For any Homeowners Association, retaining and increasing property value is always going to be high on the agenda. Not only does this ensure that investments are always well reflected in returns, but also that residents will continue to be satisfied and delighted in the years to yet come.
Revealing recent insights from Consumer Reports highlighted how powerful landscape design and maintenance is in the pursuit of thriving property values. When we consider that HOA homes already enjoy values that sit roughly 5-6% higher than their non-HOA counterparts, it's worthwhile to recognize that landscaping improvements can push this advantage even further when the right approach is taken. With that in mind, let's dive into the whys and how's of landscape strategy for HOA properties.
There is no question that outstanding curb appeal and visually enticing properties draw attention in all the right ways. While landscape maintenance should always be within the budget of an HOA, landscape design should also be kept within the sights of savvy property owners. For example, Realtor Magazine pin-points sophistication of design and the diversity and size of plants used as particularly powerful resources to harness.
Stylish and contemporary landscape design can not only raise market value but also reduce gaps in occupancy as demand is increased. Meanwhile, well planned landscaping that offers improved water management and harnesses natural resources effectively – through smart irrigation and water-wise planting – can reduce maintenance costs, facilitating a doubly rewarding return on investment.
A skilled HOA landscape company will not only be able to deliver fantastic design and implementation, but they will also be able to advise and assist in the long-term oversight of your property maintenance strategy. An important element of this for HOA properties in particular is the foresight to invest wisely when occupancy is high.
Securing a market advantage in the form of elegant and appealing outdoor spaces can offer added value ahead of future potential economic downturns. With low maintenance and aesthetic landscaping already in place, lower occupancy during a recession can not only be weathered, but perhaps also negated.
Under the broad umbrella of potential value additions to HOA landscape properties, there are many facets to explore. Here are some of the impactive enhancements that an HOA landscape company should be able to assist with:
The Bay area is increasingly renowned for extreme drought conditions. Addressing recent impacts, Drought Monitor shared, “California continued to see the impacts of drought increase, and there was expansion of extreme and exceptional drought in the northern and central areas as well as along the coast of central California.”
In the face of this reality, it's crucial to realize that without proper adjustment, HOAs will more frequently feel the brunt of water shortages within the realm of their landscape maintenance. However, with intelligent water system design, water retention strategy implementation, and knowledgeable planting – to name but a few approaches – water costs can be cut dramatically and droughts withstood effectively.
In terms of HOA investments, diligent landscaping is unique in its capacity to offer both direct and long-term ROI. Casting a light on landscaping as a valuable area for property improvements can enhance the esteem of your HOA property in the eyes of prospective residents both locally and further afield. As memberships increase, so will budget – allowing further investments and property upgrades in a continuing positive cycle. Well planned landscapes will also stand up to the test of time, becoming a greater asset as they grow.
Framed by that idea, we can be certain that selecting the right HOA landscape company is a key step in utilizing landscaping to enhance property value. By choosing to hire a landscaping company with a proven track record, you can effectively ensure that every aspect of the landscaping equation is not only in balance, but optimized.
At FloraTerra Landscape Management, we understand landscaping. We work closely with HOA management companies and boards to help them ensure that their properties exteriors give the perfect impression – tailoring a strategic approach that brings aesthetic, functionality and cost efficiency together beautifully. Our team of landscaping experts not only deliver quality and precision in landscape maintenance, but they also strive to proactively support clients in achieving long-term prosperity and success. If you'd like to learn more about how we can serve your one-of-a-kind HOA, contact our team today.
Give FloraTerra Landscape a call at 408-275.1200 or use our contact form to schedule a free no obligation assessment of your landscaping.