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Usually, residential elevators end up costing lots of money when they are not properly maintained, lack a maintenance agreement or are abused by people who use it.

If I lived in your building and the board asked me the same question, this is how I would answer.

  • First, what is the maintenance history for the elevator? What is its usual state: operable, or out of order?
  • Second, how much money has been put aside in reserves to upgrade the elevator?
  • Third, how does Otis advise the board about upgrades and operational changes?
  • Fourth, how much does it cost to run the elevator?

Given this raw data, the board should be able to make a decision about finding the best way to save money operating the elevator.


Caveat: What extraordinary expenses are there to run the elevator, except electricity?
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Q: You live in condo with 5 floors you have Otis elevator getting old how can you upgrade and find changes that saves us money to run it?
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