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Kuester Management Group Reflects on Tasks for HOAs to Wrap Up the Year
Kuester Management Group highlights activities for the HOA to engage in before the year ends to prepare for the new year.
By: Kuester Management Group
"A meaningful activity that homeowners will appreciate is to provide a year in review newsletter that highlights the wonderful things the HOA has done and achieved throughout the year," says Bryan Kuester, President of Kuester Management Group. "Showcase major projects that have been completed and fun community celebrations. Take a moment to thank homeowners for their continued support and participation and encourage them to get involved next year."
From a business perspective, the HOA should work on closing out the books and organizing its financials in preparation for tax season, says Kuester. Don't forget to send out any required annual disclosures before December 31st and finalize the budget for the upcoming year.
The board should also review any upcoming projects or events and make sure that appropriate funds, resources, and contracts are in place to prevent delays. The end of the year can also be a great time to plan ahead for improvements or projects that the board would like to undertake in the future. Ask for homeowner input on any changes they would like to see and keep them informed about any plans.
"The board may also want to set its own resolutions for 2023," says Kuester. "Does it want to send out a community newsletter more consistently?
Kuester Management Group is proud to partner with HOAs throughout the Carolinas and provide a wide range of services and support to help communities thrive and operate more effectively. Start the new year off on the right foot by working with an experienced HOA professional.
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.
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