For a long time, people viewed having an elevator in your home as a luxury for the very rich. It was something only found in large mansions or movie sets. But as we move into 2026, that narrative has shifted. The trend of "aging in place" and the rise of vertical living have changed the home lift. People now see it as a smart investment in mobility and property value, not just a status symbol. If you are at your kitchen table thinking about adding a lift to your remodel or new build, the cost can be surprising. Let's break down exactly what you can expect to pay for a residential elevator this year.

Do you love living in your multi-story villa or duplex? Many homeowners enjoy the extra space of a multi-level home. However, as time goes on, climbing stairs can become a daily struggle. Carrying heavy laundry, moving groceries, or helping elderly parents can be difficult.