Updated: Sep 28, 2022
Buildings are like people…
New buildings are usually very healthy and don’t require much maintenance and repair.
As buildings get older, more and more components wear out and break and keeping a building healthy is a lot more effort.
Unfortunately, older buildings usually didn’t save enough when they were young to pay for expensive repairs.
If your building is already older, it’s better to have an Association Manager with experience managing older HOAs. They should be better equipped to help your HOA navigate the challenges that come with older buildings that didn’t plan well.
If your building is still young but your Association Manager only has experience managing younger HOAs, you may want to consider replacing them with an Association Manager that has experience with older buildings.
Find out the average age of HOAs for your Association Manager here: