Top Five Most Beneficial HOA Amenities
Today's market is competitive, so to keep up, HOAs must keep evolving with the times. There are plenty of opportunities for HOAs to get involved in upgrading their properties. Here at Condominium Associate's, we researched to find out what amenities are the most popular for residents to get the best experience in their community. If your board needs to upgrade or add a new amenity, we are here to help you along the way. We can help you budget, find the best deals, and create a timeline to help you manage the project.
Amenity #1: A Swimming Pool
Let's face it: Florida is hot. But taking care of a pool as a homeowner can be cumbersome, and not to mention expensive. But an HOA pool is maintained by the HOA, and therefore, requires no hands-on application by residents. Swimming pools also offer residents the opportunity to host block parties, member gatherings, and other celebrations or events. With the pool season nine out of 12 months a year, a swimming pool is a Florida-resident favorite. For a monthly HOA fee, this amenity brightens--or cools off!-- everyone's day.
Amenity #2: Community Amenities for Families
More and more families are gravitating toward living in HOA communities. Providing families with the opportunity to spend quality time together within the safe proximity of their home increases the likelihood that members will be happy. Think about adding indoor and outdoor play areas. These areas could include a playground outdoors or an indoor arcade for children.
Amenity #3: Fitness Centers
Most apartment complexes offer Fitness Centers as amenities, so why not your HOA? Most people want to join some type of gym but often do not because it's either too expensive or too far away. Offering a gym on-site is an excellent accommodation for busy, working people. Before you open your Fitness Center, however, keep in mind that you may have to outsource a cleaning service for this amenity. Be sure to add any on-going costs to the budget.
Amenity #4: Recycling
The target buyers in today's real estate arena are millennials. This generation wants recycling programs in their communities. Because environmental mindfulness is a top trending topic in today's society, offering a recycling program in your community helps residents stay connected to their environment. Most city's offer a recycling program for free. So before you budget money for this program, be sure to call your local trash program to find out what is available in your community.
Amenity #5: Internet & Technology Services
Although last on the list, this item is certainly not last in importance. Many people who search for an HOA today expect the addition of the internet and other technological conveniences to their community life. It is beneficial to consider adding internet services as well as computer and printing services if these technologies are not already offered.
To bring high-quality residents into your community, you and your board can carefully weigh which of these community amenities would be the most beneficial for your residents. Any of the suggestions above are undoubtedly beneficial for your property.