Some community associations have properties that are as much as 4% more valuable than similar homes outside of HOA communities.
This is one of the biggest perks of HOA living, but not every community has high property values - only high-functioning ones do. If you don't have strong leadership in your HOA, you won't have strong property values either.
In today's post, we'll explain the ways that community association managers improve property value in Columbus HOAs. Keep reading and you'll understand what these services do and the various ways that they make your community a more desirable place to live.
Better Accounting Practices
One of the ways that your HOA manager will improve property values is by managing the community's money more effectively. HOA accounting is no small task, but many communities are left with volunteer/amateur accountants doing the bookkeeping and budgeting.
When a homeowner pays their HOA dues, they expect certain things in return. If money isn't properly managed, the dues won't be enough to meet those expectations and they'll have to go up. In addition to angering community members, this makes it hard to pay for the things that an HOA needs to thrive.
An HOA manager brings professional accounting to the table. These people will collect dues and deal with budget planning to secure the financial health of your HOA in the future.
Maintenance and Vendor Coordination
For an HOA to be safe, comfortable, and desirable to live in, it needs regular maintenance. Both individual property and community-wide maintenance is an important aspect of community management.
The more desirable a community is to outside investors, the more property values will go up. A community manager will maintain your community with strong vendor coordination. Whatever is needed, from winter snow removal to summer landscaping, your HOA manager will have the right vendor for the job.
More Effective Communication
Communication is a hallmark of a successful community. When the community is on the same page and resident relations are strong, it's simpler to manage. To have strong communication, you need organized meetings.
An HOA manager will run such meetings. They'll make sure all ideas and voices are heard. Once the community decides on something, they'll also swiftly act to implement new plans to better the HOA.
Governance and Compliance
It's difficult for an HOA to thrive with compliance issues. All homeowners are subject to the same set of governing documents. Some HOAs have rules around pets while others have regulations around allowing renters.
When a homeowner breaks a rule, they must be dealt with. With strong governance from an HOA manager, your community can stay cohesive and forward-thinking. All of this works to make it a more desirable place to live.
Find the Right Community Association Managers in Columbus
Now that you know more about property management skills and how they can improve your community, it's time to find the right community association managers. For communities in Columbus, the answer is always PMI Scioto Metro.
As part of the top HOA management group in the country, we offer all of the services mentioned here and more. Let us help you raise property values in your community with our effective management. Contact us today to learn more about our services and get more HOA management tips.
