Apart from maintaining
the look and feel of a community, property managers are also expected to take
the necessary steps needed to ensure that the fees are being utilized
efficiently. Using the HOA fees, making key property repairs, and implementing
other face lifting measures that will enhance the value of the property owners
should be considered another key responsibility for property managers.
At every step, they
should be prioritizing and undertaking measures that will eventually lead to a
return on investment.
Here are 5 ways in
which property managers can boost the value of your property:
1. Improve the Entry
The first thing anyone
notices is the front of your house. The whole combination of the garage and
landscaping makes huge impact when it comes to property appraisal. So be sure
to make a great first impression and improve the landscaping and maybe even the
garage door if your budget permits.
2. Change the Front
Door
The door is very
impactful. If you have a door with some wear and tear, maybe it is time you dress
it up a little better. Managers do not need to replace the whole door unless
necessary. Getting it polished with some new fixtures would do the trick. This
is a simple and cost effective way to improve the first impression of your
property.
3. Paint Job
If the property hasn’t
received a fresh coat of paint in years, then it’s time for a fresh paint job
for the house. This is another quick fix and can greatly affect the appearance
of the house. New paint can make your property stand out and breathes new life
into the personality of the structure. Property managers should use their
discretion on a case-by-case basis figuring out which properties need a paint
job and which ones can be held back on it.
4. Improved Lighting
Light fixtures add a
great deal of ambiance and drama to the overall aesthetical appeal of the
property. Though this may not be necessary for all houses, improved lighting
can help the house feel more welcoming during nighttime – something that
interested parties will notice.
5. Dual Paned Windows
If your property is
fitted with single-pane windows, a great home improvement project regardless of
whether or not you seek a bump in the value of the property, should be the
installation of dual-paned windows. Dual-Paned windows greatly influence your
utilities. They reduce the cooling costs considerably, and stand the test of
time, not to mention, they look great too.
If your property
manager is not suggesting you changes like the ones mentioned above, he or she
is not fulfilling her duty to the maximum. Property managers are there to help
you draw more utility out of your property. They must have the owners’ best
interest in mind, and should help improve your living conditions, community
involvement, and lifestyle while simultaneously increasing return on investment
through careful budgeting for appropriate renovations.
