New Year’s Resolutions for Condo Associations

Does your board make new year’s resolutions for itself? If not, 2015 could be the year to do so! Sure, you could simply call these “Annual Goals,” but they’re a little more fun to create and stick to under a different name, and if you come up with good ones, they could forever change the way your board operates. Below are some suggestions to consider.

Take a look at your community website and newsletter. Does the content or design need a facelift? Give your communications strategy a fresh look this year.

If you hold meetings without an agenda, 2015 is the year to create a formal one for each of your meetings. If you do create agendas, but ignore them once the meeting starts, now is the time to kick that bad habit. Agendas keep meetings efficient and on-task, and make attendees feel like their time is respected.

Do you have a formal maintenance plan for the equipment on your property or is your association more go-with-the-flow? Having a formal maintenance plan on paper is important. It should list all of your equipment, their most recent service date, and their next planned service date. It should also include names and numbers of the people who perform the maintenance and what they charge.

Create a good budget for 2015. Then create realistic goals that fit your budget. Make sure you have enough reserves that you can avoid special assessments.

We hope that the new year brings good things to you and the community you serve. Happy 2015!

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