Thursday, March 9, 2017

How Associations On A Budget Improve Curb Appeal

Just as it is important for a single-family home to have good curb appeal, a condominium community’s outward appearance can be an excellent asset. When owners are trying to sell their units, good curb appeal will help to attract potential buyers. An attractive community may also enjoy better appraised values and a higher quality of residents. If your community’s curb appeal is lacking, you can always improve it, even if you are working with a tight budget, such as leveraging the help of a property management Boston company, Below are some tips to help you spruce things up without spending too much of the association’s money.
Maintain the Landscape 

It is much easier to maintain your community’s landscaping than it is to completely replace it, so don’t let it get out of control. Groom your trees and bushes regularly, and make sure that grassy areas remain green and lush through the use of sprinklers and/or weed removal. Most associations include the cost of landscaping in HOA fees. However, if you need more money for landscaping, you can perform a special assessment or raise HOA fees over time.
Choose Focal Points
If your association is on a restrictive budget, don’t sacrifice curb appeal. Instead, choose some of the most important areas of the community to maintain, such as the front entrance. As you accumulate more funds, you can expand your focus to other areas. However, be sure to let community members in on your plan. Otherwise, they may be angry when they notice that some areas of the community are receiving more attention than others.
Keep it Clean
One of the easiest and least expensive ways to improve your community’s curb appeal is to regularly clean the grounds, lobbies and other common areas. Potential community members won’t even consider purchasing a condo if the lobby is full of dust and the lawn is littered with trash. In addition, you should also make sure that you keep up with small maintenance issues, such as blown light bulbs.
Start Slowly
If you are just beginning to build your curb appeal, start slowly. Begin with a few solid trees and bushes and be sure to maintain them well. As time goes on, you can add more landscaping. However, you should always make sure that the cost of installing and maintaining the landscaping will be easily managed under your current budget.
Though it may be tempting to skimp on landscaping or other management tasks in favor of special projects, curb appeal is extremely important for any association. Appraisers, investors and potential community members will form their initial opinion of your community based on the first impression it makes, so you should do everything you can to make this impression as powerful as possible.
The post How Associations On A Budget Improve Curb Appeal appeared first on Mediate Management Company.

No comments:

Post a Comment