If you live in an HOA, you most likely pay dues, or the correct term, ‘assessments’. Some Associations, like Townhomes or Condos, have monthly assessments; others have annual or quarterly assessments. For those of you who are new to community living, you are probably asking ‘I have a mortgage, why am I paying assessments too?’
Assessments, regardless of their frequency, are an important aspect to running a community effectively. Each community has their own set of expenses, which are paid by assessments, some of the common expenses are:
Diversified Association Management plays an important role in helping the Board of Directors manage the Association’s money according to the approved budget.
If you would like to obtain a full list of what is covered by your assessments, we recommend reviewing your Association’s current budget. You may also contact your Community Manager for a better understanding of your Assessments and how they help your community.
Thanks for Reading!
Diversified Association Management is delighted to announce our participation in the 2018 Hunger Games benefiting Care and Share Food Bank. The Hunger Games is a friendly competition among local HOA management companies to raise dollars, collect food and help spread the word about the unseen hunger and poverty issues that exist in Southern Colorado. With a mission to fight hunger and food insecurity, Care and Share helps provide millions of pounds of food to under-privileged families throughout 31 Southern Colorado counties. It's a fun, meaningful way to get involved!
Summer is an especially important time as kids are out of school and the holiday donating season has ended. More than 22 million children currently receive free or reduced-price meals through the National School Lunch and Breakfast Programs, yet many of those children, 4 out of every 5, will lose access to those meals as public schools close for the summer months. Summer Food drives are the first step to making sure kids have enough to eat during the summer months.
Diversified kicked-off the three-week long competition on May 1st. Through our grassroots involvement, our goal was to raise $1,000 which equates to 8,000 meals! After three weeks we are delighted to announce we have raised $1,673 and 158lbs of food, equaling an astounding 13,516 meals. Altogether we were able to collect enough food and dollars to provide 15,083 meals to families in Southern Colorado. A big thank you to all the HOA Management companies who contributed!
We hope that our participation will inspire a spirit of giving, and help us remain mindful of how these shared goals make a difference in the community.
Thanks for Reading!
Whether there are still piles of snow on the ground or you’re traipsing through a field full of flowers, Spring has officially arrived. The colors of Spring are certainly enough to lift one’s mood and puts some pep in your step. Although these colors are great in nature, they aren’t always as well received as house colors in many of the communities we manage.
Diversified Association Management recognizes the vital role that architectural control serves in an HOA. whether it’s a single-family, condominium or townhome association. Architectural control is a means for protecting property values within the community, as well as maintains the harmonious design that homeowners originally bought into. In other words, painting your home lime green or installing a shed that takes up your entire backyard may sound good to you – but may not be a good fit within the community.
It’s imperative to always gain prior approval to any exterior improvement or modification to your residence. This assures that any change that is made, be it exterior paint, shed installation, landscaping upgrades, etc. fall in line with the architectural guidelines of your homeowner’s association.
Rest assured your community manager at Diversified Association Management is here to assist you in this process. Give us a call and we will be more than happy to assist in the architectural process and ensure you are happy with your exterior improvement, and that it falls within your HOA’s guidelines as well!
Thanks for Reading!