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Hydraulic elevators have an average cost of $20,000 - $30,000 for the elevator itself, with installation pushing the total cost to around $40,000 - $45,000 or higher. Pneumatic elevators are easier to install with a total cost of around $35,000 - $50,000 on average.

The actual cost of the elevator can run from $15,000-$30,000 and that doesn't include framing, electrical, engineering, and finish out. Overall, a home elevator can increase the value of a home and provide access to upstairs for all home buyers. If you plan ahead early, you can age gracefully with your home.

The PVE30 is the smallest residential elevator in the world, yet it is just as capable as other residential elevators that are much larger and much more expensive. The PVE30 elevator has a 350lb (159kg) lift capacity and is capable of up to 50 ft. (15m) of rise over as many as five stops.

Elevators in the home are highly beneficial as well as safe. Residential elevators provide ease of access to other floors in the home, provide a safer route for carrying things from floor to floor, and adds significant value to your house.

A standard elevator requires approximately 25 square feet of space. The elevator drive system utilized may impact the floor plan. For instance, if the model requires a machine room, additional space is needed. Most elevators require a pit of approximately 8 inches.

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