What are the key characteristics of a high performing community?
From our observation and experience managing over 5,000 Owners Corporations nationally, there are many key characteristics.
Happy, harmonious, integrated communities. Are they for real or just strata unicorns?
They are real.
They are communities where meetings are held regularly with clear agendas. Owners attend and actively participate, providing genuine contributions for the benefit of their strata scheme.
In turn, owners receive timely, relevant information so they are equipped to make informed decisions about the management of their community.
They understand the importance of having healthy funds and they pay their levies on time, every time.
Committed committee members
Elected committee members happily accept their roles and have a clear understanding of what their role entails. They utilise their life and career knowledge and expertise to represent the best interest for all owners, all the time.
An experienced committee sets a realistic budget to fund the daily operations of the strata scheme and maintains a healthy bank balance to pay for any unexpected expenses.
Fair rules for all to follow
A functional, performing community will have clear and effective rules in place to avoid conflict and to create a harmonious environment. They will be reinforced when required for the greater benefit of all owners.
At Smarter Communities, we bring our extensive experience to help Owners Corporations encourage a high performing community. When a community is thriving, demand will go up, supporting value, and that’s good for all owners.