1. Budget 101 for HOA and Condominium Landscaping
The budgeting process for hoa and condominium landscaping takes time, whether its during the initial development phase or for on-going operations, one should start early enough to collect all of the necessary data.
Preparation of your initial landscape operating budget should be done carefully, as should preparation of all annual budgets. Realistic income and expense expectations should be used to prepare the operating budget.
2. The annual budgeting process includes a historical review:
When interviewing vendors/contractors for your hoa and apartment landscaping, one should obtain input and review of the past 24 months of landscape expenses.Essentuals duties should include verification of landscape contract amount, future price increases, get verification of equipment lifespan and review required hours compared to current staffing. Finally, drafting the final budget.
3. Operating expenses should analyze the following areas:
Annual water costs; Irrigation maintenance, sprinkler repairs and upgrade inefficient equipment landscape procurement controls; cost efficiency of contracted services, Landscape improvements. The review process should take into account anticipated renovation expenses, including plant replacement and upgrades, tree pruning-removal, refreshing mulch, lawn renovation and seasonal flower rotations.
Developing a comprehensive landscape budget for HOA and Apartment Landscaping covers many aspects of a community. The evaluation of your landscaping budget can help ensure that no major expenses are being missed, and helps to avoid costly surprises down the road.
As part of the budgeting process, FloraTerra takes a complete snapshot of your entire property developing a well thought out plan that can be phased in stages or consolidated into one whole project capitalizing on economies of scale. We focus our efforts on high visibility areas that bring about the most value to your property, while improving aesthetics and reducing maintenance costs.
Get a jump start on your HOA and Condominium Landscaping; our budget planning will help "take the word guess” out of the equation.
