Should You Install a Car Charger to Increase Home Value?
One of the most common questions I’ve received in the past 10 years is whether installing a car charger will increase property value. With electric vehicles now a regular part of the automotive world, it’s understandable why more homeowners are asking if EV chargers increase their property value.
Do It for You, Not the Buyer
My recommendation is simple. If you need a car charger, install it for yourself. But do not install one solely for the idea that it might boost your home’s resale value.
Years ago, when electric vehicles were newer, installation was expensive. Few electricians handled installing EV chargers and the cost reflected that. Today, installation typically costs around $1,000, depending on the electrical panel and distance to the garage.
While it is more affordable, the return on investment is still minimal. Buyers view an existing car charger as a nice bonus, not a must-have. Even those who drive electric vehicles expect to install their own and often have brand preferences like Tesla or ChargePoint.
No Real ROI for Resale
Buyers generally don’t place extra value on an installed charger. Many plan to install their preferred equipment anyway. So, while it’s convenient, most are not willing to pay more for a home that has one.
The One Time It Makes Sense
If you’re building a new home or doing major renovations that already involve an electrician, this is the time to act. Running a 220V line to the garage during construction or electrical work is a smart move. It’s cost-effective and future-proof. You may not need a car charger now, but you might in the future or the next owner likely will.
A Simple Upgrade with Long-Term Potential
Having the 220V line in place allows flexibility for installing EV chargers. It’s an inexpensive way to prepare your home for future needs, whether it’s your next EV or the buyer’s. It’s not about increasing the sale price. It’s about removing a barrier that could turn off a potential buyer.
Final Thoughts
Install a car charger for your own use and enjoyment. Don’t install one with the hope of seeing a financial return when you sell your home. But if you’re already doing electrical work or building from the ground up, installing a 220 line is a smart step forward.
Want Advice on Value-Boosting Improvements?
If you’re thinking about what upgrades might improve your home’s value, I’m happy to connect you with a trusted real estate agent in your area. You can also check out my post on home improvements that actually add value.
