Issue link: https://www.cominghomemag.com/i/1546275
Living in a professionally managed community can be an amazing experience. In fact, studies show that homeowners' or condo associations can increase property values by as much as 17%. Don't believe us? Here are five ways community association living positively impacts pricing for residents. 1. Top-Tier Maintenance & Landscaping Well-kept, aesthetically pleasing neighborhoods can bring in big bucks. Many managed communities require residents to stay on top of home maintenance. Plus, members pay dues to keep shared spaces in optimal shape. 2. Architectural Standards Most associations have architectural standards that dictate what residents can and cannot do to their home's exterior—paint colors, fence types, landscaping materials, and more. Created to preserve consistency and uniformity, these purposeful policies establish visual harmony and cohesion that buyers appreciate. 3. Protective Rules & Regulations Associations also have general policies that protect safety, community standards, and overall appearance. While sometimes seen as restrictive, these guidelines help foster a highly-sought-after, stable, and peaceful environment. 4. Exclusive Amenities & Services Some community associations may include amenities like swimming pools, fitness centers, dog parks, playgrounds, and picnic areas. These common spaces are regularly cared for, private to members, and enhance your property's appeal, and ultimately your selling power! 5. Strong Camaraderie Living in a community association comes with an inherent sense of belonging. Residents typically have similar routines and know one another. A major draw for potential homebuyers, this has a favorable influence on property values. Five ways community associations maintain property values. PROTECTING YOUR PROPERTY COMING HOME MAGAZINE 31