PROPERTY owners can boost the value of their homes by a staggering £5,000 if they install an electric car charging point. It comes after Boris Johnson announced that all new homes need to include an electric car charging point in the future.
A leading property buyers’ group has said there’s evidence that installing an electric car charging point could boost your home’s value. A property expert from the National Association of Property Buyers (NAPB) said they estimate an electric car charging point could add between £3,000 to £5,000 to the value of your home. Jonathan Rolande, from the NAPB said: “The average charge point costs around £800 and we are already recording cases where homeowners are seeing a quick return on their investment.
“The convenience of a ready-made charging point is proving popular with buyers who own an EV or intend to buy one in the near future.
“Currently we estimate it could add at least £3000 to £5000 to the value of a property and this trend will carry on.”
The property expert also said the number of homes being listed for sale already with electric car charging points is five times higher compared to a year ago.