There is a reason why asphalt contracting businesses thrive in areas governed by Home Owner Associations (HOAs). HOAs provide an ideal ground for these businesses to flourish, as they have many regulations and rules.
If you are considering starting an asphalt contracting business, or are simply curious about what makes them so successful, read on.
In this blog post, Prime Asphalt will explore why HOAs are such a lucrative market for asphalt paving contractors.
Benefits of living in an HOA Community:
Stability in Housing Prices: Quality Standard Rules
There are many benefits of living in an HOA-governed community, especially regarding pricing. For one, HOAs help keeps housing prices stable by ensuring that all homes in the community meet specific standards of quality and appearance.
They typically have strict guidelines for what homeowners can and cannot do to the exterior of their homes. It includes painting, landscaping, and adding or removing structures.
Well-maintained Neighborhood: Adherence to Guidelines
HOA community maintains the neighborhood. Homeowners must adhere to the guidelines set forth by the HOA, which helps keep everyone’s property looking neat.
However, some HOAs are more lenient than others when enforcing the rules. In general, HOAs do an excellent job of keeping neighborhoods looking nice.
Enhancement in Curb Appeal: First Impressions Matters
Curb Appeal is the most significant thing people notice when they drive by your house, and it can make or break a sale. Fortunately, HOAs typically have strict guidelines about what homeowners can and cannot do to their property to maintain a similar level of curb appeal.
As a result, people are often willing to pay more money to live in a governed neighborhood by an HOA.
How HOAs Help Your Asphalt Contracting Business:
Upsell Your Service:
HOAs strict guidelines provide an excellent opportunity to upsell your services. In addition, if the HOA has strict guidelines about the appearance of landscaping, you may be able to upsell your services by offering to maintain it.
Increase Your Revenue:
In addition to upselling your services, HOAs can also help you increase your revenue and improve the community’s appearance.
Some HOAs will pay for the entire project upfront, so you will not worry about getting paid later. Early payment can be a great way to increase your revenue and grow your business.
Improves References and PR:
In addition to the financial benefits, working with HOAs can also help you improve your references and PR. They are always looking for reliable Asphalt contractors who will do a good job.
If you can meet their needs, they will be more likely to give you positive reviews and recommend you to others.
HOA’s typically have more money to spend than the average homeowner, and they are usually much more willing to approve large projects. They are a goldmine of potential business, and with the right approach, you can land some significant contracts.