The number of renters who look for rental property owners willing to install an electric car charger in the home has risen as the popularity of electric cars has soared. Americans have purchased almost 800,000 electric vehicles in the last few years, with the percentage of electric vehicles sold growing annually.
If a resident asks for permission to install an electric car charger in your Sugar Hill rental home, there are a couple of things you should take into account before saying yes. Besides the costs required in the installation, your choice on who will perform the installation and the possible value an electric car charger will add to your rental property are all questions that should have carefully studied answers.
Installing an electric car charger in your rental home to entice residents with electric cars might be smart depending on the location of the property. Some areas have a greater amount of electric car owners than others. If you can reasonably expect that future residents are going to need an electric car charger in the rental home, it might make a great deal of sense to go ahead and get it installed. In these places, having an electric car charger installed may even be a draw for certain potential residents, which would help you attract and maintain quality residents for your Sugar Hill property.
If you elect to have electric car chargers installed, it’s crucial to get a qualified company to do it for you. Allowing your resident to take care of it might seem like a means of avoiding a hassle in the short term, but specialized chargers for electric vehicles require installation by specialists and possibly a permit and inspection by local authorities. There is quite an amount of work and knowledge involved in the installation, so such a critical process should never be left up to a resident to handle.
If cost is an issue, it’s important to consider the upfront costs of installation against the cost of losing a quality resident. It might be costlier to replace the renter than to take seriously their request for an electric car charger. Moreover, you should check and see whether there are any energy credits or other tax deductions available for getting an electric car charger installed. Tax incentives like these could aid in defraying the initial cost of installation.
Just like any important decision, it’s 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 by yourself. At Real Property Management Executives Greater Atlanta, we have the knowledge and tools to help you to assess the situation thoroughly and make the decision that is right for you. Please contact us online or call us at 678-504-8580 for more information.
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