A stairlift carries people from one floor to another on a motorized chair that runs on a rail. It’s a much more budget-friendly option than an elevator, less disruptive to fit, less costly to maintain, and doesn’t take up a lot of space.  An elevator carries one or more people in a dedicated compartment or platform. It’s often more practical for wheelchair users, can add value to your home, and allows you to transport other items more easily.