Some potential homeowners are wary to purchase property that is part of a development and subject to a Homeowners’ Association. HOAs are often perceived as being overly strict and costly, but not all HOAs are necessarily like that. Developments that opt to hire a Scottsdale HOA property management services company are often better managed and have happier community members. When you are looking to purchase a new home, ask about the HOA and how the community association is managed.
Here’s a look at some of the reasons why HOA-managed communities are preferred.
Consistency and Clarity
Managed HOA communities are more streamlined and offer much-needed clarity to their members. Because HOA management companies specialize in working with homeowners’ associations, they can ensure all rules and regulations are communicated in a manner that is easy to understand for all residents. In addition, the rules are applied across the board, and you don’t have the same risk of favoritism that you might have with non-managed HOAs.
HOA management companies have a goal to ensure all community members are happy. This means keeping clear lines of communication open and being willing to address concerns as they arise.
Better Financial Results
Streamlining how your HOA operates can result in financial savings as well. Management companies who specialize in working with HOAs have years of experience and are subject-matter experts when it comes to financial planning, accounting, vendor management, and more.
Many management companies also have the legal expertise to ensure that your rules and regulations are in compliance with current legislation in Arizona. This can reduce the risk of legal disputes and subsequent litigation expenses for your community.
Proactive vs Reactive
HOA-managed communities are more streamlined and financially sound because these outside services are more proactive versus reactive. The HOA board of directors may see a minor problem and opt to keep putting it off until it turns into something major, resulting in a special assessment for the homeowners. With an HOA-managed community, the management company can recognize minor problems that have the risk of becoming an expensive repair. By correcting the issue early, it saves a lot of headaches and money for the HOA and its community members.
Retaining vendors for projects is one area where HOAs sometimes tend to struggle. HOA boards are not always accustomed to working with a large number of vendors and may opt to use a company that ends up providing shoddy service. With an HOA management company, they have a database of trustworthy vendors in the Scottsdale area who can provide superior work at a fair price. If an issue does arise, the management company will also handle vendor disputes while ensuring the work is completed proficiently and timely.
Working with an HOA Management Services Company in Scottsdale
If you’re looking for a new home in the Scottsdale area, consider purchasing one where the HOA has retained a management services company. City Property Management Company has been providing superb HOA management services to Scottsdale and other Arizona residents since 1979. If we can answer any questions for you, please contact our office at 602-437-4777.