With over 370,000 community associations in the country, they've quickly become home to around 40 million American households.
Being part of an HOA community comes with many benefits, including high property values, plenty of amenities, and community safety. HOA board members work to uphold the values and serve the needs of the greater community.
That said, there's nothing easy about running an HOA. In this post, we're going to discuss some of the advantages of hiring community association management for your HOA.
If you want to keep improving your HOA, read on and discover what HOA management can really do.
1. Enforcement of Rules and Impartial Decisions
HOA board members are comprised of people that live in the community doing their best to hold things together. It can be difficult for these people to make decisions and enforce rules when they've got busy lives to attend to.
In hiring a property manager with community association management experience, you'll have someone that can bring order to your community. They'll work with everyone to ensure the right decisions are being made and everyone is following the same HOA community rules.
2. Maintaining Property Value
One of the biggest reasons why homeowners decide to purchase property in a community association is because it's a sensible investment. When HOAs are well-run, property values are higher than other property types.
That said, if your current HOA management is having trouble staying on top of things, like maintenance or bringing new amenities, property values won't be as high as they could be. New management will be diligent about making the community look great and desirable for new investors.
3. Access to Top Vendors
Maintenance of communal areas, as well as individual properties, is so important to HOA communities. Reputable property management companies will have a long list of go-to vendors that they have strong relationships with.
This means your HOA will never have to wait for landscaping, amenity repairs, or home maintenance. All homeowners will have to do is contact the property manager and have them arrange service.
4. Efficient Resource Use
In addition to all their other responsibilities, HOA board members have to look after the money. HOA members pay their dues so that the community can be constantly maintained and improved. If it becomes unclear where the money is going, you'll end up with some disgruntled homeowners.
HOA management will be able to properly manage community funds. They'll work to make efficient use of the money so that the community is improved in a way that satisfies everyone.
Community Association Management Can Help
Now that you understand the advantages of community association management, it's easy to see the value of property management. PMI Property Management is a full-service property manager that can help you maximize your property.
From looking after finances to dealing with maintenance, we can do it all. Contact us today to inquire about our services, and let us help you with all things property management.