HOA’s are an important part of suburban living. They help maintain neighborhood appeal in the real estate market, improve common areas, maintain budgets by collecting fees and assessments, and add structure and organization to large, master-planned communities.
An HOA Management Checkup can be very effective for an association, especially if community members are dissatisfied with the state of the community.
As an HOA board member, you have a fiduciary responsibility to your community to make sure the association is managed honestly and effectively. Conduct a checkup of your current situation. You can request a discussion with a reputable management company to see if your association is getting the best services for the community needs. When an HOA is not working as intended, it leaves communities vulnerable to mismanaged budgets, higher monthly fees, neglected common areas, and failure in enforcing CC&R’s that keep lawns and houses from falling into states of disrepair. This mismanagement can drive down community values.
If you are considering an HOA Community Management Checkup for your neighborhood, be sure these items are on the list:
According to an article in the Charlotte Observer, the North Carolina Planned Community Act only requires associations to make annual income and expense statements and balance sheets available at the end of the fiscal year. If your community bylaws don’t require an audit or check-up, you can still request one as a member of your community.
Henderson Properties is pleased to offer HOA and condominium management services to the greater Charlotte, NC area. If you would like to learn more about our services or compare our community association management services to your current situation, submit a request for an association management proposal. One of our team members will get back to you quickly.