Contact

5 Common Homeowner Association Problems

  • Nov 24, 2022
  • Real Estate
Common Homeowner Association Problems

As Homeowner Associations continue to expand within the U.S., the more need for HOA volunteers and board members will rise. Considering that
most board members are strictly volunteers, the job itself can be rewarding, yet extremely challenging at times. Like any business, the HOA board
of directors is organized with people of all backgrounds and philosophies. No board is alike and each one brings great value to their community. Without formal training, HOA boards can create great difficulty in keeping their community organized. It's the HOA board's responsibility to either
thrive or survive — more importantly, it’s how they handle the challenge that makes the most difference.

Here are five common Homeowner Association problems and how to address them:

  1. Maintaining Property Value: Real estate can be unpredictable. Oftentimes, HOAs have a hard time keeping up with the value of their community. One way to combat this problem is by staying on top of regular maintenance such as repainting structures and cleaning common areas regularly. This will show potential homeowners that the property is well cared for and can help to increase the overall value.
     
  2. Common Areas: Due to COVID-19, many HOAs have had to update their rules and regulations regarding common areas. It is important for members to stay up-to-date with their community newsfeed so that they do not receive complaints from other residents.
     
  3. Financial Issues: Oftentimes, HOA boards can fear the opinions of their community members when it comes to financials and dues. While raising dues may be necessary to meet budget requirements, it is important for board members to explain why this increase will benefit the community in a clear and concise manner. This will help alleviate any potential complaints or misunderstandings.
     
  4. Communication: Communication is key when it comes to effectively running an HOA. Board members should be sure to send out communication updates regularly so that all HOA members are on the same page regarding any upcoming projects, rules and regulations, financial issues, etc.
     
  5. HOA Rights & Violations: Knowing what rights and violations are in place is important for both board members and homeowners. In general, it is not often that an HOA member will receive a violation. However, if one does occur, it is the responsibility of the HOA to ensure that all rights are being respected and any violations are handled properly and efficiently.

In conclusion, Homeowner Associations can have many challenges along with their benefits. By staying on top of common problems such as
maintaining property value, managing common areas, handling financial issues responsibly, communicating effectively, and understanding HOA
rights & violations – HOAs can remain successful in keeping up with the needs of their community members.

Hello! I'm Jay Thomas, a REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building
businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!

Hello! I'm Jay Thomas, A REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!

Related Blog

Investing in commercial real estate
6 Things To Know About Investing In Commercial Real Estate
  • Dec 08, 2022
  • Real Estate

Are you looking to get your feet wet with investment in commercial real estate? Get a good introduction to some of the less obvious aspects of investing in commercial real estate (such as the impor...

read more
Houston Real Estate Market forecast
The Houston Real Estate Market: Current Trends and Forecasts
  • Dec 05, 2022
  • Real Estate

In this article, we will discuss some of the best neighborhoods in Houston to purchase a house or investment property. We'll also take a look at current trends and forecasts for the Houston real es...

read more
Buying a home in richmond houston
Know How to Buy a House in Richmond, Texas in 8 Steps
  • Dec 02, 2022
  • Real Estate

If you’re looking for a residence in Richmond, now is the time to do it! But before you start your search, let's follow a quick guide before buying a home in Houston....

read more
real estate business plan
How to Write a Real Estate Business Plan that Sells
  • Nov 30, 2022
  • Real Estate

In this blog post, we'll discuss the key components of a successful real estate business plan and how it can help you reach new heights in your career. So what are you waiting for? Start writing yo...

read more
Houston Real Estate Market
Houston Real Estate Market is Booming – Here’s Why You Should Invest
  • Nov 30, 2022
  • Real Estate

Whether you're looking for a family home or an investment property, Houston has something to offer. In this blog post, we'll take a closer look at the Houston real estate market and why it's such a...

read more
real estate investing
Real Estate Investing in Houston TX - The Ultimate Guide
  • Nov 30, 2022
  • Real Estate

If you're ready to get started with Real Estate Investing in Houston, this guide will provide you with the necessary information and resources to take your investment to the next level....

read more