For many years, the Community Association Institute and the Foundation for Community Association Research gathered and published credible data about the common interest of communities.
These non-profit organizations provide insightful, accurate, and timely community-related information and statistics. The findings help serve the better interest of homeowners, community managers, developers, and other stakeholders, thus, increasing their trust and satisfaction in their communities.
Below, we highlighted some of the important statistics on community associations that make a difference.
Association Experience and Effective Board Leadership
About 85% of the residents gave positive ratings with their overall experience living in a community association. Among them, 63% shared positive experiences with the board’s efficiency, while 22% of the residents are on the neutral side.
In terms of friendliness, most residents are satisfied with their relationship with the association board. This was implied by the 81% who claimed friendly terms with the board.
Another data showed that members of the elected governing board strived hard to serve the best interest of the communities based on the 84% approval rating.
Association Assets: Community Managers
Their community managers also provided value and the needed support to both the residents and the associations. This is relatively supported by the 73% ratings given by the residents.
Meanwhile, 81% of the residents are happy with the direct interaction they experienced with the community managers. Most of them even said that it was truly a positive experience.
Assessments: Acceptable Amounts
Considering the number of overall assessments being paid for the services provided by the association, 60% of the residents felt that the association assessments are just on the right amount.
Any neglect to pay the assessments is subject to action such as insisting every homeowner pay the assessment and involving only the services of attorneys if there are any delinquent accounts. Curtailing the services and amenities such as reducing the use of amenities and delaying the improvements can also be considered.
Association Governance: Under the Right Control
Primarily, the governance of the community associations is subject to the different state laws. With the data gathered, 80% of the residents are already satisfied and do not prefer any changes to the government control within their associations.
Also, most homeowners are satisfied with the association’s rules to protect and enhance the values of their properties. The data showed 62% on the positive side, 28% on the neutral side, and only 4% on the not so agreeable on the rules implemented.
Homeowners Association Data: What It Tells About Your Community
Overall, these data objectively contradict the unsubstantiated myth that community associations are failing to serve the best interests of American homeowners who decide to settle in common-interest communities.
Americans living in homeowners associations and condominiums are overwhelmingly satisfied with their communities.
The data gathered in the past years are almost identical and strikingly consistent. These only proved rare margins for errors among these demographically representative surveys.
The homeowners association data and statistics are making an impact on how the world works. We hope that the facts we presented can give you an overview of where your community stands, the functional processes involved, as well as the rooms for improvement depending on the community approach.