According to Axios, one-third of Texas' homes are currently situated in homeowners associations.
There's a general perception that HOAs are great options for homeowners because they provide a community mindset and help boost property values. This isn't always the case, however. Your HOA will only lead you as far as your HOA board is able to take it, and most HOA boards are ill-equipped to handle things like accounting and maintenance.
This is when hiring a community association management company becomes a great idea. Keep reading and we'll explain how association management can enrich your community experience in 2025.
Improved Community Engagement
Neighborhood association management can help run HOA meetings that engage the community. These meetings are where important matters are decided for the future of your HOA. If you don't have well-run, organized meetings, they'll never amount to anything and homeowners will be left frustrated.
An HOA manager has experience running organized meetings that ensure all homeowners are being heard. Everyone will have a chance to voice an opinion and the HOA manager will take minutes to keep track of the progress.
Understand Where Your HOA Fees Are Going
HOA accounting isn't something to take lightly. Too many HOAs let volunteer HOA board members handle the community's money. This can only result in financial mismanagement that affects homeowners negatively.
An HOA manager brings professional accountants to the proceedings. These professionals will help collect fees on time each month, ensuring no one falls behind on payments. They'll also handle bookkeeping duties to ensure the community's financial health.
Finally, they'll handle annual budgeting. Having sensible budgets helps keep HOA fee amounts down while providing the community with everything it needs throughout the year.
Better Maintenance and Community Living
HOA maintenance is essential for many reasons. First, it ensures community members feel safe and comfortable. When they feel comfortable, it improves overall satisfaction.
Community maintenance also brings investor interest. When you have investors who want to buy into your HOA, it boosts property values for everybody. Some HOAs have property values as much as 4% higher than non-HOA homes.
Governance and Community Happiness
All HOAs have governing documents. These are the rules and regulations homeowners must live by. When community members break the rules, there must be due process to punish them and keep others in line.
Without strong governance, bad actors will be free to do as they please. This can only hurt the morale of the community.
Fortunately, HOA managers can punish bad actors accordingly. They understand Texas' HOA laws, allowing them to handle issues and conflicts with ease.
Get the Best Community Association Management Company in Houston
If you want your community to thrive, hire the best community association management company. PMI Bayou City has been Houston's top option for HOA management, helping communities thrive. We offer all of the services mentioned here and more, so we can take your community to new heights.
Contact us today to learn more about what we do and how we can help your HOA in 2025.
