Increasing Property Value of Your Association: Usability of Outdoor Spaces
Increasing Property Value of Your Association: Usability of Outdoor Spaces
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As a community manager or HOA board member, you are always on the lookout for ways to improve the property value of your association. One of the most cost-effective ways to make your community association a more attractive option for potential homebuyers is to increase the usability of outdoor spaces in your HOA.
This series is designed to help property managers and HOA board members boost the property value of their associations. Check out the rest of our series below:
• Increase the Property Value of Your Community Association with Better Lighting
• Increase the Property Value of Your Association with Activities and Events for Residents
• Increase the Property Value of Your Association with Landscaping
• How to Increase the Property Value of Your Community Association
This post will go over a few ways you can increase the property value of your association by upping the usability of your outdoor spaces.
Upgrade These Amenities for More Comfortable Outdoor Spaces
If you already have outdoor amenities supporting the value of your HOA, then boosting the usability of outdoor spaces is their key to continued success. One of the best ways to do this is by adding shade structures, greenery, outdoor furniture, and better lighting can all make a significant difference in your association's property value.
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Add Shade Structures to Increase the Usability of Outdoor Spaces in Your Community Association
Let's first quickly look at some of the most popular areas where you can add shade structures (for example, pergolas, gazebos, awnings, and umbrellas) to boost residents' comfort.
Increase the property value of your HOA or condo association by adding shade structures to the following amenities.
• Community pools
• Walkways
• Parking areas
• Tennis courts
• Shuffleboard courts
• Playgrounds
• Courtyards
• Outdoor lounge areas
Shade structures in these areas can drastically increase residents’ comfort and enjoyment. Picture yourself on a blazing summer day. You’ve been running around on your neighborhood tennis courts for the last hour, and the sun’s heat is starting to take its toll. What better place to relax with a cold glass of water than under an umbrella or beneath a gazebo.
This applies to any recreational area in your community. Your residents will not want to hang around in the sun or rain forever. A well-planned shade structure will do wonders to increase the enjoyment of usability of the outdoor spaces and recreation areas your community already has in place.
However, the most important thing to keep in mind is effective use of budget and space. For example, if your community features a small park, then a gazebo or pergola will be perfect for increasing community comfort. Likewise, if you have a large park or pool, then it may be more cost-effective to invest in umbrellas or awnings.
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Plants and Greenery for More Comfortable Outdoor Spaces
In addition to adding shade structures, implementing plants and greenery will make residents feel more comfortable in your community spaces.
Planting trees in your community parks, adding plants to clubhouses, and creating a community garden will infuse the natural beauty and serenity of nature into your growing community.
Not only that, but many of your residents will want to get involved in the growing process. This will give them an improved sense of ownership over their community, in turn making their home more valuable.
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Install Outdoor Furniture to Improve Your HOA’s Outdoor Spaces
Another way to improve outdoor spaces in your HOA, adding outdoor furniture will provide a big boost in terms of comfort and usability.
If your community has a park or playground, then adding benches or picnic tables will give people a place to rest and relax. For communities with pools, adding lounge chairs gives them another way to enjoy their pool space without having to get wet.
Look for opportunities to add seating or outdoor furniture to your community amenities and your residents will be more likely to want to use them. As a result, property value will increase across the community.
Increase Property Value with Community Management from Management Plus
Increasing the property value of your HOA is possible with a few simple steps. It all comes down to evaluating the resources you have and determining your residents’ needs.
If you are struggling to make the necessary upgrades or your community leadership is spread too thin, then you need to reach out to Management Plus!
Management Plus has helped condo associations and HOAs all over Ohio, Kentucky, and Indiana find sustainable success with our proven property management strategies.
Located in Cincinnati, Ohio Management Plus is here to help your community thrive. Reach out to Management Plus for help with community management!
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