Common Myths About Residential Elevators
September 12, 2025
Installing a residential elevator is a big decision—but it doesn’t have to be a confusing one. At Alchemy Elevator, we talk to homeowners every day who are interested in adding an elevator to their home but are hesitant due to common misconceptions. Whether you're building a new home or upgrading an existing one, knowing the facts can make the process smoother, safer, and more affordable than you might think.
In this blog, we’re debunking some of the most common myths about home elevators so you can make an informed choice—and feel confident doing it.
Myth #1: Residential Elevators Are Only for the Elderly or Disabled
Fact: While elevators can be a game-changer for those with mobility challenges, they’re not just about accessibility—they’re also about convenience, safety, and even luxury.
Many families install home elevators to help with carrying groceries, moving laundry or luggage, or simply avoiding stairs in a multi-level home. They’re also a smart investment for aging-in-place planning, even if you don’t need mobility support right now. Today’s homeowners want comfort and long-term functionality—and an elevator offers both.
Myth #2: Home Elevators Are Too Expensive
Fact: Residential elevators are far more affordable than most people assume. Thanks to technological advancements and streamlined installation processes, modern home elevators come in a wide range of models and price points.
At Alchemy Elevator, we offer some of the best pricing and warranties in the Carolinas, along with flexible options from leading manufacturers like RAM, Savaria, and Fox Valley. You’ll also save long-term by choosing quality equipment with lower maintenance needs—and we’ll guide you toward the best fit for your home and budget.
Myth #3: Installation Takes Too Long and Is Disruptive
Fact: With the right team, elevator installation is fast, safe, and minimally disruptive. Our experienced installers at Alchemy Elevator specialize in high-quality, efficient installations—many of which are completed in just a few days, depending on the scope of work.
We work closely with your builder, contractor, or architect to make sure everything runs smoothly and on schedule. Even for retrofits in existing homes, we have solutions designed for tighter spaces with minimal construction required.
Myth #4: Elevators Use a Lot of Energy
Fact: Modern residential elevators are surprisingly energy-efficient. Many models are designed with low power consumption in mind and operate on standard household voltage. Hydraulic and pneumatic options often use power only on the ascent—not the descent—helping reduce electricity usage over time.
Our team can recommend energy-smart models and explain their impact on your utility bill. Spoiler alert: it’s probably less than your refrigerator.
Myth #5: Home Elevators Are Unsafe
Fact: Elevators installed and maintained by licensed professionals are extremely safe. At Alchemy Elevator, safety is our top priority—from the quality of the equipment we install to the precision of our work. We follow all local codes and regulations and provide ongoing maintenance services to ensure your system stays in top condition.
Today’s residential elevators are built with multiple safety mechanisms including emergency stop buttons, backup batteries, door interlocks, and alarms.
Myth #6: Elevators Reduce Home Value
Fact: It’s actually the opposite. Residential elevators often increase a home’s value, especially in multi-story homes or high-end real estate markets. Homebuyers are increasingly looking for accessibility features and long-term convenience.
A professionally installed elevator adds a touch of luxury and practicality, especially in coastal or retirement-friendly areas like North and South Carolina. Whether it’s your forever home or a future resale opportunity, an elevator can make your property stand out.
Myth #7: You Need a Huge Home for an Elevator
Fact: Residential elevators are more compact than you think. There are models specifically designed for tight footprints and smaller homes, including shaftless or through-the-floor lifts.
Our consultants help homeowners choose the right size and style based on available space, lifestyle needs, and design preferences. You don’t need a mansion to enjoy the convenience of an elevator—just the right guidance.
Let’s Bust These Myths Together
Adding an elevator to your home shouldn’t be intimidating. At Alchemy Elevator, we’re committed to making the process simple, transparent, and tailored to your needs. From consultation to installation and long-term maintenance, our team is here to support you every step of the way.
Whether you're planning a new construction or retrofitting an existing home, our goal is to deliver superior products, industry-leading safety standards, and unmatched customer care—all at an affordable price.