Skip to main content

Does an EV charger add value to your home? What you should know

Electric vehicles are a great way to reduce carbon emissions and limit our reliance on fossil fuels. With electric and hybrid cars becoming more widely available and more economical with every passing year, their maintenance is becoming a hot topic of discussion. If you’ve made the switch to an electric vehicle, you might be debating whether you should add an EV charger to your garage — and whether that addition will add to the value of your home. We’ve got the answers here.

Image used with permission by copyright holder

The rise of electric vehicles

While electric cars have existed for more than a century, the recent spike in their production is largely due to Tesla’s 2010 debut of its ground-breaking luxury electric car. Since then, the electric car movement quickly gained traction and, as a result, the vehicles have become more affordable.

In fact, sales of electric vehicles tripled between 2016 and 2020, and the vehicles hit record sales numbers in March of 2021. With many car manufacturing companies committing to a steady increase in their electric vehicle production, it’s fair to say that electric cars are the future of automotive vehicles.

Do EV chargers increase your property value?

Your home’s value is based on what price a buyer is willing to pay for it. Since electric vehicles make up such a small percentage of the number of cars on the road, how many people would you really be appealing to by installing an EV charger in your home? To determine if an EV charger will increase your home’s value, consider a few factors.

New generations of home buyers

Younger generations prefer making eco-conscious choices. In fact, a Pew Research survey found that more than half of Millennials and Gen Z’s are in favor of completely eliminating the production of gasoline vehicles in the next 15 years. With Millennials making up almost 40 percent of homebuyers and older Gen Z’s preparing to hit the housing market soon, EV chargers will increasingly impact home values as time goes on.

Increasing overall interest in electric vehicles

There’s no doubt that electric vehicles are on a steady incline when it comes to popularity and accessibility. As eco-friendly vehicles continue to become more affordable, more people will make the change to plug-in cars. The same Pew Research survey found that almost 40 percent of adults are considering an electric car for their next vehicle purchase. With this level of interest, the appeal of an EV charging station in your home can be a great long-term investment since more and more home buyers will be looking for eco-friendly home features.

The region your home is in

While localized housing markets that have a higher number of home EV chargers tend to have higher home values, the connection between the two factors doesn’t necessarily mean that EV chargers increased those values. It could simply mean that wealthier people tend to purchase higher-priced electric vehicles.

However, in certain states, like California, New York, Florida, and Texas, electric vehicles are more prevalent than in other states, so installing an EV charger in your home will certainly be appealing to more buyers in these regions.

electric vehicle connected to charger on brick wall
Image used with permission by copyright holder

Other energy-efficient solutions that add home value

With environmental awareness at an all-time high, your home’s value can only benefit from green solutions that will be attractive to earth-conscious buyers. Here are some additional ways you can make your home more eco-friendly and give your property value a boost.

Install smart thermostats

Your home’s heating and cooling system is not only its biggest energy cost, but it’s also where most of your home’s carbon footprint comes from. To reduce your energy consumption without breaking the bank, install smart thermostats. Ultimately, you’ll use less energy since these systems can limit their output when you’re away from home, sleeping, or even in the other room for long hours at a time.

Buy energy-efficient appliances

Your washing machine, dryer, dishwasher, and refrigerator use up a lot of gas and electricity. Switching to eco-friendly models for your appliances reduces the amount of energy used and also adds aesthetic appeal to your home, both of which will appeal to environmentally conscious buyers.

Invest in solar energy

While it’s a costly investment upfront, a solar energy solution in your home is a massively appealing feature that eco-conscious home buyers will love. After the initial purchase and installation, a solar system is incredibly economical since it costs very little to operate.

Consumers are becoming steadily more interested in environmentally friendly home solutions, so we’ll see green energy capabilities topping the “must-have” lists of prospective homeowners. Investing in green energy solutions won’t necessarily increase the value of every home immediately, but the ever-growing popularity of planet-conscious products will certainly make it an impressive selling point.

Editors' Recommendations

Veronica Sparks
Veronica Sparks is a writer from Milwaukee, Wisconsin who loves writing about gardening, home décor, and DIY life. She’s…
Home design: This is the best decorating tip to avoid unwanted clutter in your new home
Avoid clutter in your home design by trying this one trick when you begin decorating your new place
Woman hanging beach art

You’ve just moved into your new place and are looking at your moving boxes with flurries of excitement, imagining all the ways you can decorate your home and make it yours. But before you start unpacking, you may want to take a pause. It’s far too easy to get caught up in the moment, eager to decorate, only to rethink your interior design choices in a week or two.

One TikToker shares an amazing tip about functional home design that can change your unpacking process in your new space.

Read more
18 scents that can make you happier at home
Studies have proven that scents like these can lighten up a person's mood
incense sticks in jar on coffee table in living room

Smelling lilacs may instantly transport you to grandma’s bedroom window, where the breeze wafted in the fragrance of the lilac tree outside. Others may consider the whiff of baking apple pie such a warm and snug experience that they refrain from getting rid of cooking smells in their home.
Or perhaps the aroma of freshly cut grass on a Saturday morning refreshes and soothes their spirit. Whatever the scent, it may help bring more happiness into your home, according to science. Let's explore the eighteen common smells that are said to make you happier at home.

But why does this happen?
It turns out that neuroscience has discovered that scent has the strongest connection to memory and emotion than the rest of the senses. This is because, with scent, the sensory information collected goes straight to the brain’s olfactory bulb, which is directly linked to the regions responsible for memory and emotion.
Additionally, studies on fragrance conducted at the Mie University School of Medicine and the University of Vienna have shown that certain fragrances lessen the need for antidepressants in some patients, as well as decrease anxiety in a group of dental patients. This shows the likelihood that some scents have a “clinically quantifiable effect on mood,” as stated by Yale Scientific.
Based on this information, it seems ideal to have scents in our homes that bring up positive memories or get us into better moods. The good news is that many scents have long been linked to positive moods and health benefits, and we can try them out anytime we like!

Read more
What colors go with brown? How to make this seemingly drab hue look glam in your home
Brown doesn't have to be boring. Here's how it can jazz up your space
Brown living room walls with neutral color palette design

Brown tones have a reputation for being "boring." These earthy hues often have a tendency to feel dull and bleak for many people. However, this is largely due to poor design execution. If used well, brown shades can enhance a room’s design and bring a new sense of vitality to a space. Brown can be a wonderful hue to add to your home if you're looking to create a luxe and vibrant environment. These rustic shades can be natural, rich, and earthy when paired with complementary colors that let this hue shine.

Unfortunately, many homeowners struggle to find the best shades to pair with brown, which leads them to create spaces that feel drab, bland, or unfinished. Today, we’ll cover some of the best colors to pair with brown and how this stunning color can help revitalize your space.

Read more