Friday, December 23, 2022

Reasons to Join a Homeowners Associations Board


 Serving on your homeowner's association (HOA) board can often be tiring and time-consuming. However, although the work of an HOA board member often goes unappreciated or unrecognized, that doesn't mean it's not necessary or unrewarding. Things would be chaotic without volunteers on the HOA board to manage the association's affairs. Board members make a difference in their community by ensuring its health, safety, value, and continued success.


To join an HOA board, you must be willing to work as a volunteer and view it as an opportunity to enhance your community's assets and serve your neighbors. Before volunteering, seek to know the terms and conditions of your local HOA and board.


It also comes with responsibility and reward. A critical role of the homeowners association HOA is to preserve the community's property values by overseeing the maintenance of the individual units within the community and the grounds. If the recreational area is well taken care of, the community's properties will maintain their value or even increase. Being a member of the HOA board gives you more say over maintenance decisions and, by extension, more control over the value of your home.


Whether it's a landscaping issue, high water bills, or a problem between neighbors, HOA meetings give the residents a welcome platform through which important matters can be addressed. In addition, as a board member, you are involved with drafting petitions to local authorities for the good of the community.


Being immersed in the operations of the local HOA gives you a unique experience. Apart from the leadership skills, as a volunteer, you also learn important life lessons such as being open minded and improving your interpersonal skills as you work with others on local issues.


Participating in the HOA teaches you strategic thinking and problem solving skills. You get an opportunity to polish your negotiation and public speaking skills. In addition, as a board member, you must spend time promoting peace among neighbors, and nurturing relationships with fellow board members. This helps build trust and demonstrates that HOAs are not merely vehicles for enforcing community rules and monitoring budget performance. The positive impact of connecting residents can significantly impact governance in the community.


Although the work of an HOA is serious business, it can still be an opportunity to have fun and enjoy the moment. The feeling of victory after successfully negotiating with a vendor, the adrenaline rush after the board makes an important decision, and the sense of camaraderie at each meeting are a few examples of how serving on the HOA board can be enjoyable. For example, imagine creating a well-run community that is well maintained with great curb appeal. This is something you can make happen as a member of the board.


Finally, you can determine or choose the management services company that serves your community. This alone might a good reason to join the HOA board. Often, the difference in the quality of services offered differs from one company to the next, and choosing the correct one is critical.

Friday, December 9, 2022

Top Renovations to Increase Home Value

Homeowners may renovate their house to update features, make it more functional or aesthetically appealing, or prepare it for sale. Whatever the motivation, homeowners can make the most of their investment by choosing renovations that maximize the home’s value.

Many home buyers consider the kitchen the heart of the home, and homes with updated kitchens tend to sell faster and for higher prices. When considering kitchen renovations, homeowners should make functionality the top priority. Those renovating to resell should opt for neutral colors and classic materials rather than a unique personal style.

Kitchen renovations should include updating fixtures and appliances and freshening paint. Depending on budgets, homeowners may consider replacing or refacing cabinets or adding amenities such as wine refrigerators or hidden electrical outlets.

According to the 2022 National Association of the Remodeling Industry remodeling impact report, real estate agents estimate a 67-percent cost recovery associated in a kitchen upgrade when the home sells. Apart from home value, the report indicates that kitchen renovations increased consumers’ desire to be at home by 86 percent.

Similarly, updated bathrooms appeal to almost all home buyers. Renovating and updating a bathroom makes sense for people wishing to sell their homes since the same report indicates that homeowners may recover up to 57 percent of the renovation costs when selling the home.

Increasing the home’s square footage with an addition is another renovation that increases the home’s value. A physical expansion such as a new bathroom or bedroom may add substantial value, according to Home Advisor. Depending on size and materials, the addition may cost up to 10 percent of the home’s overall value. Typically, the more expensive the addition, the lower the percentage the homeowner will recoup when selling.

Along with upgrading the kitchen or bathroom, replacing or repairing a home’s HVAC system adds significant value. Because the heating and cooling systems are so important, many home buyers are willing to pay more for new systems. Particularly for millennial buyers, a new HVAC system rates high on the list of requirements in a home. Homeowners who wish to recoup their investment should consider a new HVAC system since real estate agents estimate a recovery of 85 percent of the cost when the house sells.

Enhancing a home’s accessibility always increases its value. Homeowners may consider widening doorways, replacing porch stairs with a ramp, or swapping a main-level tub for a shower to make the home more appealing and valuable to a wider group of home buyers, including seniors.

Many home shoppers seek outdoor living spaces for dining, entertaining, and relaxing. Adding or improving a patio or installing an outdoor kitchen increases a home’s living space, adding value for the buyer by increasing square footage.

Beyond major renovations, homeowners can add value through simple, relatively low-cost changes. The cost-effective practice of replacing harsh lighting with soft, warm light can make the home seem cozier and more inviting, while outdoor lighting can dramatically affect the landscape. Additionally, outdoor motion-detected lighting can add value by enhancing security at entry points, and new interior paint creates a clean, refreshed look.



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Scope of Application of Management Tools

  A construction leader with over three decades of experience, Douglas A.G. "Doug" Stevenson serves as the president of RBS Strate...