Is your beautiful community in Santa Clara, CA thriving, or falling flat? Homes in associations have a collective value of $11 trillion. With the right strategy, yours could join these successful, attractive communities.
However, California has the highest number of associations in the US (over 50,000). You need a competitive advantage! Read on to discover the signs you should look to homeowners association management services today.
The Property Value Declined
How does your community compete with others in Santa Clara? If the property value has declined, call an association manager.
They may recommend investing in long-term maintenance. Keeping up with maintenance and repairs can enhance the community. Improving the curb appeal can make it a more desirable place to live.
Low Financial Efficiency
The board is responsible for protecting the community's financial health and property values. However, 64% of HOA residents question if the board honestly handles the finances. If your residents aren't happy, talk to an association manager.
Allowing a third party to step in could make everyone more comfortable. Your association manager can:
- Manage the budget
- Process dues and fees
- Prepare financial records
- Handle payroll
- Provide financial reports
- Assist with decision-making
- Prepare and file tax returns
They can ensure transparency between residents and the board. Residents won't have to question how the board is spending their dues. Meanwhile, the board can protect the community's financial health, leading to future growth.
Low Quality of Life
Offering a positive quality of life can lead to an increase in HOA memberships. The amenities you offer can improve that quality of life. For example, you may consider:
- Fitness centers
- Parks
- Community gardens
- Swimming pools
These add-ons can enhance each resident's mental and physical well-being. They'll promote a sense of community.
Future residents will recognize the work-life balance you offer. They'll see the ease, convenience, and joy of living in your community. They may consider an HOA membership.
The amenities you offer make your community attractive and unique. You can stand out from other associations in California. Meanwhile, the community's property value will increase.
If you're struggling to enhance the community's quality of life, ask for help. Talk to an experienced association manager. Leverage their expertise to make informed changes to the community.
No Community Engagement
Improving your community can contribute to your social fabric. For example, perhaps you have a shared clubhouse or communal areas. You can use these areas for events, parties, and other social gatherings.
This will foster a sense of camaraderie and belonging among neighbors. Creating friendships and a close-knit community can increase the quality of life.
Look for an association management company that can host events for the community. They'll help community members connect.
Choose Homeowners Association Management
Managing your Santa Clara, CA community alone can become stressful. Instead, rely on homeowners association management. A full-service management company can help your community thrive and grow.
Our team at PMI SouthBay has 20 years of industry experience. We use innovative approaches and customize our services to each community's needs.
We can add value back to your community and those that live there. Contact us today to request our services.
