have the advantage of planning the elevator shaft and pit requirements in advance. This scenario typically falls on the lower end of the overall pricing spectrum because elevator installation requires fewer structural modifications, less demolition, and less adaptation of existing walls. Planning ahead allows for a smoother, and potentially more cost-effective installation process.

A wooden cabinet stands next to an open home elevator door in a warmly lit room with beige walls and carpet flooring.

Retrofit/Existing Home Elevator Cost

Adding an elevator to a home that is already built, known as a retrofit, usually comes with a higher price tag. These projects often require significant construction, demolition, and adaptation work to create a suitable elevator shaft, pit, and support structure. The increased cost is a direct result of the labor and time spent integrating the elevator into the existing home’s structure.

stiltz duo home elevator.

Premium/Specialty Home Elevator Cost

As much as $80,000+

Specialty and high-end elevators are designed for unique applications, advanced functionality, or luxury finishes. This category includes units with features like glass walls, panoramic views, multi-stop capabilities, luxury finishes, or outdoor installations. Depending on the scope and complexity of the custom design, these premium projects can sometimes exceed $80,000 depending on scope.

An open residential elevator with light wood interior, located next to a kitchen area with white cabinetry and light-colored walls.

Key Factors That Influence Home Elevator Price

The final quote for your home elevator is determined by a combination of the equipment chosen and the complexity of the installation. By understanding these major cost factors, you can better predict your total investment:

  • Type & Drive System: The core function of an elevator is to go up and down, so it makes sense that the mechanism used to power that would be a major price factor. Options like cable-driven, chain drive, hydraulic, or pneumatic systems each have different equipment costs, installation requirements, and space needs. Opting for a shaftless or pneumatic vacuum elevator can sometimes reduce structural costs.
  • Number of Floors/Stops: Each additional stop or higher travel distance the elevator needs to cover adds to the material, labor, and complexity, directly increasing the overall cost.
  • New Construction vs. Retrofit: As mentioned, the cost of installing an elevator in an existing home is typically higher than in new construction. This difference is due to the need for structural modifications, demolition, and creating an elevator shaft or pit.
  • Cabin Size & Finishes: Standard cabin sizes and simple finishes are more affordable. Opting for a larger cabin size, custom interior finishes (wood paneling, specific lighting), or a higher weight capacity will increase the price.
  • Site Conditions/Installation Complexity: Existing space constraints, difficult access to the installation area, or the need for excavation work to create a pit can add significantly to the installation cost.
  • Compliance & Safety Features: Your quote includes essential elements for compliance and safety, such as code compliance features, multiple safety systems, and backup battery power to ensure the elevator operates during an outage.
  • Brand & Model: Premium elevator brands or those offering highly customized designs and unique drive systems will typically cost more than standard models.
  • Maintenance & Warranty: While not part of the initial sticker price, it is important to factor in long-term support. Understanding the post-installation maintenance schedule and the specifics of the manufacturer and installer warranties is key to evaluating the total cost of ownership.

What’s Included in the Price of a Home Elevator?

When you receive a quote from 101 Mobility, it is designed to be all-inclusive so you know exactly what you are paying. Your quote covers all major components and services, ensuring the project moves forward smoothly from start to finish.

The price of a home elevator from 101 Mobility includes: 

  • The Elevator Unit: This includes the manufacturer cost of the elevator itself, the drive system, motor, and the controls.
  • Installation & Structural Work: The price covers the entire installation process, including the mandatory site inspection, necessary permit handling, and any required structural work, demolition, or adaptation to your home.
  • Safety & Electrical Systems: This ensures the elevator meets all code compliance and includes the electrical wiring and all necessary safety systems, such as backup power.
  • Finishes and Cabin: Our quotes always include the price of the cabin, though custom or luxury finishes may add to the total price.
  • Warranty and Service: Your investment includes 101 Mobility’s 1-Year Limited Service Warranty, in addition to the standard manufacturer warranties on the equipment.
An older man exits a residential elevator while a woman sits on a sofa reading in a modern living room with a staircase in the background.

How to Pay for a Home Elevator Installation

Investing in a home elevator is a powerful modification to support aging in place, adapt to a multigenerational home, and increase home value. It is, however, a major financial decision. The good news is that there are several ways to help manage the cost.

Financing Options

At 101 Mobility, we know that fitting an elevator into your budget is important. That’s why we offer flexible financing solutions designed to suit your individual needs. Since financing options can vary by location, the best next step is to contact your local 101 Mobility. Our experts will help you explore the options available and find the best solution for your purchase.

Funding Assistance

Beyond financing, you might qualify for outside assistance to help cover the costs of residential accessibility upgrades. Individuals, especially Veterans and those with disabilities, may be eligible for funding through VA benefits or various accessibility grants. We highly recommend exploring local and national programs that offer grants for home modifications specifically designed to enhance accessibility.

Get an Accurate Home Elevator Quote

The final cost of a home elevator will depend on the specific installation site and your personal needs. The best way to get a real, all-inclusive price is through a free, professional consultation.

When you request a consultation from 101 Mobility, our experts will come to your location to measure the area, assess the space, check on power requirements, and account for every variable. This essential in-person evaluation is what ensures the final quote you receive is accurate, helping you avoid any costly surprises down the road.

When you schedule your free consultation, you’re getting more than just a price. Your quote covers the peace of mind that comes with:

  • Professional Installation: Guaranteeing your lift is installed safely and correctly.
  • Local Service: Access to ongoing support and maintenance from your local branch.
  • Full Warranty: Comprehensive coverage on the product for long-term reliability.
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a home elevator.

Why Choose 101 Mobility for Your Home Elevator Installation

Choosing a contractor for a permanent mobility solution like a home elevator requires confidence in their expertise, service, and support. We’re proud to be experts in home elevator installation—and in home mobility solutions as a whole.

When you partner with 101 Mobility, you benefit from:

  • National Strength and Local Expertise: We have served over 159,000 lives across 18,000 communities with more than 15 years of experience. This national strength ensures access to the best products, while our local branches provide personalized, community-focused service.
  • Certified Installation and Trusted Brands: We offer certified installation of top industry brands, including Bruno, Cambridge, and Savaria, which are known for their quality and reliability.
  • Custom-Fit Solutions for Any Home: Our experts are skilled in handling both new construction and complex retrofit scenarios. We can provide a custom-fit solution, whether you are planning an elevator into a design or adapting it to an existing structure.
  • Free Consultation Eliminates Cost Surprises: We believe in complete transparency. Our free site evaluation helps remove cost surprises and guides you directly to the right solution for your needs and budget.
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A 101 mobility team member having a conversation with a person.

Frequently Asked Questions

The typical installed cost for a home elevator from 101 Mobility ranges between $33,000 and $80,000+. The final price is highly customized based on the model, structural needs of your home, and the number of floors the elevator serves.

Yes, but retrofitting an elevator into an existing home generally requires more construction and structural modification compared to new construction. Options like shaftless or vacuum elevators may reduce the extent of structural work required.

Installation time varies, but most home elevators can be installed in a few weeks, including the necessary construction work.

While there are several factors that can affect residential elevator ROI, including your home’s location, your home’s size, and the elevator type you have installed, studies show that home elevators have the potential to increase your home’s value by up to $67,000.

These terms refer to the drive system used: hydraulic elevators use fluid pressure, pneumatic (or vacuum) elevators rely on air pressure, and shaftless elevators are designed to travel through a cutout in the floor without a traditional hoistway. Each system has different space and maintenance requirements.

After installation, you should expect routine maintenance costs to ensure the long-term reliability and safety of the unit. Your initial price includes the manufacturer and 101 Mobility’s limited service warranty, but ongoing service plans are recommended.

Yes, permits are typically required for home elevator installation and are handled as part of 101 Mobility’s installation process. Traditional elevators may require a machine room or a pit (a shallow hole below the bottom floor), while some newer designs, like shaftless models, eliminate these requirements.

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