The 2022 Homeowner's Satisfaction Survey asked residents of HOAs or homeowner's associations. 66% of respondents ranked their experience as good or very good.
HOA benefits include:
- Community engagement
- Amenities
- Property value protection
These only come from communities that are properly managed. 79% of respondents said their community manager provided value and support.
Read on to learn the top four reasons to hire HOA manager services in Colorado Springs, CO.
1. Expertise and Connections
HOA manager services are experts at everything involved in managing a community.
They also have connections with other experts. That includes a network of vetted vendors and contractors.
They have access to the latest technology. These may include:
- Online portals
- Online payment tracking
- Online communication systems
- Online event tracking systems
It helps them do their job more efficiently and effectively.
They're up to date on the latest laws in the local Colorado Springs community. It helps keep the entire community compliant to avoid fines or other issues.
2. Extensive Services
Every community is different, but certain tasks apply to all of them areas of community living. A manager can help you with all of them, including:
- Financial management
- Enforcing rules and regulations
- Property maintenance
These are all essential to keeping a community running well. A manager can do it effectively and efficiently.
3. Saving Time and Money
Residents who are having a positive experience may be willing to help with community management. They may not always realize how much the task requires. They can quickly become overwhelmed.
HOA leadership and board members are volunteers with other lives and interests. They may not have the time or resources to handle everything in the community.
HOA manager services reduce their burden. That leaves its members with more time to spend on what's important to them and what's most pressing for the community.
There are also financial benefits to getting a manager. HOA management is an investment, but it pays off. They'll do everything as efficiently as possible, making it more affordable.
Their network of maintenance pros get the job right the first time so you don't have to pay to do it again. They'll also keep an eye on the financials to ensure you're making as much money as possible.
4. Increased Community Value
The value of all homes in HOA communities is $11 trillion. Additional value doesn't come on its own. It needs to be protected with proper maintenance.
A manager enhances community living and resident satisfaction. They help make the community a well-maintained and comfortable place to live.
That's if you're looking at the entire community. Individual property values will also increase. Each building becomes more attractive to those outside and can be sold for better prices.
Finding HOA Manager Services
Four major benefits of hiring HOA manager services include expertise, extensive services, saving time and effort, and increasing community values.
PMI Pikes Peak offers full-service community and association management. We're dedicated to providing them with the highest-quality property management services.
Contact us today to maximize the profitability of the community or association while staying within your budget.
