Navigating HOA Resale Documents: What Buyers and Sellers Need To Know
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Elevating the allure of your homeowners' association (HOA) involves more than just basic conveniences; it's about offering appealing community amenities that attract residents and enhance the overall value of the properties. By incorporating trendy and competitive HOA amenities, you show appreciation to current residents and draw in potential homeowners. Consider including the top five HOA amenities in your neighborhood to set a higher standard. Read on to learn more.
Typically, homeowners shoulder the expense of HOA amenities through their HOA fees. These fees, paid monthly, quarterly, or annually, are allocated to upkeep landscaping, shared amenities, and communal areas. The frequency and amounts vary by association.
In some cases, the HOA fees may also contribute to ongoing maintenance, repairs, and improvements, ensuring the longevity and quality of the amenities. Additionally, HOAs may explore cost-sharing models or special assessments for major projects, allowing the community to collectively invest in upgrades that boost property values and resident satisfaction.
These amenities are surging in demand and popularity. Consider adding these HOA amenities today:
Creating a space where residents can cultivate their fruits and vegetables is an excellent strategy for adding value and fostering a sense of community. A shared community garden is ideal for homeowners who prioritize nutrition or enjoy engaging in outdoor activities. Here are some tips to get started:
Whether it’s for exercise or unwinding, many people find solace in outdoor activities. HOAs can enhance this experience by creating open spaces dedicated to promoting healthy and active lifestyles. Popular outdoor recreation amenities include:
Many people seek HOAs with pet-friendly spaces. Given that 66% of U.S. households have pets, the demand for pet-friendly amenities isn’t a surprise.
Consider making a dog park within your HOA to provide residents with a safe area for their pets to run and exercise. Ensure that the location is spacious and appropriately distanced from residential areas.
Additionally, explore pet-friendly features like hiking trails and strategically placed pet waste stations, and services such as a veterinary clinic, doggy daycare, or grooming salon. As always, check your HOA community guidelines before installing a pet-friendly amenity.
When your community needs a little TLC, here are some HOA projects you should prioritize.
With the increasing prevalence of remote work, incorporating a workspace into any HOA can be valuable. This space serves as a place for residents to work, collaborate, and network. Consider the following factors when adding a business center to your HOA:
Whether integrated into the clubhouse or a separate facility, residents will appreciate the tech center as a great place to work from home, away from home.
Setting up free library nooks and similar community-sharing initiatives in your HOA can promote unity and connectivity among residents. Encourage the exchange of books and resources, knowledge sharing, literacy education, and neighborly interactions with these small, accessible libraries.
Here’s how to set up a little free library:
As you strengthen your community with resident amenities, consider simplifying operations with a practical app like TownSq. TownSq is an app designed for managed communities and management companies to streamline daily operations, like dues collections, architectural requests, and more. Also, this convenient tool ensures seamless management of amenity reservations, availability, maintenance schedules, and more. Take advantage of our 30-day trial now for free!