Because housing communities are shared spaces, it is common for members to work together to improve their community. Some communities formalize this by establishing homeowners associations or HOAs. An HOA helps manage community details like property maintenance, safety regulations, and standards protecting property values. Community members can volunteer to operate their HOAs or hire a community management company to help lighten their burden.
These management organizations can take over administrative, maintenance, and enforcement roles previously filled by resident volunteers. This can help community members focus on their own properties and enjoy their community more. Here are five ways that community management can benefit your neighborhood:
1. Protect Property Values
Homeownership is an investment that many families rely on to generate wealth for future generations. The success of this investment depends partly on the home’s property value. Factors like proximity to schools, healthcare, nearby businesses, and the physical condition of the property determine property value. Community management companies can help to protect property values within a neighborhood by establishing standards for home and yard maintenance and providing upkeep for shared spaces. They can also enforce parking and speed regulations to promote safety within the community and improve property values.
2. Reduce Personal Maintenance
HOAs and management companies can help residents with specific maintenance tasks. They can do this by hiring third-party companies for services like landscaping and lawn maintenance for the whole neighborhood. This reduces the amount of time residents have to spend doing yard work. Neighborhoods that experience snow can hire third-party services to clear snow from driveways, sidewalks, and streets. Some community management services also handle neighborhood utilities, like gas and water. This is done by including utility bills in each resident’s HOA fees, reducing the number of bills community members have to pay directly.
3. Increase Socialization
Most HOAs and management companies seek to involve the community in planning and projects. HOAs often hold meetings for residents so that they can discuss their needs, concerns, and ideas. This gives the whole community a voice in helping decide the neighborhood’s future. Community management can also help plan and execute events and activities designed to bring the neighborhood together. These events can help members make new friends, build existing relationships, and provide wholesome activities for kids.
4. Provide Access to Amenities
Management services can help install and maintain neighborhood amenities like pools, parks, and clubhouses. Regular, professional care helps these spaces remain safe, clean, and enjoyable without relying on volunteer work. Well-maintained amenities reflect well on the community, adding value to the homes and neighborhood overall. Management teams can work with local government and other organizations to provide community members access to new or updated amenities that adhere to local laws and regulations.
5. Provide Peace of Mind
When management teams enforce HOA noise and safety standards, communities can experience more peace and quiet. Residents in HOA communities commit to keeping noise and activity levels within specific parameters to avoid affecting neighbors. Community management companies encourage residents to be familiar with each other and uphold neighborhood safety standards together. Management can hire professionals to assist with neighborhood watch efforts and liaison with security services.
Hire a Community Management Team for Your Neighborhood
Whether your neighborhood has an established HOA or is considering starting one, community management companies can help guide and implement administrative and maintenance services. Management teams bring years of professional experience to help communities succeed with flexible management plans ranging from complete management to on-demand or as-needed management. Find a community management company near you to learn more about their services and how they can benefit your community today.