As electric cars get more popular, the number of renters looking for rental property owners willing to have an electric car charger installed in the home has risen too. Americans have bought almost 800,000 electric vehicles over the past couple of years, with the number of electric vehicles sold increasing yearly.
If a resident asks for permission to put in an electric car charger in your Calvert County rental home, there are a couple of things you should take into consideration before approving it. Aside from the costs required in the installation, your choice on who is going to do the installation and the potential value an electric car charger is going to add to your rental property are all questions that should have thoroughly studied answers.
Installing an electric car charger in your rental home to bring in residents who have electric cars might be smart depending on the property’s location. Some areas have a greater number of electric car owners than others. If you have reasonable expectations regarding future residents needing an electric car charger in the rental home, it may make so much sense to have it done. Having an electric car charger put in can even be appealing for certain potential residents in these areas, so you can attract and keep quality residents for your Calvert County property.
If you opt to have an electric car charger installed, you need to get a qualified company to perform it. Letting your resident handle it may seem like a means of avoiding trouble in the short term, but specialized chargers for electric vehicles require the installation by professionals and maybe a permit and inspection by local authorities. There is a substantial amount of knowledge and work involved in the installation, which is why such a vital process should never be left up to a resident to take care of.
If cost is something that worries you, you should compare the upfront costs of installation to the cost of losing a quality resident. It might be more expensive to replace the renter than to take their request for an electric car charger seriously. It’s also good to check and see if there are any energy credits or other tax deductions available for installing an electric car charger. Tax incentives such as these could help in reducing the initial cost of installation.
As with every important decision, you should examine the pros and cons of fulfilling your resident’s request for an electric car charger. And, you don’t need to figure it all out on your own. At Real Property Management Gold, we have the knowledge and tools to help you to evaluate the situation carefully and make the best decision for you. Please contact us online or call us at 301-392-2172 for more information.