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  • Digg it UP - 5 Ways an HOA Can Hurt Your Property Value and What You Can Do to Stop It?

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    where the problems are the most evident).

    •Committees are another way to have your voice heard. The board is not always easy to be elected into you may find the process is similar to being a politician in local elections others are begging for ho

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    As a property owner in a community which has Home Owners Association with legal covenants and restrictions you have 3 choices 1) Become active in the management, 2) Attend meetings and have an understanding of what going on, 3) Do nothing and pay the consequences of ignorance.

    •Acknowledge your ownership and take control of your property. There may be restrictions that you may not agree with some don’t make any sense. The only way to change them is to be an active participant in the process. Voting only takes place on items listed on the monthly agenda the board members and the management company set the agenda.

    •Yearly elections of new board members. In the covenants you will find how many board members and for how long board members are allowed to serve. In most communities you are limited to 2 or 3 successive terms with half or a third of the board changing each year. Some areas allow the same board members to be re-elected continuously with out changing (these little kingdoms are where the problems are the most evident).

    •Committees are another way to have your voice heard. The board is not always easy to be elected into you may find the process is similar to being a politician in local elections others are begging for hom

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    onsequences of ignorance.

    •Acknowledge your ownership and take control of your property. There may be restrictions that you may not agree with some don’t make any sense. The only way to change them is to be an active participant in the process. Voting only takes place on items listed on the monthly agenda the board members and the management company set the agenda.

    •Yearly elections of new board members. In the covenants you will find how many board members and for how long board members are allowed to serve. In most communities you are limited to 2 or 3 successive terms with half or a third of the board changing each year. Some areas allow the same board members to be re-elected continuously with out changing (these little kingdoms are where the problems are the most evident).

    •Committees are another way to have your voice heard. The board is not always easy to be elected into you may find the process is similar to being a politician in local elections others are begging for ho

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    ting only takes place on items listed on the monthly agenda the board members and the management company set the agenda.

    •Yearly elections of new board members. In the covenants you will find how many board members and for how long board members are allowed to serve. In most communities you are limited to 2 or 3 successive terms with half or a third of the board changing each year. Some areas allow the same board members to be re-elected continuously with out changing (these little kingdoms are where the problems are the most evident).

    •Committees are another way to have your voice heard. The board is not always easy to be elected into you may find the process is similar to being a politician in local elections others are begging for ho

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    re allowed to serve. In most communities you are limited to 2 or 3 successive terms with half or a third of the board changing each year. Some areas allow the same board members to be re-elected continuously with out changing (these little kingdoms are where the problems are the most evident).

    •Committees are another way to have your voice heard. The board is not always easy to be elected into you may find the process is similar to being a politician in local elections others are begging for ho

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    where the problems are the most evident).

    •Committees are another way to have your voice heard. The board is not always easy to be elected into you may find the process is similar to being a politician in local elections others are begging for home owners to participate. HOA’s are always in need of committee members and leaders to help spread the work, with amenities such as pool, tennis courts, playgrounds, common areas, and social functions these all need committees and committee leaders. These are good places to get your foot in the door to have your voice heard and listened to in regards to how the community is handled.

    •Management companies can be the most helpful and useful to HOA’s. The better ones have experience in all areas of land, building, and amenities management and help direct the part time inexperienced board to knowledgeable decisions. When you are dealing with an inexperienced management company or a small one person manager the problems can get out of hand real fast. They normally don’t have the contractors support and are not available when you really need them. Also smaller operations don’t have the full time accounting departments to keep the books straight which can be dangerous if the board is not keeping tr

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