As the world recognizes the need for different types of energy to fuel our vehicles, it is becoming more common to hear visitors ask about a strata buildings capability to add electric charging to each individual parking stall. Most, if not all, new buildings now come with this feature. Not every older building has the capability of adding this feature, so if it is important to you as a buyer, you should ask before committing to viewing a property.
The Convenience Factor
Convenience is a major roadblock to many purchasing electric vehicles. Filling up the gas tank in less than 5 minutes is convenient, even if it is more costly. Planning roads trips around stopping for an electric charge can be challenging to say the least. Most people who have electric vehicles are used to planning their commutes around getting a charge. So, having the ability to charge a vehicle from a strata parking stall is a major advantage.
Increasing The Value
There is no doubt that this ability will also increase the value of a property. The production of electric vehicles is being encouraged by governments at all levels, so the ability to charge them will continue to have more and more value to real estate buyers. It would be logical to conclude this factor could be considered a make or break feature in the future. Adding it to any building will increase the value of that property.
What Is Needed
Older buildings may require upgrades to their electrical system to facilitate the additional capability. There are many government incentives or grants available to a building if they need to hire an EV solution experts to help them understand what is needed. This will need to be coordinated by the strata management, who will them conduct a study about the availability of this feature.
Who Pays The Bill?
Billing can raise some question marks among condo residents. A lot of people will assume that the building will become responsible for paying for each charge and subsequently everyone will be paying. That isn't true, each charging station will be individually billed to the owner of that station. This is important to clarify.
Where There Is A Will, There Is A Way
It does take a willingness from a strata council to consider adding this feature to their building. But, every day, it is becoming more and more beneficial. Electric vehicle production shows no signs of slowing down, so this is a feature that will continue to be popular.