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The shaftless elevator is designed to serve two floors within a residential setting and is often considered the most cost-effective option among small elevators. It requires minimal construction, making it a popular choice. Also referred to as a through-the-floor elevator, the shaftless home elevator occupies a small footprint and can be installed in various locations with minimal construction work. Typically, installing a shaftless elevator involves cutting a hole between the floors, reducing the expenses associated with retrofitting a home for an elevator.