As electric cars become a more popular choice for a vehicle, the number of renters asking rental property owners to install an electric car charger in the home has also increased. Americans have ordered almost 800,000 electric vehicles within recent years, with the percentage of electric vehicles sold growing every year.
If a tenant asks you to install an electric car charger in your Springville rental home, there are quite a few things you should look at before saying yes. In addition to the costs attributed to the installation, picking who should do the installation work and the value an electric car charger will add to your rental property are questions that involve carefully thought out answers.
Installing an electric car charger in your rental home to allure tenants who have electric cars may depend on the location of the property. Some places have a higher concentration of electric car owners than others. If you think that potential tenants will need an electric car charger in the rental home, it might make sense to install one. In these locales, having an electric car charger installed may attract up-and-coming tenants, permitting you to find and keep ideal tenants for your property in Springville.
If you elect to install electric car chargers, it’s necessary to find an experienced company to install it for you. Allowing your tenant to watch over that transaction may be like a way to set aside a stressful situation in the short term, but specialized chargers for electric vehicles need professional installation and sometimes a permit and inspection by local authorities. There is a huge volume of work and knowledge needed for the installation. In this regard, such an essential process should not be left up to a tenant to watch over.
If the cost is a deterrent, it’s essential to assess the whole costs of installation against the cost of losing a very good tenant. It could be more financially costly to replace the renter than to consider their application for an electric car charger. It’s also a good idea to consider whether there are any energy credits or other tax deductions available for installing an electric car charger. Tax incentives like these may help meet the initial cost of installation.
With regards to any essential decision, it’s smart to consider the pros and cons of complying with your tenant’s asking for an electric car charger, and you don’t have to do it all on your own. At Real Property Management Utah County, we have the knowledge and tools to help you to weigh this predicament conscientiously and find the decision that is best for you. Please contact us online or call us at 801-224-0033 for more information.
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