How to Increase the Property Value of Your Community Association

No matter the size or scope of your community association, there are always measures you can take to increase the property value.  

For some communities, this means adding new attractions and initiatives, and for others, this means improving upon the assets that already exist.  

Making the best use of your space and resources is essential for any homeowner's association. Additionally, drumming up support from homeowners and residents will make your efforts go further. Remind residents that when the overall value of the community association increases, so does the selling price of their homes.  

Encouraging organic action is one of the best ways to encourage sustainable growth in your community. This is true no matter what initiative you take.  

In this post, we will explore how you can increase property value in your community association using tactics that spur long-term success.  

What Are Some Ways to Boost the Value of My Community Association? 

Adding value to your HOA or condo association can be achieved with consistent efforts and progressive goals.  

Let’s look at five ways you can increase property value in your community.  

Implement New Activities and Events 

Community-wide activities and events are more than just cookouts or bake sales on Saturday afternoons, they are a chance to create cherished traditions that residents look forward to all year long.  

Don’t feel as if you must throw some extravagant party or schedule mind-blowing entertainment. The best community activities are often those that come from the passions and interests of the members.  

When you organize a new event, it should be something that comes from the suggestions of community members and is affordable year after year.  

Some of the most popular examples of community events include: 

• Plan a yearly potluck. Neighborhood members bring dishes, desserts, drinks, and more. Everyone gets to try one another’s food and it provides community members a chance to bond and form friendships that can last a lifetime.
    
• Organize a food drive. Food drives help bring together for a greater good. There is nothing better for encouraging the passions and goodwill of your residents than by giving them a chance to help others side-by-side with their neighbors.  
  
  
• Host an educational event. If you want a large turnout and an event that residents will look forward to then hosting an educational event is a terrific option. Financial seminars, talks from experts on topics concerning homeownership, and more can all pique the interest of your community members and make residents feel as though they are getting something back. 

Check out the full guide on increasing property value with activities and events! 

 Improve Building Exteriors 

One of the best ways to make your community more attractive to prospective homebuyers (and thus increase property values) is by renovating and maintaining the exteriors of your buildings.  

Your buildings' exteriors speak to your level of care and attention. Chipped paint, loose shingles, and cracked siding all send a clear message to potential homebuyers that your association does not invest in the community. 

Because of this, keeping building exteriors healthy is one of the most important things you can do to boost your HOA’s property value.  

For better building exteriors, do the following: 

• Start with a complete inspection. 
  
  
• Make the necessary repairs first. 
  
  
• Look for ways to boost curb appeal. 
  
  
• Upgrade common areas.  
  
  
• Prioritize energy-efficient upgrades. 

When you start with building upgrades that are necessary and work your way up to more atheistic upgrades you will build up a sustainable system that will ensure your community is well-maintained and attractive to new buyers for years to come.  

Check out the full guide for increasing property value with building exteriors! 

Install Better Lighting 

Lights are a highly effective tool for making the most of your space and boosting community safety. Lights illuminate shadowy corners during the day and make pathways safer to walk on at night.  

Upgrading your lighting layout is a simple and low-cost upgrade that helps show off the assets you are working with and dramatically boosts the appeal of your community. 

How do you get started with a community lighting upgrade? Follow these tips.  

• Light up your best features first.  
  
  
• Invest in accent lighting 
  
  
• Illuminate pathways and streets 
  
  
• Use lights to create pathways 

Lights can be highly effective when it comes to making the best use of your space. They are also relatively inexpensive and there are many energy-efficient upgrade options.  

Check out the full guide on increasing property value with better lighting! 

Offer Amenity Options 

Amenities add extra value to your residents’ homeowning experience. They demonstrate where HOA dues are going and how the association benefits the individual homeowner.  

Because of this, adding amenities, or improving existing ones, is one of the best ways to improve property values in your HOA.  

Here are a few amenity improvements you can make to add value to your community association. 

• Install a fitness center. All you need is a dedicated space, some weights, cardio machines, and other miscellaneous gear. You don’t have to start huge. Lay the groundwork and use your HOA management to build over time. 
   
• Outdoor recreation areas are another option for quality amenities. This can include installing a hiking trail, a small park, a basketball or tennis court, or anything else residents will enjoy.  
  
  
• Pet or child-friendly amenities are great for communities looking to attract younger parents or pet owners. People want what is best for their children and pets and a dedicated amenity like a playground or a dog park will show residents that you want to add value to their experience. 
  
  
• A village center is another great way to invest in your community. These spaces are great for small shops or vendors and give residents a place to bond and enjoy their surroundings.  

Check out the full guide on increasing property value with amenity options! 

Landscaping adds Extra Appeal 

If you want to stand out to residents and prospective buyers, then investing in landscaping is one of the best ways to improve community-wide property value.  

Simple landscaping practices will boost curb appeal and add a splash of color to warm summers. Trees, grass, shrubs, and flowers, all are key stables to your community’s scenery.  

Here are several landscaping renovations your HOA management team can make.  

• Be intentional about your flower selection and maintenance. Flowers breathe color into your neighborhood and colors inform emotion. Make sure your flowers work together to make a strong impression. 
   
• Take care of your trees and prune them regularly. Your trees are often the oldest residents of your community, and how you take care of them subconsciously informs residents and visitors about how you care for the community at large.  
  
  
• Never neglect your grass. Hire a team of professionals to cut and edge your grass regularly. Remove crabgrass, weeds, and other unsightly invaders. Use green pesticides and water efficiently for eco-friendly bragging rights.  
  
  
• Conserve water as best as you can. Invest in efficient or smart water systems that make optimal use of water. Green lawns are pretty, but wasting water will turn away many prospective home buyers.  
  
  

Check out the full guide for increasing property value with landscaping services!  

Increase Your HOA Property Values with Management Plus 

There are many options out there when it comes to boosting property value in your HOA or condo association.  

However, if you find that your HOA management is shorthanded, making profound changes will be that much harder.  

You need an association management company that works with you to accomplish your goals. You need Management Plus.  

At Management Plus, we have helped many community associations lay the groundwork and execute plans of success for their communities. We are a team of passionate and creative community managers who will work hard to ensure that your community is all it can be.  

Based in Cincinnati, Ohio, we have helped communities throughout Ohio, Indiana, and Kentucky with the resources to get the job done. Reach out to Management Plus today! 

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