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Writer's pictureJulie Fortin

Luxury or Necessity? Weighing the Real Benefits and Drawbacks of a Home Elevator


elderly lady getting out of a home elevator
Image by ChatGPT

A home elevator can enhance a home’s functionality and add convenience, especially for those with mobility issues. One major benefit is accessibility. For individuals who find stairs difficult, an elevator provides a practical solution, allowing them to move freely across floors without strain. This benefit can also extend to families, as it eases the transport of heavy items like groceries, luggage, or laundry, making daily tasks less burdensome.


Another advantage is increased home value. An elevator adds appeal for future buyers, particularly in multi-story homes. This can make the property stand out in the real estate market, potentially increasing its resale value. Additionally, a house elevator can be a long-term investment. It prepares a home for aging in place, which means residents can continue to live comfortably as they age, without concerns about navigating stairs.


However, installing a home elevator does come with some drawbacks. Cost is a significant factor. Elevators require a substantial upfront investment, not only for installation but also for ongoing maintenance. This may include regular inspections, servicing, and repairs, all of which add to long-term expenses. Elevators also use energy, which can increase utility bills.


Space is another concern. Installing an elevator requires a dedicated area, which might involve structural changes that impact the home’s layout. Some homeowners may need to sacrifice existing rooms or storage spaces to accommodate the elevator, which can be limiting in smaller homes. Finally, breakdowns can be inconvenient and, in some cases, require costly repairs, impacting the elevator’s reliability.


A home elevator provides accessibility and can add value to a property, but it also involves costs, space requirements, and maintenance. For those prioritizing convenience and long-term planning, an elevator can be a valuable addition, though it is essential to weigh these factors carefully.


If you need your home elevator serviced or repaired, contact Apple Elevator at 416-586-5448. Please Note that Apple Elevator does not install home elevators.


Companies that will install home elevators in Toronto and the GTA:





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