We are experiencing all-time highs for property equity at the moment. Today, the average mortgage holder possesses $185,000 in equity.
Homeowner's associations (HOAs) are responsible for improving property values for the entire neighborhood. Home value and an HOA go hand in hand, and there are some key factors that determine when home values increase.
Keep reading to learn how you can start improving HOA home value with some quality changes.
Beautifying the Neighborhood
A residential property management company understands the neighborhood improvements that can help you get the most from your HOA home value. First off, the neighborhood where the HOA community is located will directly affect property values.
Some great neighborhoods in Brainerd include Legionville, East Gulf Lake, Riverton, and City Center. Regardless of where you own property, make sure that you are enhancing your neighborhood with communal areas, amenities, decorations, and plant life.
Take excellent care of the grounds and start putting your HOA fees toward improvements that will make it an attractive place for people to live.
Improving Curb Appeal
Curb appeal directly affects your HOA appraisals and HOA evaluations. When you are trying to improve equity across the board, start with the exterior, landscaping, and other areas that will improve your curb appeal.
Hire professional landscapers to not only maintain the grass, but also regularly water, fertilize, and plant new grass seeds. Plant new flowers, gardens, and shrubs, and install decorative fixtures with hardscape and walk-ups.
Adding New Home Appliances and Fixtures
Each property should have high-tech, up-to-date fixtures. This should include energy-efficient appliances and lighting.
Make sure that your HOA owners have brand-new refrigerators and ovens, and find ways to improve your energy infrastructure. Look for things like solar panels, low-flow plumbing fixtures, and LED lights.
Give people plenty of comfort and decorative options. This includes things like hardwood floors, fresh carpets, and tile. Create kitchen islands and install bay windows, skylights, and other sources of natural lighting.
Look for some interior design help to keep your places modern and artful. These professionals understand the decorative improvements that will fetch the most value in return.
Upgrading the Exterior
Don't forget about the exterior when making improvements to your HOA property. This includes things like buying new siding, installing fresh w windows, and changing the roof.
Figure out which improvements will protect the property from rain and winter weather. Hire repair professionals to also handle maintenance regularly, and to make improvements that protect the structure.
HOA Home Value Growth Factors
This article explains HOA home value increases and why they come about. When you need to make some wholesale changes to your property, get the help of professionals that understand the market.
PMI Minnesota is a company that can assist you when you're in need of all sorts of HOA Management Services. We have lots of experience in real estate and can help you get the most from your investment.
Have a question? Take time out to contact us on our site or by calling us at 218.270.3900.
