Elevators are an excellent choice if the space and budget allows.
An elevator will cost around $20,000-$25,000 for a home, and around $35,000-$45,000 for a commercial building not including the building modifications required.
A vertical platform lift such as the Garaventa Genesis works just like an elevator, with the exception that it can only carry 750 pounds and can only lift up to 14 feet.
Elevators require regular maintenance that can become more expensive than that for wheelchair lifts.
In historic buildings, an elevator will require serious building modifications and loss of historic fabric, where often times a wheelchair lift such as the Xpress II or Artira can be installed with virtually no building modifications.