3 Great Benefits of HOA Living

by rcpmanagemedev, December, 15 2022

Homeowners associations and condominiums offer numerous desirable amenities to their residents, from swimming pools and tennis courts to golf courses and fitness centers. Moreover, these communities provide essential services such as street paving, snow removal, trash pickup, lighting maintenance—services that were previously the responsibility of local governments. With all of these features combined in one place for your convenience, it’s no wonder why so many people are choosing to live in an association or condo community!

Community associations strive to safeguard the neighborhood from any further degradation and deterioration; think cars on cinder blocks, dilapidated homes or neglected yards. To accomplish this purposeful aim, communities must create reasonable standards while also enforcing fair and consistent regulations. These goals may deviate depending on the association but all seek to preserve property values as well as maintain a unified community that meets resident expectations.

Governed by Neighbors

Homeowners who take an active role in their community usually experience greater success over the long-term. Professional and business support is invaluable to many homeowner associations, but ultimately it’s volunteer leaders elected by neighbors that bear responsibility for outcomes.

Homeowners associations, condominiums and cooperatives are all governed by boards of volunteers who have been chosen to craft policies. In addition, more limited budget communities may count on their residents to take charge with various management responsibilities. To keep the neighborhood functioning optimally, it is critical for homeowners to be actively involved whether self-managed or professionally managed.

Managed by Professionals

Numerous neighborhoods opt to contract with management companies and product/service providers for necessary services, like general administration, upkeep and lawful advice. Generally speaking, sizable condominium communities and homeowners associations recruit full-time on-site managers.

As the rules of community governance have become more stringent, managing associations has transformed into a very specialized field. Association managers in today’s world need to be well-versed in financial management, strategic planning, maintenance operations, personnel administration and insurance regulations as well as having an extensive understanding of law and communication systems. To successfully run communities these professionals must also offer clear direction and counsel.

Protecting Property Values

As members and managers of a community association, it is our duty to follow the standards set in place by its governing documents. The covenants, conditions and restrictions (CC&Rs) are created to uphold order within the neighborhood while safeguarding property values and promoting a sense of communal stewardship. Each member residing within this regulated environment must agree to honor these codes as part of their contractual agreement with the organization itself.

RCP’s team of management professionals have extensive experience and industry knowledge when it comes to managing everything from high-rise condominium communities to HOA’s and beyond. Contact us today and learn how we can help.