Updating Your HOA's Look Extreme Home Makeover

You've heard it before—first impressions are everything, whether it's for a job interview, a first date, or the curb appeal of a new home. So, if your condo or homeowners association has begun to look a little shabby or as out-of-date, perhaps it's time to make everything old new again.

Sometimes it takes more than just a fresh coat of paint to update an appearance; sometimes it's a matter of investing in more—new signage, lighting, or landscaping elements, to name a few. But the bottom line of any makeover, small or large, is just that: the bottom-line benefits that you'll reap from a job well done.

Beautification's Benefits

HOA makeovers can create happier residents who get more profit for their investment, as well as an improved profile for the building or association as a whole. Properties that are well-maintained are not only aesthetically pleasing but it is a sure bet that property values will also increase.

Joel Mergas, of Forbes-Mergas Design Associates, Inc. in New York City, says that associations should be considering hallway updates at least every ten years, but lobbies—which take a heavier beating from foot traffic—should be refreshed every five or six years.

"Buildings try to stretch it out, but it's subject to the real estate market too," he says. "If the market is good, you can't afford to sit back and have your building fall behind. Competition drives the renovation."

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Comments

  • Terry, we are working on all the stuff you mineeontd. Let the management company know about broken pipes, sprinkler heads etc.As for the contract, the basics are done on a fixed price, with special projects handled separately.The reason we had to switch, is the last contractor had some past financial problems that came back to bite him and almost shut him down. We were hoping that he could weather them because he was getting used to the property and our expectations. That takes at least a year for any contractor. However, for the sake of the property we felt we needed to make a change now rather than later.The landscaping here is a very large amount of work. It didn't help that Pulte did some things that are not working out well and are going to cost us to deal with. For example some of the plants and trees are not appropriate for the space they put them in and are either dying or growing too large already.Some of our issues are finding ways to save water, which is a significant portion of our budget, and to make the native areas appear less weedy (for example killing off the unwanted non-grassy plants that shoot up several feet.)You mention trimming. That will be done in the fall, so hopefully it won't be an issue next summer.