Metadata: Explore the pros and cons of renting vs. buying a stair lift. Learn about cost-effectiveness, customization options, and other factors. 

What You Should Know About Renting vs. Buying a Stair Lift

Stair lifts make living in multi-level homes more accessible. Recent data from the National Vital Statistics System show that falls are the leading cause of death in those ages 65 and older, and that number is increasing each year. 

CDC data shows that the age-adjusted fall rate increased by 41% from 2020 to 2021. Using mobility aids and devices is a simple way to reduce fall risks. 

Installing stair lifts is a simple way to prevent stair-related falls and allows those aging in place to move safely around their homes with complete independence. 

But you’re likely wondering, is it worth it to install a stair lift? Or should you rent a stair lift? Today, we’ll explore the benefits of buying versus renting a stair lift and what suits your home. 

Renting a Stair Lift

If you’re considering renting a stair lift, it’s likely because you’re unsure you’ll be staying in your home or are on the fence about making such a significant investment. 

Many benefits come with renting instead of buying one outright, including the ability to rent for only as long as you need it. When you’ve finished using the device or no longer require it in your home, the company will return to disassemble it and restore your stairs to their original state. 

The downside of renting a stairlift instead of buying it is that you may require the chair lift for stairs longer than you initially thought, and you’ll be stuck paying a rental fee. 

Before renting or buying stair lifts, consider how long you’ll need the mobility device. If it’s a few short months, renting would be a better option, but if you’ll require them for a year or more, buying is often the best way to save money on your purchase. 

Hiring a stair lift company is easy. Search for reputable businesses in your area and ask around. 

Independent Home Solutions installs stair lifts for different stair types in service areas in Pennsylvania and Kansas. 

Buying a Stair Lift 

Purchasing a stair lift may be right for you if you plan on staying in your home as long as possible or have a loved one who needs assistance getting up and down stairs safely.

Experts in senior care, like Yelena Sokolsky, an RN and CEO of Galaxy Home Care NY, generally conclude that “for long-term needs, purchasing a stairlift is often more economical in the long run. Ownership allows for customization, and the lift becomes a permanent fixture tailored to the specific needs of the home and the user”.

When buying, you won’t have to worry about monthly payments or returning the stairs. A professional can set it up and get immediate access to any multi-level home. 

Buying them is also better for long-term cost-effectiveness, saving money over time. You can also purchase customized stair lifts for unique spaces and will have full ownership and control over the mobility aid.

Frequently Asked Questions

How much do stair lifts cost to rent versus buy? 

Buying a stair lift costs between $2,500 and $30,000, while renting only costs between $175 and $400 monthly. 

What company can I buy or hire a stair lift from? 

Independent Home Solutions is a trusted company that uses high-quality Bruno lifts to give homeowners access to every floor of their homes. 

What are Independent Home Solutions service areas? 

Our service areas in Pennsylvania include Harrisburg, Lancaster, Reading, and York.