HOA Management Blog
Almost every homeowners association in the country feels the highs and lows of the housing market. Drawing on our years of experience consulting and managing HOAs, here are a few common misconceptions about what contributes to the rise and fall of HOA property values.
When it comes to getting rid of garbage, many Homeowner Association members are apt to simply toss their waste in the trash or into the dumpster and call it a day. But improper dumping can lead to stronger garbage smells and more mess in our trash facilities. So before you haul out the trash, here are few simple tips on how to help the community keep its trash area and dumpsters cleaner longer:
Whether you have a majority of first-time homeowners or long-time residents in your homeowners association, everyone has a hefty investment in where they live. It’s important that the HOA board has a program in place to preserve the value of residences, as well as the surrounding common areas shared by all.
Like almost every community in the country, did your homeowners association feel the pinch in the housing market? We’d like to dispel a few common misconceptions about what contributes to the rise and fall of property values.
Most homeowners associations have a set of written design review standards and processes. Some homeowners mistakenly believe these standards restrict their freedom of individual expression; actually they provide a framework within which each homeowner can express individual tastes and preferences. The standards have been carefully developed to reflect a balance between individual rights and property values in the Association.
A house is one of the biggest purchases a person will ever make, and most want to keep their homes looking beautiful not only for themselves, but also to entice future buyers. It’s also a regulation in most homeowners associations. From time to time, it’s a good idea for an HOA board to encourage residents to invest in some home remodeling to add to its appeal. Of course, before making any major changes to the home, residents need to go through the proper channels such as the association architectural committee for approval and the city for the necessary permits to make sure they don’t run into any legal issues.
The economy is getting brighter, but we aren’t out of the dark hole yet. While we may be seeing some light at the end of the tunnel, it will still take some time for community associations to recover. Homeowners associations are not immune in this recession.
An important role of a homeowners association is to maintain and enhance property values by enforcing neighborhood covenants and maintenance of common areas. For this to happen the Association must have a strong Board of Directors and each person who sits on the Board must perform their job. This will also help homeowners find value being a part of the Association community.
Like almost every community in the country, your homeowners association is probably feeling the pinch in the housing market. We’d like to dispel a few common misconceptions about what contributes to the rise and fall of property values.
