Nearly 74 million Americans live in homeowners associations in 2024.
If you're one of these homeowners, you should experience a particular set of perks that other homeowners don't get. Whether it's higher property values or regular community maintenance, HOA living can be perfect for first-time and seasoned homeowners alike.
Unfortunately, not all HOAs function at a high level. Whether you're having trouble with pets in the community or finding that the common areas are falling into disrepair, it might be time to hire HOA management. Keep reading and we'll explain what association management is and how it can help your community.
Accounting Services
Perhaps the most important service HOA management can provide is accounting. Most HOAs are run by a board of directors, which includes a president, vice-president, secretary, and treasurer. The treasurer is the person who collects HOA dues and looks after the community's money.
Everything having to do with HOA maintenance and upkeep comes from HOA dues. If you have an inexperienced treasurer at the helm, you're more likely to see financial issues in the community. It could even result in lower property values and higher HOA fees, as the community compensates for poor money management.
An HOA manager comes with experienced accountants on staff. They'll be able to look at the community's finances and whip them into shape.
People and Pets in a Community: HOA Regulations
Every HOA is governed by a set of rules and regulations, called "governing documents." These outline the ways homeowners should act and present their homes while they live in the community. The goal is to create uniformity in the HOA, giving homeowners a quiet and comfortable life.
Common regulations include whether or not to allow pets in a community, rules around yard work, and quiet hours. Whenever you have dozens of homeowners living under a set of rules, there's going to be issues.
Association management will have no qualms with issuing penalties to bad actors. They can also mediate conflicts between homeowners to create a more harmonious situation for all.
Regular Maintenance
Community maintenance is a big part of HOA living. A maintained community is better for current homeowners and more appealing to potential buyers. When there's more interest in the community, property values will go up, benefitting everyone.
If you're not getting regular maintenance, whether it's garbage pickup or snow removal, the community can quickly fall into disrepair. An HOA manager comes with existing vendor relationships, so you'll never have to worry about vendor coordination issues.
Get the Best HOA Company in Neenah
These are a few of the biggest responsibilities of a good HOA manager. Living in an HOA should be a positive experience. If you're having trouble with your board about anything from high HOA fees to rules around pets in the community, a change might do you good.
Getting the best association management is a call away with PMI Fox Valley. Contact us today to learn more about our services and how we can turn your HOA around in 2024.
