As electric cars grow more popular, the number of renters who want rental property owners willing to have an electric car charger installed in the home has risen as well. Americans have bought close to 800,000 electric vehicles in the last couple years, with the number of electric vehicles sold going up each year.
There are a few notes you should consider before saying yes to a resident’s request for permission to install an electric car charger in your Winter Garden rental property. Aside from the costs of installation, choosing who is going to perform the installation and the potential value an electric car charger will add to your rental property are all questions that require well-thought-out answers.
Depending on the location of the property, installing an electric car charger in your rental property to bring in residents who have electric cars may be smart. Some areas have a greater concentration of electric car owners than others. It might make a lot of sense to go ahead and have it installed if there is a reasonable expectation that future residents are going to need an electric car charger in the rental property. In these places, getting an electric car charger installed could even draw in certain potential residents, allowing you to entice and keep great residents for your Winter Garden property.
If you decide to have electric car chargers installed, you need to find a qualified company to perform it. Letting your resident handle it may seem like a way to avoid trouble in the short term, but specialized chargers for electric vehicles need professional installation and maybe a permit and inspection by local authorities. There is a significant amount of work and knowledge involved in the installation, which is why such a vital process should never be left up to a resident to deal with.
If cost is a concern, you have to weigh the upfront costs of installation against the cost of losing a great resident. It may be pricier to replace the renter than to take their request for an electric car charger seriously. It’s also a good plan to check and see whether there are any energy credits or other tax deductions available for installing an electric car charger. Tax incentives such as these can help defray the initial cost of installation.
As with any important decision, it’s smart to assess 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 on your own. At Real Property Management South Orlando, we have the knowledge and tools to help you to assess the situation carefully and make the decision that is right for you. Please contact us online or call us at 407-982-2000 for additional information.
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