How Much Does a Home Lift Cost?

Installing a lift within your property has become a rising trend as more and more people choose to remain in their ‘forever homes’ as a result of property prices continuously increasing in several countries across the world. 

Previously, having a lift in your home was perceived as a luxurious item however now there are more home lift makes and models on the market, installing a platform lift within your property has become more tangible for many consumers. This has also enhanced quality of life and the overall time in which someone spends in their property versus moving – with the added benefit of future proofing properties for old-age and accessibility requirements. 

Factors To Consider

Type of Stairlift

With the vast array of home lift models on the market, there is a solution for all spaces and budgets. Many manufacturers of platform lifts provide an ‘off the shelf’ solution whereby the lift is installed in a number of days – reducing labour costs versus a long and bespoke installation project. 

The Stairs Themselves

The number of floors of which the platform lift is to travel to can determine price. It is unlikely that a regular home will consist of more than 2-3 floors; therefore, costs associated will be lower than if you were to purchase a lift for a commercial property such as a hotel that serves a lot of floors. 

Size Of Your Home

The footprint of your home lift can also decrease or increase pricing. The smaller the space your home lift needs to fit into, the cheaper it will be, this is purely down to the amount of material utilised to manufacture the footprint of the lift. 

Design of Stairlift

There are other design and finishing factors that contribute to the overall cost of installing a home lift in your property. Personalising the colour of your domestic lift, the flooring, the glass, the push buttons, and the back panels all affect the price. The higher-spec the aesthetics of your home lift are, the more expensive this will be. 

Additional Costs

Following installation there are still costs associated with operating your home lift. Thankfully, a large majority of platform lift solutions follow ‘plug and play’ technology with a minimum requirement of 240V (meaning you can essentially plug the lift into an ordinary socket). Current electricity costs will determine how much you pay for your lift throughout the year, however, many lifts on the market are striving to be energy consumption aware and have added technologies to accommodate this. 

Overall, there is no ball-park figure that can be applied to purchasing and installing a home lift in your property due to so many influencing factors as outlined above. Therefore, it is important that when considering purchasing, you have your needs and desires for a home lift outlined, including the level of associated building works that may be involved in creating space or preparing the space for a home lift to be installed. Through having your own specification for a home lift, you can ensure you are offered the best lift solution at the most suitable price for your requirements, and these can easily be adjusted to meet your budget.