Around 30% of American households are in HOA communities. While the primary goal of the HOA is to keep local real estate prices high, they're responsible for so much more. Many HOAs also take responsibility for local community planning.
Community events are important because they're one of the best ways HOAs can improve resident engagement. Are you trying to build up a sense of community in your HOA? It could make sense to work with professional community building services. Read on to learn more about what these services offer.
The Importance of HOA Management Services
While an HOA might have limited success when exclusively owned by the local community, the best way to operate is by getting local community support from a professional management company. Professional management means you'll always have an HOA that's productive, efficient, and effective.
Amateur management can quickly erode community trust. For example, if guidelines and bylaws are inconsistently enforced, it leads to a sense of unfairness. Professional services ensure fair policies are consistently implemented.
Accurate and Comprehensive Financial Management
One of the most common causes of a crisis of confidence for an HOA is when there are financial problems. Most HOAs collect monthly dues from residents, and in exchange, the HOA takes responsibility for neighborhood improvement. Trouble arises when the HOA isn't open about finances.
Residents trust the HOA with their hard-earned cash, so it's only right they get to see how it's spent. While a tiny minority of HOAs are unethical with community finances, money concerns usually come down to poor accounting practices.
With a professional management company, you can ensure every cent is properly accounted for. They can also guarantee the community gets the best possible value from its collective funds.
Proper Management of Maintenance and Repairs
When a neighborhood looks uniform and attractive with various appealing amenities, it makes the community a pleasant place to live and boosts local house prices. But if the area falls into disrepair, it will reflect badly on the neighborhood, and house prices may fall.
Maintenance of common areas is essential, but it requires careful management. The HOA only has limited funds, and emergency repairs quickly eat into the budget. So, the HOA is responsible for organizing regular preventive maintenance. This proactive approach minimizes the chance that community infrastructure and amenities will require expensive emergency repairs.
Effective preventive maintenance requires careful management and negotiation with contractors. To get the best results, you should work with professionals who can ensure the maintenance schedule runs like clockwork.
Looking for Community Building Services in the West Cobb, Georgia Area?
As you can see, your HOA will benefit significantly from effective and proactive management that only professional community building services can offer. If you're looking to maintain and enrich your local HOA community, you should consider PMI Cornerstone.
We have decades of experience helping local communities live up to their full potential. We're ready to put that expertise to use to help your community be the best it can be. Contact us today to get started.
