How An HOA Can Help Increase Property Value

HOAs often have guidelines that maintain a certain aesthetic for the neighborhood. This can translate to a well-maintained community that attracts buyers, potentially boosting your home's value down the line.

Here are a few ways an HOA management company can help increase property values in a neighborhood.

1. An HOA management company keeps the entrance and common areas of a community well-manicured and maintained with attractive landscaping. Curb appeal is very important. HOAs maintain a consistent look throughout the neighborhood, ensuring everyone's property stays attractive. An HOA management company will hire a company to take care of landscaping. The landscaper will take care of routine mowing, weeding, and mulching. Community or entrance flower beds will have fresh flowers or foliage depending on the season. The community will always have an attractive appearance for visitors and home shoppers. This creates a desirable aesthetic that appeals to potential buyers.

2. An HOA management company is responsible for well-maintained common buildings, lighting, and equipment. The HOA should ensure the common building is clean, functional, and presentable. This might involve management of services like trash removal, pest control, electrical, hardware, plumbing, and general maintenance.. Whether a community has a clubhouse or other common buildings, the buildings should be maintained for safety and use by the residents.

3. Amenities Management. An HOA management company will be responsible for maintaining all amenities within the community. This involves ensuring the cleanliness, safety, and functionality of common areas like pools, gyms, playgrounds, and clubhouses, hot tubs, basketball courts, tennis courts, and pickleball courts, and common picnic areas. Residents enjoy well-maintained leisure spaces. Residents pay their HOA fees for enjoyment of amenities, and they expect fees to see their money working in the community. The board determines how much to allocate towards amenity maintenance, repairs, and potential upgrades based on the budget.

4. Community Standards. The HOA management is responsible for enforcing community guidelines according to the governing documents of the community, such as the Covenants, Conditions, and Restrictions (CC&Rs). Each homeowner is responsible to read the community guidelines and abide by the standards and keep members in compliance.

All these responsibilities of the HOA manager will keep the community safe and beautiful for the enjoyment of the people who live there. Proper management keeps the community desirable and property values stable.