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Study findings demonstrated that while master-planned communities often have higher HOA dues, these investments directly contribute to above-market property and land values, enhanced resident satisfaction, and well-maintained amenities.

DANIA BEACH, Fla., Oct. 29, 2024 /PRNewswire-PRWeb/ --  At the 2024 Fall Meeting, , a new division of that provides comprehensive consulting services to large-scale residential developers, presented groundbreaking research on how community associations positively impact property values and community success within master-planned communities (MPCs). The company engaged Mark Boud, principal at Robbins Boud Real Estate Analytics, to collaborate with its team on an in-depth study of three MPCs across the United States. The report offers developers actionable insights for long-term growth and prosperity.

The findings demonstrated that while MPCs often have higher HOA dues, these investments directly contribute to above-market property and land values, enhanced resident satisfaction, and well-maintained amenities. The communities assessed in this study included in South Jordan, Utah; in Northlake, Texas; and in Orange County, California.

Key Takeaways from the Study:

• Increased home prices: From the three examples studied, the average MPC home price ranged from 9.1% to 19.9% above comparable products.
• Higher land value: Supportable land values per acre in these MPCs were also 20.6% to 28.6% higher than comparable residential land.
• Community benefits of HOA oversight: Well operated, highly amenitized MPCs have higher HOA dues, mortgage assessments, and property taxes, yet these MPCs support higher home prices and land values than comparable properties.

"FirstService Development Advisors equips developers with the tools and strategies to build communities that prioritize long-term stability and a vibrant resident lifestyle," said , Senior Vice President of Developer Consulting and Advisory Services at FirstService Development Advisors. "Our research demonstrates that proactive HOA management promotes sustained property values and plays a pivotal role in community satisfaction. By establishing high standards in operations and amenity activation, communities build a path to greater quality of life and homes that appreciate."

As demand for homes within community associations continues to rise, developers should consult experts on simplifying life for HOAs and residents at new properties.

For more information on FirstService Development Advisors, please visit our .

About FirstService Residential
FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident.

Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.

Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.

FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.

About FirstService Development Advisors
FirstService Development Advisors consults with residential developers to design and implement operational plans for residential communities, including the establishment of community associations, to realize the developer's distinct vision for the resident experience in each project.

The team leverages the company's data and expertise from managing 9,000 communities in the U.S. and Canada, including multi-phase developments, master-planned communities, ultra-luxury high-rises, and mixed-use properties, to guide developers from project inception through homeowner board transitions.

That includes consulting on operational budgeting and amenity design and activation, as well as collaborating closely with project contributors and stakeholders, architects, and sales and marketing teams to amplify returns and establish an enduring legacy.

FirstService Development Advisors is a division of FirstService Residential, a leading property management company in North America.

Media Contact

Britni Ackrivo, FirstService Residential, 856-906-9615, [email protected],

SOURCE FirstService Residential