Why should Condominium Associations and HOAs develop a Strategic Plan?
Board members and property managers get caught up in the day-to-day property maintenance activities and the unexpected events that monopolize their time. Many decisions addressing the needs and concerns of the community are made on the spur of the moment without consideration for their longer-term implications. Rarely are decisions considered within an overall framework or strategy that ensures consistency while targeting an overall preferred future state. As an Association transitions from one board to another, a new set of agendas are brought forward, oftentimes without considering prior board objectives and directions. All associations should consider the longer-term needs of the…