Transcript of "HOA Management: The Five Most Significant Challenges Facing American Neighborhoods"
HOA ManagementThe Five Most Significant Challenges Facing American Neighborhoods
HOA Management• Board members must pay particular attention to pressing challenges facing homeowners today• Certain trends are having dramatic impact on communities• Greater diversity, evolving technology, faster pace, and other transformations all contribute to a less connected, distracted and more self- absorbed U.S. population
HOA Management• AAM conducted a in-depth research study, and unveiled information board members must consider in HOA management plans
HOA ManagementChallenge #1 Affecting HOA Management:The Traditional Stereotypes May No LongerHold True• According to the AAM study, today’s families still value home ownership• A New York Times and CBS News poll conducted in June 2011 found similar results• Approximately 90% said home ownership is important part of American dream, but 25% said their home was underwater. This dream turned into a nightmare
HOA ManagementChallenge #2 Affecting HOA Management:A More Diverse Population and LivingArrangements• March 2012 study conducted by New York Times and the Daily Beast, more than a million suburbanites nationwide are living below the poverty line compared to city dwellers
HOA ManagementChallenge #2 Affecting HOA Management:A More Diverse Population and LivingArrangements• Other demographic dynamics affect communities: new norms include multi- cultural families, unwed parents, foster families, divorced adults, diverse unions, adoption with no marriage, marrying after a baby, single parents and multi-generational homes - U.S. Census; USA Today, 2012; Parents.com
HOA ManagementChallenge #3 Affecting HOA Management:A Feeling of Greater Instability amongAmericans• Economy remains a top concern. October 2011 Reason Rupe opinion poll found 47% ranked jobs and unemployment as two main worries
HOA ManagementChallenge #4 Affecting HOA Management:More Americans Have Become Distractedand Disconnected• Technology has improved life, but it can cause people to be increasingly disconnected. When people are cut-off from each other, they are more likely to become dissatisfied with their lives
HOA ManagementChallenge #5 Affecting HOA Management:Neighborhood Relationships are Struggling• StateOfNeighbors.com study of July 27, 2011 found nationally 25% of Americans know most or all of their neighbors names• All findings on AAM’s research can be found on http://www.associatedasset.com/homeowner- association-management/5-most-significant- challenges-facing-american-neighborhoods
HOA Management• AAM works with many of the largest homebuilding and community development companies in the United States such as Del Webb/Pulte, Shea Homes and Meritage Homes• Founded in 1990, AAM employs 370 people and manages nearly 400 homeowners associations in the United States
HOA ManagementAbout the AuthorSusan Williams is Vice President, BusinessDevelopment and Marketing at AAMCommunity Management, one of Americasmost-respected Homeowner Association (HOA)management companies. Learn more aboutHOA Management by visitinghttp://www.AssociatedAsset.com/.
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