The number of renters who search for rental property owners willing to install an electric car charger in the home has grown as the popularity of electric cars rises. Americans have purchased roughly 800,000 electric vehicles in the last few years, with the percentage of electric vehicles sold rising annually.
There are some matters you have to take into consideration before saying yes when a resident asks to install an electric car charger in your Seattle rental home. Separate from the costs involved in the installation, deciding who is going to perform the installation work and the potential value an electric car charger would add to your rental property are all questions that need answers that have been carefully thought out.
Installing an electric car charger in your rental home to draw in residents with electric cars may make sense depending on the location of the property. Some areas have a greater concentration of electric car owners than others. It might make a lot of sense to have it done if you can reasonably expect that future residents are going to need an electric car charger in the rental home. In these areas, having an electric car charger put in may attract certain prospective residents, allowing you to entice and maintain quality residents for your property in Seattle.
You have to find a qualified company to do it should you decide to install electric car chargers. Allowing your resident to handle it may seem like a way to escape trouble in the short term, but specialized chargers for electric vehicles require installation by specialists and maybe a permit and inspection by local authorities. There is a substantial amount of work and knowledge needed in the installation, which is why such a critical process should never be left up to a resident to take care of.
If cost concerns you, you should weigh the upfront costs of installation against the cost of losing a great resident. It may be more expensive to replace the renter than to take their request for an electric car charger seriously. It’s also a good plan to find out if there are any energy credits or other tax deductions available for installing an electric car charger. Tax incentives such as these could aid in defraying the initial cost of installation.
As with any important decision, you should evaluate 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 Eclipse, we have the knowledge and tools to help you to examine the situation carefully and make the decision that is right for you. Please contact us online or call us at 425-209-0252 for additional information.