Home Elevator Frequently Asked Questions
Does an elevator add value to my home?
Yes. A study done by Florida State University found that a residential elevator can add up to 10% to a home’s value. We have also found that an elevator will significantly reduce the time your home is on the market if you ever decide to sell.
How much does a home elevator cost?
On average, you can expect to pay somewhere between $30,000-$60,000 for the installation of a home elevator. The cost will depend on the amount of construction required and also the type of residential elevator that is installed. For example, a through the floor style elevator is going to be less expensive than a traditional home elevator because a hoistway is not required. Upgrades and design options will also have an effect on the total cost of a home elevator.
Can an elevator be added to my current home, or can it only be added to a new home?
Yes, an elevator can be added to a current home. To The Top Home Elevators provides the services of an architect, contractor and years of elevator experience and can help you find the best location for an elevator with the least amount of cost and impact to your current home design.
Does an elevator require maintenance?
Yes. Just like your automobile, furnace or air conditioner, a residential elevator is a mechanical investment. Maintenance costs will vary based on the location of the elevator, amount of use and type of lift system.
Can I install an elevator on my own?
No. The current home building codes require a licensed installer with a licensed company to install and maintain residential elevators. An error during installation can result in serious injuries.
How much space is needed for a residential elevator?
A good rule of thumb is 5 foot by 5 foot. Some instances will call for a slightly larger location, some will require less. Each elevator is unique.
What does an elevator look like?
The elevator is a rectangular box that can come in a variety of finishes. You can visit our style & design page to view different finishes.
Is a home elevator a better solution than a stair lift?
This depends on a number of things. A home elevator costs a lot more than a stair lift but it is a much more luxurious addition and also adds value to a home. If you are looking for a quick and more affordable solution, then a stair lift is the better solution. If getting on and off of a chair is too difficult for the user, then a residential elevator would be the better and safer solution.
Can I have an elevator that looks more like a commercial elevator?
What happens when the power goes out?
The manufacturers we represent provide a battery backup system standard with your residential elevator. In the event of a power failure, the battery takes over control of the elevator and gets you safely to the nearest, or next lower, floor landing so you may exit the elevator safely.
Are residential elevators safe?
Yes, very much so. Residential elevators are built to meet very stringent safety standards as put forth by the ASME (American Society of Mechanical Engineers). Additionally, the elevator must meet State and local codes and inspections. Fact: You are a million times less likely to get injured in an elevator than climbing a set of stairs!!
What is the best drive system?
This depends on your specific needs, the home it is going into and what you expect from your elevator. It is best to sit down with an elevator specialist and determine your specific requirements before choosing an elevator.
What is a “through the floor” elevator? A through the floor elevator is exactly what it sounds like! It literally travels through the floor of a home on a guide rail-system through a floor cut out. These types of residential elevators are preferred by homeowners looking to save money on construction.