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Realistic Planning in Your HOA

Wise Property Solution

Updated: Jan 31


When the topic of developing a plan for your HOA comes up at your next board meeting, it might not get the warmest reception. Some members may feel that a detailed plan isn’t necessary and prefer to take things as they come. But don’t fall for that mindset; failing to plan is, in fact, planning to fail. According to this website, having a clear strategy for your goals, projects, and finances is key to building a thriving community.

Delaying action on important issues might seem easier in the short term, but it often makes those challenges even harder to tackle later. A solid plan allows your HOA board to:


  • Function consistently

  • Be proactive in scheduling projects

  • Schedule and anticipate recurring tasks

Realistic planning requires an honest assessment of the HOA’s current situation. Part of that evaluation means asking the following questions:

  • What are your HOA’s recorded documents and what do they say?

  • What is the financial condition of your HOA?

  • What is important to your community’s property owners?

  • What resources, i.e., staff and volunteers, are available to the HOA?

  • Have you identified a list of priorities, ideas and projects?

  • Have you allocated resources and prioritized projects accordingly?

Finally, the plan must be implemented and monitored; otherwise it will have no value. Developing a plan and then putting it on the backburner wastes everyone’s time and ultimately results in disappointment as expectations aren’t met.

If your HOA needs assistance with planning, Wise Property Solutions can offer helpful tips, guides, and other resources to aid throughout the process. Visit us at wisepropertysolutions.com.

*** Wise Property Solutions is East Tennessee’s only Accredited Association Management Company (AAMC®). As the region’s leader in community association management, the firm is committed to the industry’s best practices and continuing professional development. Wise Property Solutions’ certified and highly trained property managers empower well-organized and efficient communities. The firm maintains offices in both Knoxville and the Tri-Cities.

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