{"id":5186,"date":"2024-04-13T04:42:59","date_gmt":"2024-04-13T04:42:59","guid":{"rendered":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2024\/04\/13\/do-electric-vehicles-need-a-garage-a-reality-check-for-eco-minded-homebuyers\/"},"modified":"2024-04-13T04:42:59","modified_gmt":"2024-04-13T04:42:59","slug":"do-electric-vehicles-need-a-garage-a-reality-check-for-eco-minded-homebuyers","status":"publish","type":"post","link":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2024\/04\/13\/do-electric-vehicles-need-a-garage-a-reality-check-for-eco-minded-homebuyers\/","title":{"rendered":"Do Electric Vehicles Need a Garage? A Reality Check for Eco-Minded Homebuyers"},"content":{"rendered":"

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Getty Images<\/p>\n

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While many might assume that an electrical vehicle should be stored and charged in a garage, a new study suggests that EV owners might not need to keep a garage on their home-shopping must-have list.<\/p>\n

According to an analysis<\/a> from Realtor.com\u00ae and Cox Automotive, while garages are not uncommon for listings that are EV-friendly, a home without a dedicated space for a vehicle doesn\u2019t mean a homeowner can\u2019t charge their car.<\/p>\n

Realtor.com analyzed the 100 metropolitan areas with the greatest percentage of EV-friendly listings on Realtor.com in 2023. The study was conducted in collaboration with Cox Automotive, which assessed the availability of public charging ports in these areas.<\/p>\n

Indeed, out of the 0.9% of homes listed on Realtor.com rated as being EV-friendly, 29.6% of those listings don\u2019t have a garage.<\/p>\n

In a nutshell, this means that while a garage is a highly desirable amenity, the lack of one shouldn\u2019t necessarily make or break the deal for would-be homebuyers with electric vehicles.<\/p>\n

\u201cAccording to our research, while garages are common among EV-friendly homes, it is not a must,\u201d says Realtor.com economist Jiayi Xu<\/strong>. \u201cIn fact, one-third of EV-friendly homes listed on Realtor.com in 2023 did not include a garage. Recognizing this fact can broaden the search criteria for homebuyers who own or intend to own an EV, allowing them to consider a wider range of properties.\u201d<\/p>\n

The garage factor<\/h2>\n

According to Cox Automotive, about 1.2 million new EVs were registered last year. The importance of a garage for those new\u2014or older\u2014EVs might depend on the climate.<\/p>\n

Having a dedicated space to not only park and charge your car but also to protect it from the elements shows up in listing descriptions. Approximately 70.4% of homes deemed EV-friendly on Realtor.com in 2023 featured \u201cgarage\u201d in their listing descriptions.<\/p>\n

\u201cNotably, the significance of having a garage is more pronounced in EV-friendly homes located in markets with colder climates, such as Colorado Springs, CO;<\/a>\u00a0Chicago, IL;<\/a>\u00a0and Denver, CO<\/a>, where over 90% of the listed EV-friendly properties include garages,\u201d explains Xu.<\/p>\n

Meanwhile, metros that sometimes see scorching temperatures, such as Cape Coral, FL;<\/a> Oxnard, CA;<\/a>\u00a0Phoenix;<\/a>\u00a0and Riverside, CA<\/a>, also see around 80% of EV-friendly listings that come with garages.<\/p>\n

How to make a garage-less home EV-friendly<\/h2>\n

The good news is that even if a listing doesn\u2019t mention an EV charging station, a homebuyer can install one themselves.<\/p>\n

Setting up an EV charger in a driveway<\/a> is straightforward and relatively easy. The first step is to assess the home\u2019s parking situation, whether it\u2019s a driveway or curbside, and ensure there\u2019s easy access to a charger.<\/p>\n

Next is installing one of two types of chargers: Level 1 chargers are basic, providing 3 to 6 miles of range per hour, and simply plug into a standard outlet. Level 2 chargers offer faster charging, ranging from 2 to 8 hours for a full charge. These require a licensed electrician to either hardwire it directly to the electrical panel for consistent charging or install a plug-in setup for portability.<\/p>\n

The average installation cost<\/a> for the dedicated 240-volt outlet required for a Level 2 charger ranges from $600 to $800, depending on distance and panel type, permits, and wiring.<\/p>\n

\u201cFor sellers and agents, highlighting and marketing EV-friendly attributes in homes without garages can facilitate connections with a broader audience of potential buyers,\u201d adds Xu.<\/p>\n

For those EV drivers who want to skip the hassle of installing a charger and move into an EV-ready home, these are the top markets where EV-friendly listings often come without a garage.<\/p>\n

1. Urban Honolulu, HI\u00a0<\/a><\/h2>\n

Median home list price: $750,000<\/strong>
\nEV-friendly listings without garages: 57.5%\u00a0<\/strong>
\n91-701A Oneula Pl<\/a> for sale for $1,375,000<\/strong><\/p>\n

<\/a>Who needs a garage when you have access to a beach?<\/p>\n

Realtor.com<\/p>\n

2. Miami, FL<\/a><\/h2>\n

Median home list price: $549,000<\/strong>
\nEV-friendly listings without garages: 52.5%
\n<\/strong>70 NW 47th Terrace<\/a> for sale for $825,000<\/strong><\/p>\n

<\/a>This home comes with its own Tesla charger.<\/p>\n

Realtor.com<\/p>\n

3. Seattle, WA<\/a><\/h2>\n

Median home list price: $768,000<\/strong>
\nEV-friendly listings without garages: 46.4%<\/strong>
\n552 NE 60th St<\/a> for sale for $899,000<\/strong><\/p>\n

<\/a>A vintage home with up-to-date amenities like an EV charger<\/p>\n

Realtor.com<\/p>\n

4. San Antonio, TX<\/a><\/h2>\n

Median home list price: $340,000<\/strong>
\nEV-friendly listings without garages: 45.7%<\/strong><\/p>\n

5. New York, NY<\/a><\/h2>\n

Median home list price: $760,000<\/strong>
\nEV-friendly listings without garages: 41.9%
\n<\/strong>22-25 27th St<\/a> for sale for $1,499,000<\/strong><\/p>\n

<\/a>This home has mature plantings and an EV charging station in the rear of the home.<\/p>\n

Realtor.com<\/p>\n

6. Boston, MA<\/a><\/h2>\n

Median home list price: $880,000<\/strong>
\nEV-friendly listings without garages: 41.5%
\n<\/strong>165 W Brookline St<\/a> for sale for $6,500,000<\/strong><\/p>\n

<\/a>A four-bedroom home with great storage, EV charging, and more<\/p>\n

Realtor.com<\/p>\n

7. Santa Rosa, CA<\/a><\/h2>\n

Median home list price: $850,000<\/strong>
\nEV-friendly listings without garages: 39.7%<\/strong>
\n1350 Yulupa Ave Apt K<\/a> for sale for $495,000
\n<\/strong><\/p>\n

<\/a>This condo comes with an EV charging station.<\/p>\n

Realtor.com<\/p>\n

8. Tampa, FL<\/a><\/h2>\n

Median home list price: $419,000<\/strong>
\nEV-friendly listings without garages: 38.0%<\/strong>
\n4043 Gauge Line Loop<\/a> for sale for $572,500
\n<\/strong><\/p>\n

<\/a>A loft with two covered parking spots and one EV charger.<\/p>\n

Realtor.com<\/p>\n

9. San Deigo, CA<\/a><\/h2>\n

Median home list price: $998,000<\/strong>
\nEV-friendly listings without garages: 36.5%
\n<\/strong><\/p>\n

10. San Francisco, CA<\/a><\/h2>\n

Median home list price: $999,000<\/strong>
\nEV-friendly listings without garages: 36.5%<\/strong><\/p>\n

The post Do Electric Vehicles Need a Garage? A Reality Check for Eco-Minded Homebuyers<\/a> appeared first on Real Estate News & Insights | realtor.com\u00ae<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Getty Images While many might assume that an electrical vehicle should be stored and charged in a garage, a new study suggests that EV owners might not need to keep a garage on their home-shopping must-have list. According to an analysis from Realtor.com\u00ae and Cox Automotive, while garages are not uncommon for listings that are…Read More→<\/a><\/p>\n","protected":false},"author":0,"featured_media":5187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/5186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/comments?post=5186"}],"version-history":[{"count":0,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/5186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media\/5187"}],"wp:attachment":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media?parent=5186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/categories?post=5186"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/tags?post=5186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}