As the demand for electric cars becomes greater, the number of renters looking for a rental home with an electric car charger has gone up. Owners should consider installing one to their rental property. Nearly 800,000 electric vehicles were bought by Americans over the last few years. The sales of electric vehicles have increased every year.
If a resident asks for permission to have an electric car charger installed in your La Porte rental home, there are some things you should think about before agreeing. Firstly, there is the expense involved in the installation. Secondly, you also need to consider who should do the installation work. And Thirdly, also consider the potential increase in value when you add an electric car charger to your rental property. All these are things that need careful consideration.
Installing an electric car charger in your rental home would capture the interests of people who own electric cars. This means that location plays an important role in making the decision. Some areas have a large number of electric car owners while other areas may only have a few. If you can reasonably forecast the need for an electric car charger in the future, it may be good for your residents if you would have one installed. In these areas, having an electric car charger installed would attract quality residents. It would draw— and retain— the best residents for your property in La Porte.
If you decide to have an electric car charger installed, it’s important to have it done by a qualified professional. Letting your resident do it themselves may seem like a good idea to avoid the hassle, but that would be very risky. The problem is that these specialized chargers for electric vehicles require professional installation, and in some cases, a permit must be given, and an inspection must be done by local authorities. There is a huge amount of work and knowledge needed for the installation. This is the reason why such an important process should not be left up to the resident to handle.
If cost is a concern, then it is necessary to weigh the costs of both options. On one side, there are the upfront expenses of installation; and on the other, the loss of a quality resident. It may be more expensive to have to look for a new renter than it is to grant their request for an electric car charger. It’s also a good idea to check if there are any tax deductions— like energy credits— available for an owner who is installing an electric car charger. Tax incentives like these go a long way in cutting down on the cost of installation.
As with any important decision, it is a must to check the pros and cons. You need to do this when deciding to grant the request for an electric car charger. And you don’t have to deal with this alone. At Real Property Management Prestige, we have trained experts with the knowledge and tools to help figure out the right decision for you. For more information, feel free to contact us online or call us at 281-532-5455.
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