Colorado's 10,000 homeowners associations account for nearly 2.5 million homeowners.
If you're one of these homeowners, you should be experiencing a wide set of perks from your HOA, such as high property values and community-centric amenities. If you're not, it's time for a change.
When an association isn't living up to its residents' expectations, the best solution is to hire an HOA manager. Today, we'll tell you how HOA management services guide associations towards excellence. Keep reading and you'll know what your manager will do and have the community management tips to help your community thrive in 2024.
Community Maintenance
Efficient HOA management involves looking after the community. Community maintenance is important for boosting the safety and comfort of all residents, but it's also helpful in boosting property values.
When you've got a well-maintained community that people enjoy living in, there's going to be more investor interest. When there's more investor interest, property values go up. Some HOAs have property values up to 4% higher than similar homes that aren't in HOAs.
To maintain your community, your HOA manager will contract local vendors. A manager with strong vendor relationships and the ability to coordinate vendors is one you can trust to turn community maintenance around.
Accounting Practices
To live in a good association, all homeowners must pay their monthly dues. These are the funds that pay for everything the community needs to operate efficiently. If your HOA board of directors doesn't know how to manage the money properly, they'll be forced to raise these fees.
This is unacceptable for most homeowners. What an HOA manager can do is bring professional accounting practices to your association. These professionals will collect HOA fees, balance the books, and create thoughtful budgets to maximize the community's income.
Governing Documents
Governing documents tell HOA homeowners how to live in their community. Some have rules around rentals, while others have rules around pets. The struggle arises when you have homeowners who don't feel the rules apply to them.
If your HOA board doesn't punish these people, it'll alienate the entire community. An HOA manager will ensure that all homeowners are held to the same standard.
They'll issue fines and penalties, and even perform HOA evictions on bad actors if need be. They'll also diffuse conflicts between homeowners to create more unity and harmony in your HOA.
HOA Meetings
HOA meetings bring the community together to discuss the direction of the association. Leadership can demonstrate HOA board excellence by running efficient and organized meetings. Sadly, that's not often the case for most HOAs.
When you bring in an HOA manager, you'll get a responsible professional running your meetings. They'll make sure all residents' concerns are heard and implement any plans the community decides upon.
Get the Top HOA Manager in Colorado Springs
Your Colorado Springs HOA doesn't have to suffer under the weight of poor leadership any longer. Hire an HOA manager today to experience all of the benefits and so much more.
The top HOA management service in Colorado Springs is PMI Pikes Peak. Our HOA management can take your ailing community and turn it into a thriving one. Contact us today to consult with a representative and find out how we'll make this happen.
