If you're investing in multifamily housing, don't forget about EV (electric vehicle) charging stations. EV charging stations add value to multifamily housing communities. If you hadn't thought about adding EV charging stations to your housing plans, you need to. You might not realize this, but charging stations are an important part of any community. If you're not sure you need to add EV charging stations to your multifamily plans, read the list provided below. Here are four benefits you'll enjoy when you include charging stations in your multifamily housing community.
Attract More Applicants
Are you looking for a way to attract applicants for your housing community? If you are, now's the time to add EV charging stations. EVs are becoming more popular. That means the demand for charging stations is at an all-time high. Unfortunately, charging stations are hard to find. That's why you need to add charging stations to your community plans. You'll attract more applicants. This is especially true once people know they can charge their cars without waiting in line. Charging stations also help you retain your resident numbers. That means you'll have fewer vacant units to worry about.
Add to Your Amenities List
Do you want to offer better amenities for your residents? EV charging stations are the perfect option. Most multifamily communities offer amenities like swimming pools and on-site laundry facilities. But, on-site EV charging stations are hard to find. This is especially true with regard to multifamily housing communities. When you install EV charging stations, you'll provide amenities that your residents want and need.
Avoid Building Code Issues
If you haven't added EV charging stations to your community plans, you might be at risk for penalties and fines. Many states have added charging station requirements to their building code regulations. You can avoid fines and penalties by installing charging stations. If your state doesn't require charging stations yet, they might in the future. If that's the case, you'll be prepared for the changes.
Keep Funds in the Community
If you're looking for a way to increase the revenues of your multifamily housing community, now's the time to invest in EV charging stations. Without on-site charging stations, your residents will need to find somewhere else to charge their cars. But, if you offer community-based charging stations, those fees will stay in the community. You can use the extra funds to provide other services for your residents.
Contact a local turnkey EV charging station service to learn more.