Staying at home is one of the most prominent concerns for North America’s aging population, with over 75% of adults expressing the direct desire to remain in their homes for as long as possible (source). Sadly, 44% of seniors feel that they will eventually have to move and sacrifice the space they love to access mobility solutions that allow for quality of life and peace of mind.At RAM Elevators + Lifts, we understand how important it is to have the freedom to live where and how you want, regardless of your age or life circumstances. We also know that there are a lot of misconceptions when it comes to the cost of installing a home elevator and how it compares to the cost of moving. Whether you’re planning for your future, thinking of mom and dad, or want to build a residential property that is fully accessible for the biggest resale demographic, an elevator is an excellent option for any residence.
Below, we’ll explore why homeowners are discovering the benefits of upgrading their space with an elevator, and how doing so is often more cost-effective than you think. Read on to learn more!
Unpacking the Real Cost of Moving
If you’ve been contemplating moving due to mobility needs, it’s important to consider all of the costs associated with relocating. On paper, downsizing to a bungalow or apartment may seem more straightforward, but as many quickly find, there’s often a much higher cost financially and emotionally. If you’re debating selling, you’ll want to be aware of additional costs that can quickly add up, like:
Real estate fees
Realtor commissions, staging, marketing and other associated fees can quickly add up and subtract from the overall total you net from selling. You’ll also need to consider related costs like lawyer fees, inspections, appraisals, and land transfer taxes.
Renovations
Long-time homeowners often need to shoulder the upfront cost of renovating their current house to match market standards, which can often result in unexpected additional costs should you find unknown issues along the way. You may have to renovate your future home (or settle for a less-than-perfect space if you are not permitted to), which can mean even more costs in the long run.
Buying a new home
Today’s housing market can be fickle, and for those looking to move, you could be facing higher price tags, especially if you need to relocate quickly or want to stay in the same neighbourhood.
Leaving what you love
One of the hardest things about moving is leaving the life, legacy, and memories you’ve built. Permanently relocating can be highly emotional and stressful, especially for those who would rather stay in the home they know and love.
Stay at Home with a Home Elevator
Residential elevators from RAM offer a valuable solution for those who want to stay at home but are unsure how to navigate between floors safely. While many tend to think that elevators are an extravagant luxury, the reality is they’re far more practical and affordable than you may think, especially compared to the cost of moving. With the help of one of our Stratus, Crystal, or Prism models, you’ll gain more than just mobility. You’ll also gain the freedom to:
- Stay in the home you love
- Improve your comfort, convenience, and safety
- Plan confidently for aging in place
RAM’s compact and pitless design eliminates the need for machine rooms, meaning it can be installed in small spaces with minimal renovations. Best of all, RAM’s extensive customization options allow you to select finishes, lighting, and flooring that complement your home’s design for a seamless fit.
Whether you want a subtle, integrated look or a statement piece with glass panels and sleek lighting (hello, Crystal!), you don’t have to settle.
RAM products are designed and built in Canada, which means faster lead times, greater quality control, and reliable availability, all for a superior customer experience.
Make the Choice That Moves You
A home elevator isn’t just a convenience. It’s peace of mind and the freedom you deserve at any age.
If you’re weighing the cost of moving against the cost of upgrading, RAM can help you make a confident, future-forward choice. Our team and dealer network are here to guide you through your options, evaluate your space, and create a solution that fits your lifestyle and budget.
Contact us today to learn more!