Below you’ll find ten separate measures that are used to determine the current health and stability of your California homeowners association. Not only is it a great “self-evaluation” tool for those on the board but if confidentially evaluated by each resident it’s a great way to get an honest gauge on how the homeowners association is doing.
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Simply read through each number and score the association on a scale from one to ten. The end result should help guide the board and association into an improved direction. Good luck!
- The association does a great job managing the entire community according to the covenants, conditions, and restrictions (CC&R’s).
- The association maintains a very consistent and effective leadership role through qualified personnel by means of proper and fair elections.
- The association holds regular meetings with agendas according the most important needs the HOA has at that particular time.
- The association takes precautionary measures to keep crime related incidents in the community to a minimum.
- The association provides monthly financial statement reports that follow budgets and keep assessments to a bare minimum.
- The association keeps an adequate amount in reserve for emergencies and rare assessments.
- The association maintains a competitively priced HOA insurance coverage without a lapse.
- The association regularly conducts on-site inspections of every unit to insure proper compliance which is enforced with a fair written notice, and fines if need be.
- The association has a maintenance schedule for common areas that need it (roof repair/replacement, gutter cleaning, landscaping, power washing, etc).
- The association does it’s best to keep the community informed of new rules and CC&R’s through its website, email subscriptions, newsletters, etc.
When was the last time your homeowners association got a free quote on its insurance package? Get in touch with one of our California HOA Insurance specialists today!