Homeowners associations (HOAs) have grown in popularity over the last few decades. Now, more than half of all U.S. residences and about 84 percent of all newly built, single-family homes belong to an HOA.
There are a lot of advantages to living in such neighborhoods, but they require a lot of responsibility as well. This includes financial oversight, enforcing community standards, and property maintenance.
If you are an HOA board member in the Hudson Valley, keep reading. This article covers how to get the most out of an HOA property maintenance plan so your neighborhood can be a more enjoyable place to live.
At the top of your HOA property maintenance list should be community maintenance. Never try to tackle big community improvement projects while neglecting basic upkeep. Regardless of the amazing HOA amenities you offer, fences that need painting or green communal areas overrun with weeds detract from the neighborhood.
The same goes for common buildings. Staying on top of HVAC, lighting, pest control, and other maintenance aspects will help keep residents happy. It also is a smart financial move, since maintenance costs are far cheaper than major repairs.
Be Strategic About Community Improvement Projects
Almost any community project will have a good return on investment. And even minor changes can breathe fresh life back into a neighborhood. The key is determining what is best for your neighborhood.
Replacing an old entryway gate that habitually breaks down makes the community more attractive to buyers. It also helps instill a sense of pride in existing residents.
Minor changes to landscaping, such as adding flowers or trees, can go a long way as well. The important thing is not the size of the project but the value it brings to the community and its members.
Choose Projects That Optimize Community Engagement
Grounds upkeep and financial management are an important part of HOAs, but so is fostering a sense of community. You want to create an environment where neighbors are connected, which translates to them taking more pride in the neighborhood.
Choose projects that potentially bring people together. Examples include walking trails, dog parks, fitness centers, and community swimming pools in your Hudson Valley neighborhood.
You do not have to "go big" either. If your HOA is limited in funds, look for simple projects that can improve the community. Creating a common area for events, like BBQs or movie nights, can be beneficial for everyone without breaking the bank.
Get Community Feedback
Property maintenance and improvement projects all rely on HOA fees. Ask for the opinions of community members on how to use funds. This is especially true for major changes or costly projects.
Of course, everyone is not going to agree on any given decision. However, community input can help achieve more of a consensus on how best to proceed.
Learn More About HOA Property Maintenance Oversight
Now that you know how to get the most out of your HOA property maintenance plans, you can put policies and practices in place. With a little time and effort, you can get the most out of your neighborhood.
PMI Hudson is a full-service property management company serving the Hudson Valley. We offer a variety of services, including HOA management and board member resources. Reach out to us today to learn more.