New Build vs. Retrofit – When Should You Install a Home Elevator?

Choose new-build installation for maximum design flexibility, or retrofit later if mobility needs evolve. Elite Elevators delivers tailored solutions for both new homes and existing properties.

A home elevator is no longer viewed as a luxury found only on large estates; it is now an intelligent choice for accessibility, ease of use, and increased value of your property for years to come. However, many homeowners still ask themselves the same question: When should I put in a home elevator: New Build vs Retrofit? 

The timing, your budget, your home’s existing structural design, and your long-term plans will all impact the decision to install either a new build or retrofit; therefore, being aware of both options will provide you with the knowledge you need to make an informed decision.

Elite Elevators provides both new build and retrofit services for homeowners to ensure you can select the most efficient and cost-effective route.

Understanding New Build Elevators

When a home is being constructed, a new lift will be built as part of the overall construction of the house. A lift is included in the plan for the construction of the house from the very beginning. Architects and engineers will also be able to incorporate proper elevator shaft requirements into the design of the building.

Benefits of Installing During New Construction

When homeowners ask when to install home elevator systems, the simplest answer is during construction, if possible. Planning early avoids future remodeling costs and disruptions.

What Is an Elevator Retrofit?

An elevator retrofit is when an older home is fitted with an elevator after it has already been built. Many families choose this option when they plan to remain in their homes while they age or to be able to provide mobility assistance or support for multiple generations living together.

Elevator retrofits must take into consideration how the existing building can accommodate the installation of the elevator and also meet all of the safety regulations relevant to the installation.

When is a retrofit beneficial?

• One of the family members becomes unable to move easily.
• You will be staying in the house for a long time.
• You are remodeling part of your house. 
• You would like to be able to sell your home at a higher price without moving.

New Build vs Retrofit Elevators – A Clear Comparison

Below is a direct comparison to help you understand the differences:

Both options are viable. The right choice depends on your current situation.

Elevator Shaft Requirements: What You Need to Know

Elevator shaft requirements are important regardless of whether you’re installing during a new build or retrofitting an elevator. 

Key requirements include the following:

In a new construction, those requirements are typically identified up front, but in a retrofit project, our Elite Elevators team will assess the existing space and tailor a solution that best fits what’s available.

Cost Considerations: New Build vs Retrofit

Cost remains a key consideration for elevator installation:

Costs to Install New Build Elevators:

Costs to install elevators often are lower if built during new construction because

(1) The shaft is built into the structure of the home

(2) No need for tearing out or rebuilding the structure

(3) Labor associated with the elevator installation is integrated with the total building schedule; therefore, it will be less than if there were a delay to install the elevator after the home is built

Retrofit Home Elevator Cost:

Home elevator retrofit costs vary severely based on: 

• The need for structural improvements 
• The type of elevator selected
• The amount of finishing work necessary to match or complement the building’s interior
• Electrical upgrades and compliance requirements.

Here’s a general comparison:

At Elite Elevators, we conduct a detailed site inspection before providing an accurate retrofit cost estimate.

When to Install a Home Elevator

Still wondering when to install home elevator systems? Consider the following scenarios.

Install During New Construction If:

• Building a multi-story home.
• You want long-term accessibility.
• Want to future-proof your property?
• Prefer lower installation costs.
• Early planning allows for easy integration and savings.

Choose a Retrofit If:

• Your mobility needs have changed.
• Planning a renovation.
• Planning to stay at home long-term.
• You want to increase simplicity/resale value.
• A retrofit makes more sense when accessibility issues are immediately pressing.

Why Choose Elite Elevators?

Elite Elevators provides custom solutions for your elevator system needs, whether a new build or adding some modifications to an existing structure. With experience in completing all types of elevator installations according to all the necessary codes and guidelines and all safety considerations, as well as aesthetic considerations, our goal is to exceed your expectations.

What Sets Elite Elevators Apart?

Long-Term Value of Installing a Home Elevator

Home elevators offer long-term value with benefits that include the following:

• Improved Accessibility 
• Increased Property Value 
• Better Multi-Generational Living 
• More Independence 
• Adding Comfort Long-Term

Many homeowners hesitate to install a home elevator; however, as time progresses, those homeowners find out that an early home elevator installation would have saved them money and added convenience. 

Final Thoughts

Deciding whether to install a new build vs. a retrofit elevator depends on where your home is currently situated and what your future needs may be.

If you are building a home, the best way to go about having an elevator installed is during the building process. There are many advantages to installing an elevator during construction, such as cost savings and convenience. However, if you have already purchased a home, a retrofit elevator is an ideal solution for you.

You will need to consider things like elevator shaft requirements, installation timeframes, and the cost to retrofit an elevator into a home before making your decision.

With Elite Elevators helping you every step of the way, starting from structural assessments to the completion of your installation, you can be confident that you will receive a safe, efficient, and long-term value in your investment.