buying your first home - what you should know

Need To Reestablish An HOA In Your Older Neighborhood? Get It Started With These Tips

Do you live in an older neighborhood that used to have a homeowner's association, but is disassembled and now there are things that need to be fixed? Do many of the neighbors agree that they would rather pay a small fee to have a company manage the things that need work around the neighborhood?

 If so, it's time to talk with a homeowner's association company to see if they would be willing to manage your neighborhood. Here are a few of the things you want to do to get the task started.

Poll the Neighbors

Go door to door and poll the neighbors to see how many people want a homeowner's association, and what they are willing to pay annually to have one. You also want to ask what things they want to see changed and what they want maintained around the neighborhood, so you know what their expectations will be for the company. This can help you determine if it's worth digging into finding a company or not.

Get Quotes from Companies

Talk with more than one homeowner's association management company to see what they would require from everyone to get started. Find out what they would want the annual fees to be based on the amount of houses in your neighborhood and what your expectations are, and what they can offer. Some may have packages and incentive programs to consider, like getting city services managed, like trash removal, while other associations will regulate what can be added to the properties in the area.  Once you have documented quotes and lists of details, you can get back in touch with the neighbors.

Take a Vote

Have a meeting and ask that a person from each household come, and let everyone have a vote. Find out how many people want to have the management company, what they want to pay, and when they want to have it go into effect. If the majority of the neighborhood has an interest in reestablishing the homeowner's association, you'll want to get contracts. You may have to vote more than once to choose the company you want.

The contracts will commit everyone to paying the homeowner's association fees, and the company you choose can also document what they plan to take care of in the agreement, and how they are going to manage things for the neighborhood moving forward. If you want the neighborhood to be cared for and everyone is sick of the area depreciating in value, get an HOA company involved so you know everything is going to be maintained and improved. Contact a business, such as The Noble Company of South Carolina, LLC, for more information.