It's only natural to want to find the perfect place to live, but it's easier said than done. Various factors can affect the quality of a neighborhood, and a homeowners association is one of them.
HOAs do a lot to help their communities and make things better for the residents. In many cases, however, they can't quite keep up with their responsibilities. HOA management companies can step in to support HOAs and further improve things for a residential community.
Let's take a look at how an HOA management company can improve the quality of life in your West Cobb, GA, neighborhood.
Organizing Maintenance
HOAs are responsible for general common area maintenance. This involves keeping areas like parks, pools, and gyms in good condition so they're fit for use by residents.
An HOA manager can deal with this, keeping track of maintenance plans and contacting suitable companies when needed. They'll oversee any work that's being done to make sure there aren't any issues. Due to their relationships with a lot of service companies, they can sometimes get deals and discounts that will help save community funds.
Helping Property Values
When someone buys a house, the last thing they want is for it to decrease in value. Some factors affect property value that can't be controlled, but some can. A house in a more desirable neighborhood will typically hold its value quite well.
A lot of people want to live in neighborhoods with HOAs due to the work they do. This is even more significant for communities that also have an association manager. As such, there's more chance of property values going up with time.
Keeping Things Fair
The HOA board will set certain rules and regulations for the community. These are policies that everyone needs to follow, and in doing so, everyone should be kept happy.
The problem is that HOA boards consist of volunteers from within the community. They're typically friends with other residents, and this can cause issues when it comes to enforcing these rules.
An association manager, however, doesn't have personal relationships with the residents. This makes it much easier for them to enforce policies fairly and without any biases.
Managing Finances
This is one of the more complex areas of association management. HOA board members typically don't have much experience in managing finances, and mistakes can be very costly.
An association manager can oversee this instead. They have the training and experience needed to handle all community accounts properly. In many cases, they can optimize budgets and spending to help save the community money too.
Providing Legal Guidance
Similarly to finances, board members rarely have much experience here. Association managers can provide legal guidance and assistance when necessary. If any legal cases come up, having someone with a good understanding of real estate law can prove incredibly helpful.
Working With HOA Management Companies
HOA management companies can do a lot to help HOAs and their communities. They can deal with complicated matters like finances and legal issues while maintaining communal areas and supporting property values.
PMI Cornerstone provides professional property management services in West Cobb and the surrounding communities. We've received various awards including #1 in property management from Entrepreneur in 2023. Take a look at our association management page for more.
