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While exclusive communities like the Hamptons or Malibu will always be attractive locations for affluent vacation home buyers, several new trends are emerging in the growing second home market.

FirstService Residential's Bill Worrall discusses the hidden costs of DIY maintenance and repairs and provides great insight into how boards can determine what can be done in house and what should be subbed out to appropriate contractors.

Many HOAs and community associations would like to save energy and energy spending, but they think that putting an energy management plan into place for their multifamily property is difficult to accomplish. FS Energy's Chris Normandeau explains some basic, easy-to-do steps that can make a real impact on an association's energy usage and budget.

In our guide to capital improvements , reserve studies and their relationship to capital improvements and preventive maintenance were discussed at length.

Your reserve fund is what helps your association anticipate its future– and budget for it, too. This fund gives you the power to maintain the quality of your community by allowing for projects that are both necessary and expensive (like a future roofing or paving project, for instance).

2014 was a year of change for a lot of associations. And in many ways, 2015 promises to be no different – especially when it comes to the types of amenities that will be offered by communities.

It’s the scourge of households everywhere: the unsightly, unsanitary, unbecoming sight of mold. But waging war on mold means more than launching a full-scale assault when you see it (though that can be part of the battle plan). Instead, consider a comprehensive strategy – here are some tips to help you get started and steer clear of mold.

In this article, we delve into the significance of energy conservation within community associations, exploring its benefits and strategies for effective implementation.

So what can condo boards or community associations do to mitigate or even reduce costs this winter? Let’s start with what you can do in the summer and fall, before winter actually begins. This includes cleaning, tuning and performing any necessary repairs to heating systems, furnaces and boilers to make sure they won’t be working longer, harder or less efficiently than they should. Other pre-winter tasks include cleaning gutters to remove leaves and debris to ensure water can flow freely. Otherwise, water can become trapped and freeze, which can not only damage your property’s gutters, but also cause ice dams and possible roof leaks.

Enhance your community by putting more play in your community - learn more about how to put a park or playground in your neighborhood.

No longer the products of science fiction fantasy, electric cars are now a reality of everyday life. While the reduced emissions of personal electric vehicles, or PEVs, are good news for the environment, their charging requirements may create challenges for condo associations trying to navigate their infrastructure requirements, legal implications, management concerns and even aesthetic considerations.

Aside from knowing to not park next to one, how deep is your knowledge of fire hydrants? Unless you’re a firefighter, it’s probably not that extensive. This may not be a problem... until the unthinkable happens and you need to be confident that your fire hydrants are in good working order. But like any equipment in your community, fire hydrants need to be maintained.

It’s that time of year again – budget season is upon us. You know the steps to creating your budget, but what drives your process?

If you’re on the board of a condo, co-op, high-rise or HOA, you know that managing your community’s budget is a major priority. You’ve likely explored many ways to save money and get the best deals, while still maintaining a high level of service.

Unless you live in an area where it hardly ever rains (in which case you have a whole other set of problems), drainage will be an issue in your community. Proper drainage is, of course, the answer, but getting there means you have to meet stringent requirements throughout different areas of your community.

Many multifamily properties and high-rises want to implement “green” living practices and create eco-friendly communities, but not everyone knows where nor how to get started. Here are some effective and easy tips to help you be proactive and successful in achieving your sustainability goals. Read on for a list of programs and services that can be put in place in your community at little to no cost.

We’ve got the scoop on how to get a mortgage loan, so read on for our top six tips to increase your chances.

It’s that time of year again – there’s a noticeable nip in the air, trees are losing their leaves and stores are starting to display their holiday swag. That can only mean one thing – winter is right around the corner. If your HOA is located in an area affected by wintry weather, we probably don’t need to remind you about last year’s Arctic-level freeze. Some of the coldest-ever temperatures were recorded in many parts of the country – and if you heed the predictions in the Old Farmer’s Almanac , you know that this year promises to be even more frigid. Is your community prepared to handle the upcoming chill? Here are some tips to help your homeowners association winterize your community, no matter what surprises the season may bring.

Is your homeowners association considering starting a recycling program for your community? If so, bravo! Take a look at some of the benefits: conserving energy, saving water, preserving resources, reducing air pollution and saving landfill space. And did you know that in addition to helping the environment, recycling can also provide economic benefits as well? To get you started, here are some tips and considerations to help your association plan and implement a successful recycling program for your community.

Enhancing the marketability of your high-rise property requires starting at the top – the rooftop, that is. By leveraging this space to offer creative and imaginative amenities, you’ll not only increase property values, but you’ll also provide a gathering place for residents to relax and connect. Great rooftop spaces also have a way of infusing more resort style living into your high-rise.

Amenities continue to rank among one of the most important considerations for prospective buyers at both active adult and multi-generational lifestyle communities across the country. Amenities are highly influential in motivating a homebuyer’s decision about where they ultimately choose to live and also contribute to the overall level of satisfaction among current homeowners. Communities that fall short in meeting buyer expectations or that fail to plan amenities around consumer interests can be negatively impacted in terms of sales, referrals, profitability and reputation of their brand. Homeowner associations, tasked with planning for new amenities and implementation of supporting programming, will have influence on these important variables.

Improving your building’s energy efficiency is good for your budget and for your property values. Getting a professional energy audit is a crucial step on the road toward energy efficiency. It can tell you which upgrades make the most sense for your property and show you potential energy and cost savings.

No matter where your high-rise building is located, rising energy costs can have a drastic impact on your community association’s budget. Implementing methods to conserve energy can help your association reduce energy costs and optimize your high-rise’s annual budget.

Congratulations! You just bought a new home and it’s perfect for your family – just the right size, condition, location and neighborhood to meet your needs. Your new home is part of a homeowners’ association (HOA), which means you will pay HOA fees. What is an HOA fee? What do they pay for?