1) Governed by Neighbors: Quote: Volunteer leaders are accountable to the neighbors who elect them. That’s only true in certain associations where Board omnipotence and homeowner complacency has not taken hold.
2) Managed by Professionals: A significant portion of the 355,000+ common interest communities (CICs) in the United States, especially those that are 20 units or less, are not managed by a third party firm. To wit: 43% of condominiums in Seattle are 10 units or less. Even in managed communities, homeowners are constantly flummoxed by the actions and advice (and lack thereof) of their manager and management company. This is the reason for writing Great Expectations! and creating tools like the CIC Governance Matrix.
3) Protect Property Values:- Have you ever seen a study (even a questionable one) proving the relationship between CC&Rs and property values in similarly situated neighborhoods? If you know of such a study, please share it!