Protecting property values is what our Association is all about
One of the biggest advantages of living in a common-interest development like Somersett is the ability of the Association to preserve, protect and enhance property values.
Often, we think of the SOA as a collection of rules and regulations limiting personal freedoms and individuality. But it is those same rules and regulations that protect the investment each of us has in our home. If you dust off your copy of the CC&Rs and reread them, you will see that the Board of Directors has a pretty precise blueprint on how to protect your investment.
But first and foremost, our Association is not just made up of the Board, committees and a few interested owners. It was established as a corporation in which ALL owners are members. What that means is that, as an owner, you have committed yourself to become business partners with every other owner in the community. But in order to achieve the primary goal of the Association (to preserve, protect and enhance property values) certain covenants, conditions and restrictions had to be established in order to achieve that goal. In those CC&Rs, the Board is given the authority to establish Rules & Regulations that complement the Association’s purpose. When we follow the CC&Rs and the Rules & Regulations, we are doing part of our duty as members of the Association.
Architectural guidelines and procedures for gaining architectural approval were established in order to promote aesthetic conformity and eliminate architectural changes that threaten the investment other members have in the Association. By following the architectural guidelines and obtaining approval from the Association before any exterior architectural changes are made, we are doing part of our duty as members of the Association.
Our Board of Directors is given the charge of overseeing the operations of the Association and to see to it that the CC&Rs and Rules & Regulations are followed by the Association’s members. The Board is made up of owners who volunteer their time and energy to serve the Association because they care about the investment they have in it.
Committees are formed to assist the Board with their charge. These committees are made up of volunteer owners. When you volunteer to serve on the Board of Directors, or you volunteer to serve on a committee, you are doing part of your duty as a member of the Association.
Monthly assessments are necessary to protect and maintain our community assets and to help provide professional management to assist our community. When owners fail to pay their assessment on time, the Association is unable to meet all of its financial obligations. When you pay your assessment on time, you are doing part of your duty as a member of the Association.
Finally, the Board of Directors meets on a regular basis in order to make decisions, keep up-to-date on Association business and to hear from other owners to help them make proactive business decisions. As owners, keeping abreast of association matters and contributing during the Homeowner Comments section of the Board meeting is only good business. When you choose to attend the Board meetings, you are doing part of your duty as a member of the Association.