The N.C. General Assembly’s House Select Committee on Homeowners’ Associations has concluded its series of public meetings across the state and has issued its interim report.
The purchase of a home represents the largest investment most people will make during their lifetime. Protecting and enhancing the property values of these investments is one of the primary purposes of a community association – and a key driver of Community Association Management’s service and programs.
Property values in a neighborhood can be greatly affected by the marketability of the individual homes and the community as a whole. A well maintained community can develop a reputation for providing vital and efficient services for its residents who in turn enjoy and show pride in their neighborhood. As a result, these communities often achieve greater appreciation in property values than others. In most cases, these positive reputations can be attributed to good management.
The North Carolina General Assembly will reconvene for the 2010 Session of the 2009 General Assembly (the “Short Session”) at 12:00 noon on Wednesday, May 12, 2010. It is likely that House Bill 762 titled the North Carolina Community Association Managers Licensure Act, which was filed in the 2009 Session, will be considered.