A homeowner’s association or HOA is only as good as the way it is managed. While an HOA can definitely help keep a community thriving and looking its best, it definitely needs quality management in order to achieve the best results. There’s a great deal that goes into managing a homeowner’s association, including holding board meetings, ensuring there is a fast response to any homeowner concerns, and handling maintenance and financial issues.
One of the best ways to get the most out of a homeowner’s association is to entrust the community to a professional HOA community management company. An experienced HOA management company will be able to handle the intricacies of establishing a competitive bid process for landscaping, maintenance, and other hired services. They’ll also be able to make sure that contracts are signed and that projects are completed in a timely manner.
Most homeowners choose to live in a deed restricted neighborhood with an active HOA because it helps ensure that their home will be able to hold its value. Of course, nobody can predict what the real estate market is going to do; however, the things that can be controlled, such as making sure the neighborhood is kept neat and tidy, can go a long way in ensuring that the community maintains its appeal to prospective home buyers.
When the neighborhood is allowed to fall into disrepair, homeowners often start to move out, homes get rented to tenants who don’t have a vested interest in the community, and problems can start to arise. Fortunately, a quality HOA will be able to stay on top of small problems so that they don’t escalate into bigger issues that could affect the appearance and value of the community.
An experienced HOA management company will be able to help establish a plan for setting aside funds for long-term maintenance projects. After all, you don’t want to wait until your community needs the pool resurfaced or the entrance gate replaced before you set aside the funds. Long range planning is essential to the upkeep of a well-run community.
Of course, an experienced community management company will also be able to take care of collecting dues, notifying homeowners of any delinquencies, and taking legal action when necessary. An essential part of a good HOA community manager is inspecting the community and identifying areas of concern. Whether it’s contractors who haven’t fulfilled the terms of their contract or it’s homeowners who have violated HOA regulations, the management team will be able to work with the board to remedy the situation.