More than 74 million U.S. residents live in HOA communities. That's a lot of HOA community members! Are you part of an HOA community or board?
If so, you should understand the importance of HOA meetings. They're fantastic for community improvement and involvement. However, what should you really be discussing during them?
If you're not sure what you should be talking about, we're here to help. We've come up with three of the most important things that should be on your HOA meeting agenda.
Read on to learn more.
Finances are always a hot topic on any HOA meeting agenda. It can be expensive to be part of an HOA, and people want to know what their dues are going towards.
Budgets, dues, and financial reports are critical topics for all members of the HOA. Discuss the HOA's financial health, including income from dues, expenses, reserves, and any upcoming major expenses or projects. Before the meeting, make sure you have clear financial records to show the HOA community.
It's crucial to be transparent about money when you're participating in an HOA. Homeowners deserve to know how their money is being utilized and they deserve a say in certain financial matters. Tennessee has the fifth-lowest HOA fees, but they still add up.
Property Maintenance and Repairs
HOAs are responsible for certain aspects of property (and neighborhood) maintenance. This is a great topic to bring up during an HOA meeting.
Address ongoing maintenance needs and upcoming repair projects. Discuss landscaping, common area upkeep, repairs to amenities (like pools or playgrounds), and any required renovations that are on the horizon. If you're the one advocating for these repairs and projects, make sure you have a clear vision (and reason) to show the HOA board to support your case.
This all helps ensure the community remains well-maintained and aesthetically appealing so your residents stay happy.
Community Projects and Improvements
HOAs should always be looking for new ways to improve the community. Put these improvements on the HOA meeting agenda.
Share information about potential community projects and improvements. This could include things like adding fun new amenities, enhancing neighborhood security, or even organizing new community events.
Get input from homeowners so projects align with their preferences and needs.
You should also open the floor to homeowners so they can voice their own concerns about the community. Ask what types of improvements they need or if there's anything that the HOA board could be doing better.
You want your HOA community to be happy!
Discuss These Things During HOA Meetings
If you want a happy HOA community, make sure you're discussing the right things during HOA meetings. At the very least, you should be discussing finances, community improvements, and maintenance.
These meetings are crucial for the success of your HOA. Make sure that you're making them count!
At PMI Property Management, we've expanded our offerings to include HOA management. Take all of the hard work out of your HOA. Contact us so we can start working together today.