Living in Minnesota, we’re all too familiar with construction in the summertime. After a freezing Winter and rainy Spring, asphalt is ridden with cracks and potholes. Spring and Summer storms can result in serious roof and siding damage. Repaving or remodeling can seem like a real hassle; however, that construction is important to protecting your investment. We’ve gathered a few reasons as to why those pesky projects are beneficial in the long run.
Appearance
Your HOA board is in charge of maintaining your community, and one aspect of that responsibility is general maintenance. It’s important to keep your neighborhood looking attractive and welcoming for prospective buyers and tenants, and for the current residents.
Home Value
By not keeping up with essential construction or maintenance, your home value runs the chance of decreasing. Prospective buyers or tenants will be put off by poorly kept lots and pathways. Roof damage that isn’t visible won’t affect appearance but will certainly decrease your home’s value.
Saving Money
Taking care of these issues when they arise will actually save you more money later on. Over time, damages like cracks in the asphalt will only get worse and will become a bigger hassle. Your HOA board will want to save reserve funds for more unexpected expenses.