Are you thinking of selling your home or business and looking for suitable ways to increase the value of your property? Well, you may be thinking along the lines of converting the loft into a living space, adding a new heating system or maybe even applying for planning permission for an extension, but have you considered upgrading your property with an electric vehicle charge point? How would the installation of an EV charger increase the value of your property exactly? Well, there are two main reasons why catering to EV owners and effectively future proofing your home or business can contribute to an increase in value.
The first reason that your property will see an increase in value is very simple, although maybe so much so, that you wouldn’t even consider that it could possibly contribute to increasing the value of your property.
As a result of the relatively high retail price tag currently attached to the majority of electric vehicles, it is of little surprise to learn that recent studies show that the majority of current EV owners are likely to earn an annual income that is higher than the national average. Good for them right, but what does this have to do with increasing the value of your property? Well, this means that through installing an electric vehicle charge point, when the time comes to sell, you are more likely to attract a higher standard of potential buyer.
Furthermore, you might be looking to sell your home or business to a large management company in the future and if that is your plan, it goes without saying that the more worth you add to your property, the more organizations will consider your property a priority purchase. Introducing an electric vehicle charge point will not only enhance the property itself but also enables your property to stand out against the competition, especially when financial specialists are evaluating which properties they may wish to add to their portfolio.
Also, do you have a parking space included in your property? Although not a fast rule, it is the general consensus that a parking space is worth around 5% of your properties value, something which will certainly not be decreased by the installation of an electric charge point. In fact, with access to OLEV and EST funding, there has never been a better time to increase the potential market value of your property!
As well, it should be of no surprise to learn that the number of EV owners in the UK is constantly on the rise and only set to continue. As more and more drivers continue to choose EV’s over petrol and diesel vehicles, adding a charge point will only contribute to future proofing your home and in turn add to the resale value of your home or business exponentially.
So, there you have it! Just a handful of the ways the value that your home or business premises can be significantly increased, through the installation of an EV charge point!
If you are thinking of improving your property with an EV installation, then please contact us at Evolution EV Charging today and let’s see what we can do for you!