Modern residential elevators are an excellent investment for every home seeking to improve accessibility and mobility. Whether your home has a senior loved one or someone who uses a wheelchair or any other mobility issue, elevators offer loads of convenience to ascend and descend multiple floors of a home.

However, it doesn’t take away from the fact that it is a decision that requires careful planning.

Several aspects go into deciding the cost of lifts. If you are currently looking for residential elevators in Colorado, here’s what you need to know:


Residential elevators aren’t an out-of-the-box item like a washing machine or an air conditioner. Each unit is customized to fit the dimensions of your space. Before you can even get started with the budget part, you must decide on the installation location. If your house is currently under construction, you need to design a shaft as per your requirements. For homes already in place, consider a spot close to an external wall.

Additionally, it can also be constructed in a garage or storage area to conserve carpet space.

A minimum of 5 ft by 5ft space is necessary for the hoistway to occupy. Based on the level of usage, the kinds of items you may carry apart from the user, and other needs and requirements, it will determine the configuration and dimensions of your lift.

The list includes:

  1. Material cost
  2. Type of system
  3. Complexity of installation
  4. Features coming with the elevator unit

The in-built and add-on features will further differentiate the cost factor. For instance, some people might require a bell, telephone, among others. While deciding on such add-ons, you need to ask yourself whether that feature fulfills the safety and comfort of the user or is done just to look “nice”.

In addition to this, the number of stops and height of your lift will also come into play.


Conventional elevators like the ones you see in high-rise buildings usually comprise hydraulic and pneumatic systems that require substantial construction modifications. Such changes are not only expensive but also extend the project completion across weeks. Thankfully, with the technological advent, we have access to smarter systems that are easy to install and don’t compromise on safety.

Old-fashioned systems also come with heavy-duty circuit breakers that require costly rewiring. Modern residential elevators don’t require such cumbersome installation. Besides increasing home value and accessibility, an elevator also acts as a great showpiece. With growing popularity and dependency of seniors on elevators, it is no more a luxury but a necessity to every home.

In conclusion, your budget will totally depend on the requirements and safety priority of your space. If you would like to learn more about residential elevators in Colorado and decide on an appropriate estimate, our experts can assist you with the same. Connect with us today for more information.

Leave Us a Message:

Please enable JavaScript in your browser to complete this form.
Please enable JavaScript in your browser to complete this form.