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| by Seth Emmer, Esq. | ||
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With
the continuation of our strong real estate market, it is easy enough for
boards and managers to focus on other issues besides adding value to an
association. However, such
a period is likely a perfect time to focus on such a concept.
Prices are rising, people are buying and selling.
Thus, marketing can feed on this positive climate. First
and foremost, the issue of curb appeal has traditionally been of
relevance. Boards and
managers have an obligation to ensure, within budgetary constraints,
that the property is maintained in an attractive manner. Remember,
part of the reason many bought in a particular complex was that someone
made the effort to point out the unique qualities of that association -
it had a pool, an exercise room, tennis courts, etc.
Those features remain. Why
not capitalize on them by producing promotional materials showing owners
using and enjoying them? Why
not have materials showing the association's social events - the annual
Christmas Party or the 4th of July picnic? The concept of community associations is that there is more than just a bunch of houses in a subdivision. Rather, there is a "community" that has unique features. Boards and managers can well serve those communities by facilitating the production of appropriate marketing materials, which are then available for owner's use and which can be distributed to brokers in the area. These can also be used by the association itself when approaching banks for capital loans or in interacting with local government. The development of such a marketing brochure presents a unique opportunity for a savvy community to proactively distinguish itself from its piers and affords a board or manager with an opportunity to step beyond just physical and financial management.
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Marcus, Errico, Emmer & Brooks, P.C. |
| 45 Braintree Hill Office Park, Braintree, MA 02184 |
| Telephone: (781) 843-5000 Fax: (781) 843-1529 |
| E-mail: law@meeb.com |