As electric cars become more popular, the number of renters who want rental property owners who are willing to have an electric car charger installed in the home has risen as well. Americans have bought close to 800,000 electric vehicles in the past few years, with the number of electric vehicles sold going up every year.
If a resident asks for permission to install an electric car charger in your Mooresville rental home, there are some things you have to take into account before saying yes. Apart from the costs needed in the installation, your choice on who is going to do the installation and the possible value an electric car charger is going to add to your rental property are all questions that need carefully studied answers.
Installing an electric car charger in your rental home to appeal to residents with electric cars might be smart depending on the property’s location. Some areas have a greater concentration of electric car owners than others. If you have realistic expectations regarding future residents needing an electric car charger in the rental home, it might make so much sense to have it installed. Having an electric car charger put in could even bring in certain potential residents in these areas, so you can attract and keep great residents for your Mooresville property.
If you opt to have electric car chargers installed, it’s important to find a trained company to perform it. Making your resident handle it may seem like a way of avoiding hassle in the short term, but specialized chargers for electric vehicles need professional installation and perhaps a permit and inspection by local authorities. Some significant amount of work and knowledge is required in the installation, so such an important process should never be handled by residents.
If cost is something you’re concerned about, you should weigh the upfront costs of installation against the cost of losing a great resident. It might be more expensive to replace the renter than to take their request for an electric car charger seriously. Also, you should check and see if there are any energy credits or other tax deductions available for having an electric car charger installed. Tax incentives such as these could help defray the initial cost of installation.
As with any critical decision, it would be wise to consider the pros and cons of fulfilling your resident’s request for an electric car charger. And, you don’t have to figure it all out alone. At Real Property Management Value, we have the knowledge and tools to help you to fully assess the situation and make the decision that is best for you. Please contact us online or call us at 704-230-4074 for more information.