Association Property Management: Ensuring the Success of Community Assets

Association Property Management: Ensuring the Success of Community Assets

More than 75 million U.S. households call an HOA community home. Recent projections show that this number is expected to grow as thousands of new homeowners association (HOA) neighborhoods are in development for the coming year.

Hoover, Alabama is also home to a thriving HOA culture. This isn't possible without a dedicated association property management team. These teams ensure property values by enforcing HOA values, streamlining upgrades, and developing HOA boards for leadership success.

Learn more about the value of experienced community association management.

HOA Management Oversees Maintenance and Repairs

There are several benefits to living in a community with an official management structure. One such benefit is prompt maintenance. Association managers work with HOA boards to streamline and service maintenance requests.

HOA communities have penalty systems to help homeowners maintain HOA standards for maintenance, structural quality, and landscaping. For example, homeowners cannot remodel or redo their landscaping without approval from the board. Homeowners may be penalized for obstructing curb appeal; penalties are issued to deter homeowners from making decisions that can lower property values.

Maintaining HOA Shared Amenities

Another HOA perk that increases interest in these communities is shared amenities.

Types of amenities include:

  • HOA community pools
  • Gyms and fitness centers
  • Recreation buildings
  • HOA board meeting halls
  • Dog parks
  • Walking paths
  • Playgrounds
  • Community gardens

These amenities bring HOA communities together and promote healthy activities. They're also signs of a well-managed homeowners association. All HOAs have reserve funds set aside for community projects; the above amenities are the type of smart investments that increase interest in the community and property values.

Any HOA homeowner can plan a community event as well. In fact, it's encouraged in HOA culture. The person spearheading the event must seek approval from the HOA board; this step generally requires a written plan that includes budgets, supplies, and timelines.

Developing Proactive HOA Boards

An HOA board is the heart of a homeowners association. HOA board members are elected by their fellow community members to represent the best interests of the homeowners. Association managers for new HOA communities help form these boards by communicating directly with the community about the role of these boards.

These conversations help managers identify and encourage natural leaders within the community to step up. When there's enough interest, the association manager will organize an election where candidates make their case to the community. These boards are organized with an HOA board president, vice president, secretary, and so forth.

Association managers are responsible for designating a location for HOA board meetings. This location is typically an on-site community building or meeting hall. These meetings should be held regularly at a designated time.

HOA board meetings cover a spectrum of topics, including timetables for developments, Q&As about dues, new member introductions, and more.

Association Property Management Makes All the Difference

Behind every HOA community with rising property values is an experienced association property management company. Make sure your HOA development receives the professionalism and attention to detail it deserves.

PMI Birmingham Region wants to make your HOA as successful as possible. Our leadership team brings over 20 years of property management experience to the Birmingham community, including certifications in AMS, CMCA, and PCAM. Our management solutions are customized to each community's needs and goals.

Book a consultation to learn more about our philosophy.

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