Kuester Management Group Shares Tips for Strategic Planning the HOA

CHARLOTTE, N.C. - May 17, 2024 - PRLog -- Running an HOA means not only maintaining existing operations and amenities, but also planning for improvements and upgrades. As the needs and interests of the community evolve, so should the board's goals and plans. Kuester Management Group has released a statement to the press regarding ways to improve strategic planning and promote the long-term success of the association.

"The board should sit down and assess where the HOA is now, and where it wants to be one, three, five, or ten years down the road," says Bryan Kuester, President of Kuester Management Group. "Engage homeowners and find out what changes they would like to see moving forward. What can the association do to help them get more enjoyment and use out of the neighborhood?"

While it's nice to dream big, the board should also keep in mind the feasibility of proposed plans and whether they're realistic, says Kuester. Break projects down to evaluate costs, materials, labor, resources, timelines, impact on homeowners, and other factors. Also, what will the long-term return on investment be?

The board should also prioritize projects. What are the "nice to haves" versus the "must haves"? What needs to be done now versus what can wait for a few years? Reviewing the association's most recent reserve study can also help with planning by looking at what amenities will need repair or replacement, when, and what the anticipated costs will be.

"As the HOA becomes more established and times change, it's important to focus on what is most important and how to best support the association's future," says Kuester. "Homeowners, the board, and the HOA management company should all work together to develop short- and long-term plans to create a more enjoyable community and use funds effectively."

Kuester Management Group assists HOA boards across North and South Carolina in developing strategic plans, managing projects, and optimizing operations. Learn more about the company and its services by visiting www.kuester.com.

ABOUT:

Kuester Management Group, a division of Kuester Companies, works to protect property values and enhance the quality of life in each of its managed communities. Providing a full range of association management services, Kuester Management Group has worked to foster strong, resilient, and unified communities across North and South Carolina. The company is proud to offer on-site property managers, all zealous for building strong communities meant to stand the test of time. More information is available at www.kuester.com or @KuesterCompany.