The primary goal of community management companies and HOA companies is to protect the interests of the homeowners. Contrary to this mission, many people think an HOA is there to make their lives miserable and control them. As a homeowner in exclusive and highly desirable areas in the Vail Valley, it’s important for you to take a real look at some of the truths about community management companies.
HOA Management and Your Property Value
First of all, people who are against HOA management have the wrong idea. They try to claim that having one in place has no impact on your property value. However, this simply isn’t true. Rules and regulations regarding the upkeep and appearance of the property in a particular neighborhood do indeed protect and improve property value.
Ensuring your neighbor in a mountain community isn’t parking a dilapidated RV for months on end is important. Guaranteeing a house down the street isn’t falling apart, in dire need of repair and paint, is a serious concern. And making sure your neighborhood maintains the aesthetic value that drew you to your property still matters. All of these things affect property value. Your HOA agreement protects you against all of them.
Community Management Companies and Property Owners
Secondly, one of the best perks is that community management or HOA management companies do not work directly with property owners. This distance takes them one step out of the equation when it comes to disputes and upholding rules and regulations.
The management company works with the board of directors to help govern the community efficiently and effectively. The board makes decisions regarding the maintenance of the common areas in a community. They also determine penalties for homeowners that fail to comply with HOA regulations. Finally, they are in charge of approving the budget, running the day-to-day HOA business and giving direction to the HOA management company.
Community Association Management Creates a Sense of Community
Finally, cultivating community is an important aspect of community management companies. Creating a space where people want to live and where property ownership is desirable is one goal of the HOA. Homeowner involvement is critical. But a good HOA management company, working closely with the board, can create such an environment. This benefits the homeowners by helping create a community that is cohesive, beautiful and safe.
It’s easy to write off HOA management companies as controlling and unnecessary. However, they are there to protect the community and the homeowners’ best interests. Without an HOA, a community has little recourse should a homeowner decide to neglect their property or keep it in a manner inconsistent with surrounding properties. So, if you want to maintain the appeal of your neighborhood and protect your property values, take a closer look at what community management companies can do. Contact the team at Fireside Properties today.