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KMC Group has been serving the area since 1973 with thousands of satisfied customers. KMC Group offers a wide variety of quality, hassle-free Property Management Repairs and Maintenance for housing cooperatives, homeowner associations, and condominiums at affordable prices. KMC Group is committed to providing you with quality, professional services to meet the needs of your budget. For more details about Homeowner Association management. Visit us at https://www.ekirkpatrick.com/hoa-property-management/
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A Homeowner's Association, or HOA, is a nonprofit organization formed to govern neighborhoods by a set of rules known as "The DeclarationofCovenants,Conditions,andRestrictions"(CC&Rs).The Federal Housing Administration has played a significant role in the growth and popularity of HOAs. They demanded in 1963 that residencesandcondominiumsbemembersoftheseorganizationsin ordertobeconsideredforinsurance.Thereasonbehindthisdemand wasthattheyweretryingtopersuadetownfamiliestorelocatetothe suburbs. Local governments obviously supported this decision, and thereforeHomeownerAssociationswereformed.
There are severaladvantages to havinganHOA,andthisarticlewill discuss three of the most important of them: generalcommunity maintenance,resolving problems or collecting dues, and arrangingmeetingsoractivities.
General NeighborhoodMaintenance Most neighborhoods, particularly condominium communities, have something is known as "shared spaces." These spaces often include playgrounds, pools, parks, parking lots, gyms, and other amenities. While residents normally like having this kind of amenities, it is not usually their responsibility to maintain them. This is when the HOA comes into the picture. A reputable organization will have a list of professional, qualified maintenance teams on hand that can be contacted for this kind of thing. This is also important if something goes wrong with the plumbing or electricity in the houses or apartments.
Instead of asking around and looking for these maintenance staff, residents can simply call their HOA. This benefit is also useful for landscaping. A beautiful community will enhance property values and inspirepotentialhomeownerstolookforahouseinthatneighborhood.
CollectingDuesandDealingWithIssues While this may appear to be a disadvantage of HOAs, it is actually a benefit. A monthly charge helps these associations to keep the neighborhood looking nice by keeping it clean and paying their maintenance staff. Another significant advantage of HOAs is their abilitytoresolveissuesamongstneighbors.Whileeveryonewishesto beagoodneighborandneverhaveaconflict,theydohappen.HOAs provide an unbiased way to resolve these issues and maintain communitypeace.
CreatingSocial Gatherings Manypeoplewanttofeelcomfortableintheirneighborhood.Planning meetingsaroundholidaysorspecialoccasionsisagreatwaytodothis. Thisallowsneighborstomeeteachotherandgiveawarmwelcoming feelingthateveryresidentislookingfor.
There are several other advantages to having an HOA; this article highlights three of the most common, which include general neighborhood maintenance, collecting dues and resolving disputes, andorganizingsocialactivities.Inanutshell,HOAsaimtomaketheir communitiesadesirableplacetolivebyprovidingasenseofserenity and safety. While there are certain precautions that neighborhoods shouldtake,thisarticlefocusesonlyonthebenefitsofhomeowners' associations.
KMC Group has been serving the area since 1973 with thousands of satisfiedcustomers.KMCGroupoffersawidevarietyofquality,hassle-free PropertyManagementRepairsandMaintenanceforhousingcooperatives, homeowner associations, and condominiums at affordable prices. KMC Groupiscommittedtoprovidingyouwithquality,professionalservicesto meet the needs of your budget. For more details about Homeowner Association management. Visit our website now.
