One of the greatest benefits of living in an HOA community is not having to worry about home value depreciation because the local community has taken a nose dive. This is the very purpose of a homeowner's association - to ensure your community remains in tip-top shape, thereby increasing local home value.
You can also think of an HOA as a community guardian. They ensure all local homeowners follow community guidelines, and keep neighborhoods beautiful and safe, bringing communities closer together.
If you're thinking of purchasing an HOA home, here's what to expect from the HOA board.
1. The HOA Board Keeps the Community In-Check
One of the most important HOA management tasks is to enforce the guidelines and rules of the community. The HOA board members do not act like police officers, but rather, make it their mission to ensure everyone tows the line, which makes for a warm and welcoming community.
An integral part of their mission is to ensure the community remains a peaceful place to live, too. It is the board's job to enforce rules around noise levels, construction times, home exterior maintenance and aesthetics, pet allowances, and more.
Ensuring that all community members pull their weight helps to reduce conflicts and foster a positive living environment.
2. They Manage the Community's Finances
One of the key HOA board duties is to keep the community's finances in check. This is why the HOA board has a head treasurer and accountant. It's their job to create and establish a budget that goes toward the maintenance of the community. This includes the upkeep of areas such as:
- Common areas
- Playgrounds
- Parks
- Community pool areas
- Tennis and basketball courts, etc.
It's up to the HOA board to determine a fair rate that each homeowner must contribute to cover these maintenance costs.
3. They Keep the Community in Top Shape
With the above in mind, it's also the job of the HOA board to source and hire vendors for the upkeep of the community. Essentially, it's their job to keep the community in good shape by outsourcing to the right professionals.
This means it's the responsibility of a Brooksville FL, HOA to liaise with vendors when a street light or plumbing needs fixing, for example. Or the community pool needs to be cleaned.
It's important to note that it's not the job of the HOA to actually do these tasks, but rather, to find professionals to keep the community clean, well-maintained, and safe.
4. They Are Key Communicators and Decision-Makers
One of the most important HOA board member roles is to act as a communication hub for the community. If someone has a complaint, suggestion, or question, the HOA serves as a sounding board for all of these things.
It's also up to the HOA to effectively communicate important changes, events, and new regulations within the community. They also have the responsibility of resolving conflicts within the neighborhood, should they arise.
In addition to this, the HOA board makes all of the big decisions regarding how the community operates. For example, they might decide on local parking rules and fees. However, the decision-making within the HOA runs like a democracy - they must listen and take the local community's concerns, opinions, and suggestions to heart.
In Need of Association Management Services?
If you're an HOA board member who needs some guidance on how to keep your community in the best condition, PMI Brooksville Association Management has you covered.
We are a full-service property management company that understands that each community is unique and requires customized, tailored services to meet everyone's exact needs.
If you need expert guidance on how to enforce guidelines, handle finances, and solve challenges in the community, don't hesitate to contact our team today.
