Watch Out For These Hidden Home Elevator Costs

by | Jul 27, 2023 | Elevators

Home elevators are becoming increasingly popular among individuals looking to make their homes more accessible and safe, especially as they age or if they experience limited mobility. Nowadays, home elevators are essential in many homes as they provide a convenient and safe way for those with limited dexterity to move between different floors of their home without facing any mobility challenges.

The cost of installing a home elevator varies depending on several factors, such as the size of your home, the type of elevator you choose, existing structural elements, and labour requirements. While many individuals avoid installing home elevators due to the cost, RAM Elevators + Lifts have perfected the ideal mobility solution that allows homeowners to seamlessly install a home elevator at a fraction of the price. We believe that mobility solutions are a necessity and not a luxury, which is why we have manufactured home elevators that are affordable, functional, safe to use and easy to install. Learn more about RAM’s home elevators below!

The Benefits of Home Elevators

While the cost of installing a home elevator may seem high, it’s hard to ignore the long-term benefits and savings. For those looking to make their homes more accessible, the cost of installing a RAM home elevator is much more affordable than buying a new home or relocating. Instead of spending time and money looking for more accessible homes, you can simply install a RAM home elevator (almost) anywhere in your home.

Hidden Home Elevator Costs

Machine Rooms

Unfortunately, manufacturers might not fully disclose all additional costs to customers until it’s too late. Some of the most common hidden home elevator costs include construction costs. Now as we all know, installing a home elevator requires some home modifications to incorporate the machine; however, RAM’s home elevators don’t require an additional machine room. Our machine room-less home elevators are designed to be compact and self-contained, where all our essential components are placed and mounted safely on top of the elevator’s car. We are able to seamlessly install your home elevator with minimal site preparation and without the additional cost of constructing or building a machine room.

Maintenance Costs

Like any other machine, home elevators require regular maintenance once or twice a year, depending on the model. That being said, home elevators that require tube maintenance, fluid change and constant inspection of elevator parts need more than one or two maintenance visits a year. Each maintenance visit will add to your home elevator bill and cause homeowners to stress over every visit. With RAM’s home elevators, homeowners can rest assured that our products only require minimal maintenance yearly. Since all our home elevators incorporate our proprietary all-electric drive system, there’s absolutely no need for fluid changes or tube maintenance! Our drive system is powerful, reliable and quiet, which gives homeowners peace of mind throughout the year.

Avoid Hidden Home Elevator Costs with RAM

At RAM Elevators + Lifts, we understand the importance of mobility solutions in every household and have perfected home elevators that are not only affordable but functional, safe to use, and easy to install. We have eliminated the hidden costs commonly associated with installing home elevators, such as machine room construction and frequent maintenance visits.

Contact us today to learn more about our home elevator costs or request a quote to get started.


Get started with RAM today.