As the popularity of electric cars increases, so would the number of renters looking for a rental home with an electric car charger. It would be smart for property owners to look into installing one. Nearly 800,000 electric vehicles have been purchased by Americans over the last few years. There is an annual increase in sales of electric vehicles.
If a resident asks for permission to install an electric car charger in your Kennesaw rental property, there are a few points you need to evaluate before granting the request. You should consider the up-front expense of the installation of the charger. You should also consider who will be doing the work of installing it. And you should also consider the potential value that an electric car charger would add to your property.
Installing an electric car charger in your rental home appeals to residents who own electric cars. This means that the viability of such a decision largely depends on the location of the property. Some areas have a lot of electric car owners while other areas may have little to none. If you think that future residents will need an electric car charger in the rental home, then it would be a smart move to have one installed. In these areas, having an electric car charger installed draws certain types of residents. This means that you’ll be attracting and retaining quality residents for your property in Kennesaw.
If you decide to have electric car chargers, it’s crucial to find a qualified company install it for you. Allowing your resident to do it themselves may seem hassle-free but you run the risk of many things going wrong. The problem is that these are specialized chargers for electric vehicles. This means that professional installation is required; and in some cases, a permit and inspection by local authorities is also required. A significant amount of work and knowledge is required for the installation. This is why it is not wise to let the resident handle such an important process.
If cost is a major concern, then it is important to weigh the upfront cost of installation against the cost of a quality resident leaving. It may be more expensive to find another resident to rent the property than it is to grant the request for an electric car charger. It would also be wise to check with local authorities and see if there are any energy credits or other tax deductions you can avail of when you install an electric car charger. It’s tax incentives like these that reduces the initial cost of installation.
Just like in any important decision, it would be prudent to evaluate the pros and cons of granting your resident’s request for an electric car charger. And you don’t have to deal with this all on your own. At Real Property Management East Cobb, we have both the means and know-how to help you gauge the situation carefully and arrive at a decision that is right for you. If you have any questions or would like more information, feel free to contact us online or call us at 770-622-5657.