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We spent $80,000 to install a new elevator in the old 2 story high school here, new construction off the end of the old building, no elevator previously.It was in two years until the new school was completed and they auctioned off the contents of the old school. Elevator sold for $1700.84. We spent $80,000 to install a new elevator in the old 2 story high school here, new construction off the end of the old building, no elevator previously. It was in two years until the new school was completed and they auctioned off the contents of the old school.
One of the safest designs, a hydraulic elevator requires more installation, which may cost $20,000 to $30,000. Your home needs a pit, a machine room, and an interior or exterior hoistway for a hydraulic elevator, and in preparation, you may need to contact an architect to draw up plans.ow much does a residential elevator cost? In general, the fixture of a cab and hoistway can run from $15,000 to $100,000. Several factors go into the overall cost of purchasing and installing a residential elevator.