Homeowners associations (HOAs) are often a selling point for buyers. Did you know that an HOA home value is 4% higher than homes without one? From what an HOA company does to the benefits of HOA, we've rounded up a few of the many ways an HOA can increase home value.
This round-up has everything you need to know about HOA services and the Lebanon real estate market. Let's jump in and see how an HOA will boost your property value.
Sought After Communities in Lebanon, Ohio
HOAs are popular because they offer many benefits to homeowners. For example, HOAs create a sense of community among residents. They maintain beautiful neighborhoods that buyers want to join.
In addition to these benefits, HOAs also offer a variety of services to residents such as lawn maintenance and snow removal. Some communities even have pools or gyms that residents can use without having to pay an additional fee. These are all perks that buyers will pay more for.
Offer Home Maintenance and Curb Appeal
The first thing to consider is the maintenance of the common areas. HOAs keep these spaces clean and beautiful. The association is also responsible for keeping up the exterior of homes and their landscaping. They are also in charge of maintaining any pools or tennis courts on-site.
This ensures that your home looks its best at all times, which will make it more attractive to potential buyers when you're ready to sell. In some HOAs, you'll also find curb appeal standards that everyone must follow. This means keeping up with landscaping, trash, home repairs, and more.
Keep Rules Enforced
Another perk to an HOA is that they keep order and rules intact. Things such as trash in the yard, noise late at night, and parking issues get handled by the homeowner's association. There is no need to try and enforce these rules yourself.
You can relax knowing you have peace of mind while the homeowner's association keeps everyone safe and in order. They will also enforce rules in community spaces such as parks, pools, and fitness centers.
Create Beautiful Neighborhoods
HOAs are also responsible for creating a sense of community in the neighborhood. They make sure that residents know each other and work together, which creates a strong sense of pride in their neighborhood. This helps keep up property values by making the area more desirable to live in.
Neighborhoods in homeowners associations are beautifully maintained. There is a great sense of community, nice-looking spaces, and well-maintained homes on every street. This creates a beautiful neighborhood that people will pay more for.
Boost Your HOA Home Value Today
HOAs are the best way to ensure your neighborhood is kept up, and they can increase the value of your home. We hope that this article has helped you understand how HOAs work, and how they can help improve your community. Raising your HOA home value starts here.
To learn more about starting an HOA or HOA management in Lebanon, Ohio, fill out the contact form here. We have HOA management professionals ready to help manage your community.