- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 25 Nov 2020
Factors that Affect the Cost of a Lift
The price of lifts can vary significantly, whether they are residential or commercial. From lift dimensions to the building work required to fit the lift, there are a wide range of elements that can impact on the total cost.
Factors that influence price
Size of cabin
The size of the cabin can influence its final price. Typically, smaller cabs can be more cost-effective, as they will occupy less space and require less building work, although that is not always the case.
Choosing one type of elevator above another can incur additional costs. A hydraulic lift is likely to have a different price than a platform lift, for instance. It is crucial that anyone seeking to install a lift, be it in a home or in a commercial property, is aware of any necessary requirements to make the right decision when it comes to type.
Level of automation
Number of stops
While an lift can go up and down several storeys, each one will require building work and adjustments to ensure the lift is working properly. So, each additional storey will impact on the final price.
When it comes to installing lifts, the features of the property itself, be it a residence or a commercial building, are also important. A tall building will require more stops which, in turn, will be more expensive.
The cabin finishes can be customised to fit personal or building specifications. Different finishes will have different costs, so each choice will influence the final price. Be it walls made of glass or wood, for example, or decorative motifs, the personalisation options are limitless.
A crucial factor when installing lifts is the cost of the construction work. Labour will add more expenses, so it’s important to take it into consideration before purchasing a lift – depending on what is needed (work hours, for example), individuals and business owners may pay more or less for such services.
Adding to the labour needed to install a lift, it’s also important to consider the work that will have to be done for this to happen. Some of the buildings factors that should be considered, since they will add extra costs, include; the size of the pit that will have to be dug, any electrical requirements, the possible creation of a structural wall, and the potential addition of a lifting beam.
There are many factors that influence the cost of a lift, and most depend on the elevator’s features and what is needed to install it. The cost of home lifts will also likely differ from the total price of commercial elevators, as they have different characteristics. For example, commercial elevators, such as ones installed in retail businesses or skyscrapers, often require more than a couple of stops, while home lifts tend to only have one or two.
Find out more
Related articles on Designing Buildings Wiki
- Different Types of Commercial Lifts and Their Uses
- Different Types of Service Lifts and Their Uses
- A Brief History of Lifts Over the Years
- Considerations When Installing a Residential Lift
- The World’s Fastest Lifts
--Nathan Massey 09:00, 22 Feb 2018 (BST)
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