Originally dating back to the mid-19th century, homeowners associations are a growing presence in the United States. As of 2012, an estimated 25.9 million homeowners, or 63.4 million individuals, were members of a homeowners association in the U.S. As a result, it is more common than ever to find these managed communities across the country.
Homeowners associations offer their residents a number of benefits, ranging from shared neighborhood values to decreased ownership responsibilities. However, these organizations can often also create a stressful, antagonistic environment if they are poorly managed. Because homeowners associations are typically run by neighborhood boards, good intentions can quickly devolve into squabbles between otherwise friendly peers over anything from house colors and lawn maintenance to vendor services and prices. Often, this isn’t a reflection on anyone’s true character or qualities; some people simply don’t have the skills, experience, or time to dedicate to running a community. As a result, many neighborhoods choose to invest in HOA property management services to reduce strife and reap the benefits of living in a managed community.
There are an estimated 325,203 homeowners associations located in the United States. Accordingly, homeowners association property management companies across the company are believed to employ as many as 901,726 people. Because many communities prefer to trust the management of their neighborhood to a professional, these HOA property management services are becoming increasingly common across the country. Like a typical homeowners association, HOA management services do everything from ensuring that a community is well-maintained to hiring vendors to perform repairs and other work to negotiating with residents. This helps communities reduce strife and run smoothly, while taking advantage of the many comforts of living in a neighborhood managed by a homeowners association.
One of the few features that may make communities apprehensive about hiring HOA property management companies is the cost, and of course, companies do charge HOA management fees for their services. However, this is no different from a typical homeowners association: organizations can compel homeowners to pay a share of common expenses, which are often charged per-unit or based on a property’s square footage. For a similar cost, a HOA property management firm can provide professional management services that can reduce a wide variety of neighborhood problems, including resident tension and unsatisfactory maintenance work. If you want to enhance the quality of life in your community, don’t wait: contact a HOA management company today to discuss their services.