Homeowner’s Association Property Maintenance – It’s Not Buy it and Forget it
People work hard throughout their lives with a particular goal in mind. Some want their every desire fulfilled which they could not while they were young. Some want to travel the world and enjoy different cultures. Some want to fulfill their craze of cars that they have had since they were children. Some want to spend their lives peacefully with their loved ones in a house they always dreamt of buying.
The thing about buying a house, however, is that it’s not like once you buy a house, you are done with it. You have to keep it maintained, repaired and clean. This doesn’t just apply to single properties, but also other commercial properties as well.
This is not an easy task, as many people find out with their first experience of home ownership. If you are also one of those individuals who want their property properly managed and maintained but prefer NOT to the job yourself, then a community with a Homeowners Association (HOA) is a good fit for you.
There are many responsibilities that HOA’s do for you to maintain your property, including lawn maintenance, shrub trimming, power washing, concrete repair, street and parking lot cleaning, and possibly many other tasks.
When you put HOA in charge of maintaining your properties, there are some established rules that resident need to follow. Not respecting these rules could lead to fines which the violator will have to pay.
Property Maintenance – Who is Responsible for What?
The scope and extent of responsibility for property maintenance adopted by a HOA can be influenced by the type of real estate ownership established in the community. There are three basic types of ownership for communities who establish a HOA:
In this type of ownership, the homeowners own the structure and property. Some communities establish a HOA to maintain any common elements such as playgrounds, storm drain basins or landscaped entries, however in the majority of fee simple communities, the homeowner is generally responsible for doing the property maintenance work on his or her own home.
In this type of ownership, the land is owned in partnership with others who live in the homes on the property. The owner of the structure is the homeowner. When it comes to property maintenance responsibilities, they are distributed between the HOA and the individual property owners. The HOA is usually responsible for exterior property maintenance, and the homeowners are generally responsible for the structure. The property maintenance responsibilities do vary significantly in these communities.
The property in this type of ownership is owned by a corporation. If you buy such a property, you are actually buying shares of the corporation. The residents are generally free of maintenance responsibilities in this type of ownership.
Property Maintenance – Making the Right Decision
The aim of mentioning the types of ownership is to help you understand the responsibilities of maintaining a property, whether it is your personal, or a business property. If maintaining a property is not something you want to do, you can partner with an experienced property maintenance company who will:
- Save time – Finding someone who could care for all the needs of your property can be a tiring task. You will either find someone who can repair concrete and not trim bushes, or someone who can trim bushes and not repair concrete. Instead of wasting time searching for people who perform different tasks, the Home Owners Association (HOA) will contract and manage all of these responsibilities.
- Reduce Stress – Maintaining a property can be stressful. Some people can hardly maintain one house, maintaining several is way over their heads. So instead of stressing about how you will handle the maintenance of several properties, let a HOA do its job.
- Save Money – One of the top reasons for living in a community with a HOA is that you will be able to save money. Think about it yourself. If you hire different people for each property maintenance task, you end up spending more money. Instead, hire one company that does all the tasks, in a much lesser amount.
Property Maintenance – Finding a Trusted Partner?
Are you involved with a Homeowners Association Board? Do you need a trusted partner to help with property management responsibilities?
C & L Services is a third generation family owned property maintenance company. We have been providing property maintenance services to real estate developers, commercial property owners and communities in New Jersey for over forty years.
We can give your property the attention needs and keep your residents happy.
If you’re in North Jersey, Contact us at 908-730-7884. If you’re in Central New Jersey call us at 732-886-1940 to arrange for HOA property maintenance.