Lush landscaping, clean streets, and well-maintained homes can increase the property value of homes in your community. However, it takes ongoing focus to help a community thrive. Establishing an HOA can help!
In fact, the value of homes in community associations has reached nearly $11 trillion.
What is the connection between HOA and home value, and how can you increase the property value of your neighborhood? Read on to find out!
Generate Desire
Improving the appearance of your neighborhood can make other locals in South Jordan jealous. They'll want to be a part of the exclusivity created by your HOA.
Once you establish an HOA, every member of the community will chip in to better the neighborhood. You can start enjoying amenities like a pool or tennis court. These special features can make your neighborhood more attractive.
Generating interest and desire can increase home values for the entire community.
Maintain the Neighborhood
The HOA is responsible for maintaining shared spaces and amenities within your community. Your HOA fees will cover:
- Trash removal
- Gate security guards
- Pest control for common areas
- Snow removal
- Grounds maintenance and landscaping
- Pool maintenance
- Electricity/utilities for common areas
- Fire alarm systems
Proper maintenance will increase the property value of every home in the neighborhood.
If you need help maintaining the neighborhood, consider requesting property management services. An experienced property manager can find the best contractors in South Jordan. They can handle maintenance requests quickly.
They'll even help negotiate bids, allowing you to save money.
Maintaining the neighborhood will make it a more desirable place to live.
Beautify Within
When community members no longer have to spend time and money on outdoor maintenance, they can invest those resources into their own homes. Homeowners can increase the property value of their individual units. Making upgrades will further increase home values.
Enforce Rules
Your HOA will create rules and regulations to help the community maintain order. These rules can ensure the community maintains its aesthetic appeal.
For example, you can specify where vehicles can park.
The HOA is responsible for enforcing these rules. You can hire an HOA management company to enforce the rules and regulations instead. They'll ensure that every community member is on the same page.
Maintaining the community's aesthetic by enforcing these rules will boost the neighborhood's property value.
Limit Damages
The HOA can offer emergency services. If there's a fire or flood, they can provide homeowners with resources and contractors.
These services can limit additional damages and ensure immediate repairs.
Boost Your HOA Home Value
An effective, efficient HOA can boost property values for the entire community. Use these tips to leverage the connection between an HOA and home value. Applying these tips can help you better serve your community.
Working with a property management company can simplify increasing your community's property value. PMI Salt Lake has over 20 years of experience raising standards in the property management industry. We can help your community thrive with the latest technology and quality services.
Contact us today to discover how we can increase the home value for your community!
