What Impacts Residential Elevator Cost?

Technology has made many advances, as more generations desire to stay in their homes permanently. As a result, residential elevators have become more and more popular. With a surge of interest in vertical transportation industry, many homeowners are asking the question, “what impacts my residential elevator cost?”

A home elevator can add to the property value by 10% or more. The personal value, however, is priceless, as an elevator allows the homeowner to age in place. The term “forever home” is often a wistful goal, but with an elevator, remaining in one’s home for life is an actual possibility.

The Motley Fool

When installing a home elevator there are many cost considerations to think about. Is the elevator being installed into a new or old building? What type of elevator is needed? Actually, GMV North America has designed a home elevator product named the VEU residential elevator. As a result, our technology makes sure clients receive high value for their residential elevator cost.

Considerations for a home elevator

Homeowners should consider these topics:

  • Where will the elevator go? (A closet? A side addition to the house? The living room or kitchen?)
  • How much weight will the elevator need to carry? (Is the elevator for a single person? Is there a wheelchair involved?)

Our VEU hydraulic elevator technology

  • 2:1 Roped Hydraulic lifting system
  • Automatic Doors
  • Main power supply 208v or 230v 1 phase
  • Speed Wiring System

To see a full list of VEU elevator features and technology, visit our VEU page and download our brochure.

How do I calculate my residential elevator cost?

As a rule of thumb, home elevators will range in price due to specific needs and individual design. That being said, they can range from in the $20,000’s to upwards of $40,000. Remember though, cost will vary based on your unique needs, which is why we created our elevator configurator. Many elevator companies have long and complex ways to calculate the cost of your elevator. However, at GMV North America, we have designed a user-friendly configurator. Furthermore, our configurator lets you customize your elevator and provides clear pricing immediately. Very little hassle, very accurate results. Want to learn more? To use our configurator, please speak with a representative today.

100% Complete Packages

Moreover, our VEU clients benefit from our 100% Complete Package approach which ensures their product is delivered in one all-encompassing unit, right down to the hydraulic oil.

Learn more about how our complete package approach saves clients time and money today.

GMV North America’s VEU residential elevator

Therefore, if you think the VEU residential elevator would be a good fit for your home, or want to learn more, please contact us today. We would be thrilled to help you on your home elevator journey!