The cost of adding a residential elevator varies based on several factors such as whether you’re adding an elevator during new home construction or within the confines of your existing structure during a renovation. Other factors include the number of stories in your home, the type of elevator you require and the degree of customization you desire.
To give you an estimate, the cost of adding a base level elevator to a new construction home will be approximately $22,000-$25,000. To add an elevator to an existing home can range from $30,000-$60,000, depending on the extent of construction needed to build the elevator shaft.