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There are several ways you can determine if a community is a good fit for you. Ensuring a condo community is efficiently overseen before deciding to invest in one can be very valuable. Below are 7 signs to look for when seeking a well-managed condo community.

  1. High Participation

A successful condo community will likely see high participation in meetings and community events from both board members and community members. Meetings will be held regularly for association members to participate. There will also be regular community and social events that allow members to build comradery and community with each other.

  1. Well Maintained Community Spaces

In a well-managed community, maintenance is completed regularly and reserve funds are set aside for emergencies. Common spaces are clean and available for use, and any closures for maintenance are effectively communicated to association members.

  1. Good Communication

Communication is key for a well-managed condo association. The board should have regular and timely communication with homeowners as well as the management company. This includes meeting notices, emergencies, closures, and community events. Click here to request a quote from Kiwi Condos and see what good communication is all about!

  1. Well-Educated Owners and Board

Members can easily find answers to their questions in a well-managed community. Board members and homeowners have easy access to education on HOA/COA laws as well as the governing documents, CC&Rs, and bylaws of the association.

  1. Strong Vendor Relationships

In a well-run condo association, vendor relationships are professional and reliable. Vendors are treated with respect, paid fairly, and contracts with vendors are detailed and specific. This allows work in the community to be done efficiently and benefits all parties.

  1. Clear, Consistently Enforced Rules

Although rules may not be everyone’s favorite, they are important for a well-managed association. Having rules that are clear and easy to understand help homeowners follow them and board members enforce them. An effectively managed association also creates a community of fairness by equally enforcing rules for all members.

  1. Transparent Financial Reporting

Finally, organized associations have organized finances. The Board of Directors of a well-managed condo association will be transparent and accurate with all association financials. Financial records should be easily accessible to homeowners and financial reports should be shared regularly. It is important for homeowners to know how their money is being used to better the community,

Want to learn more about Kiwi Condo Management and how we bring these 7 elements to your community? Request a free condo association management quote today to learn more!