13% of Ohio's homes are in homeowners associations, but that doesn't mean those homeowners are pleased with the results.
A community will only go as far as its leadership takes it. When you have poor HOA leadership, you must begin to think about community building services.
In today's post, we'll tell you how HOA management services work to transform lackluster HOAs. With the help of a professional HOA manager, you can look forward to association improvement. Keep reading and learn how it happens.
Better HOA Accounting
All HOA homeowners must pay their monthly dues. These fees are combined to pay for everything the community needs, whether it's new amenities or regular maintenance, like road repair or garbage collection. If your community has poor financial management, the fees won't go as far as they should.
The result of this mismanagement often falls upon homeowners. When your HOA board doesn't do accounting well, you'll be the one paying more in monthly fees.
Good HOA managers bring professional accounting practices to your community. They'll collect fees and handle all bookkeeping to ensure everything makes sense. They'll also tackle budgeting to ensure the money coming in is being spent wisely.
Improved Governance
Every HOA has unique governing documents. These are the rules and regulations telling homeowners what they can and can't do in a community. Some HOAs have rules around allowing pets, while others have rules around noise and landscaping.
Bad actors exist everywhere, but it's how these people are dealt with that tell you how your HOA is doing. If your HOA board can't properly punish rule breakers, it sends a negative message to the larger community.
HOA managers can issue penalties to bad actors without emotion. They'll stick to your governing documents so that each homeowner knows what to expect from their association.
Organized HOA Meetings
HOA meetings direct the future of communities. If your board isn't conducting organized HOA meetings, they'll never amount to anything and homeowners will be left in the dark.
HOA managers know how to direct clear and concise meetings. They'll ensure all homeowners are able to voice their opinions. They'll also ensure that the communities wishes are always carried out.
Maintenance and Vendor Coordination
Maintenance is crucial for multiple reasons.
Firstly, it ensures community members are happy, comfortable, and safe in their neighborhoods. When everyone enjoys the community lifestyle, overall satisfaction increases.
Secondly, it brings interest from local property investors. When you have more investor interest, property values tend to rise, bringing more wealth to everyone in the community. Some HOAs have property values as much as 4% higher than other, non-HOA homes.
Find the Right Community Building Services in Columbus
These are just a few of the perks of hiring community building services in Columbus. To enjoy these perks, however, you need to find the right HOA manager.
PMI Scioto Metro is the area's top choice for HOA and property management services. We can help you bring new levels of excellence to your HOA. Contact us today to learn what we do and how it'll benefit your community.
