The Ohio housing market looks buoyant right now.
That's good news for homeowners looking to increase the value of their property. Nevertheless, it's not a time to be complacent. Boosting an HOA home value requires some effort and a bit of real estate know-how.
Read on to learn some of the best strategies for improving your property's value in Columbus, Ohio.
Try Home Staging
A professionally staged home will appeal to your target buyer and help increase the value. Staging is about creating a visually appealing home that helps highlight the property's best features.
It means having furniture that fits to ensure a room feels spacious and decor that makes it feel modern and sophisticated. Though it costs money to stage your home, minor expenses could significantly help its value.
Schedule Regular Maintenance
Regular maintenance on your home will improve the appearance and make it more appealing to buyers. It also means you won't accumulate more expensive repair jobs that could devalue the property.
Schedule regular checks on your HVAC system, gutters, and insulation. And spend time on minor updates to the property to keep it looking fresh, like a new coat of paint or professional floor cleaning.
You should also pay the same attention to shared spaces. Good upkeep across the community will positively impact everyone's property value in that HOA.
Boost Community Engagement
Buyers want to live in a place with a strong, harmonious community. The HOA community board of directors is responsible for the neighborhood's governance; to get that right, they must set priorities.
That means organizing events, communicating with residents via newsletters, and listening to feedback or concerns. A proactive HOA board that cares about community improvement will boost resident satisfaction.
Add Some Curb Appeal
First impressions count. The exterior of every HOA property needs as much attention as the interior. The best way to improve the value of an HOA home is to do some landscaping around the front of the property.
It sets the scene for the rest of the home.
Add trees, bushes, and clean pathways. Use plants local to Ohio, as they are more environmentally sustainable and likely to thrive in that environment.
Research Market Trends
Look at real estate trends for points. Examine the local market in Columbus for market insight.
You'll get information on demographic trends that could shape how you sell your property. For instance, if there is a high demand from retirees, that will help direct your attention to HOA features that matter most to that group.
The same applies to other demographics like single people or families with young children.
You may also find a growing demand from many buyers for eco-friendly initiatives. So, you can prioritize this with your community and home upgrades.
HOA Home Value: Strategies That Get Results
Don't assume a healthy market is all you need to increase your HOA home value. There is much you can do yourself, and the strategies in this guide are a helpful starting point.
Our association management services at PMI Scioto Metro could help you maximize the value of your HOA properties. Discover more here.