There’s a popular quote that says “don’t give up what you want most, for what you want now.” This is important to remember when making any decision. Many of us are quick to act. We live in a society that expects things now. Of course, there are times when decisions need to be made hastily and people need to act quickly. For example, certain maintenance issues need to be handled immediately so as to avoid long term issues or angry homeowners. However, there is also a time to think ahead. In fact, less immediate needs require it.
Thinking about the bigger, longer-term picture is key when you’re on an HOA board. An HOA board must consider the needs of the community, not just now but in the future. Board members need to take a strategic approach to important decisions. For example, it’s important you have an emergency plan in place in the event of a natural disaster.
To decide the best approach for your community you need to consider what your long term goals are. What exactly do you and the other board members hope to see within the community? What decisions can you make now to help you get where you want to be down the road?
One area that requires forethought and planning is your community’s finances. Is your community hoping to save up for a big purchase? If so, it may mean reducing the expenses now to save up for later. It’s also important you consider the way you communicate. Clear communication with community members boost morale and helps retain homeowners.
As a board member, you help make decisions that benefit the community as a whole. However, it can be tempting to look out only for yourself. We all have personal interests, but in a community setting, everyone else matters. It’s crucial you take your community members’ feedback and needs into account.
This forward-thinking approach doesn’t always come naturally, but it is a trait you need to adapt if you’re part of an HOA board. Thinking ahead helps board members be better prepared for emergency situations and assists in making positive decisions that will impact the community for years to come. Bottom line: it’s important you look at the big picture. The decisions you make now will have repercussions, so don’t be afraid to take a step back and thoroughly consider your options.
If you’re looking for help managing your HOA, please contact us: https://www.propertymanagementinc.com/. We’re here to help.
