Residential Estate Industry Journal 4 - Page 20

RESIDENTIAL COMMUNITY REVIEWS PAGE 18 financial provisions necessary to making any ownership, irrespective of any personal sporting such ownership effective and prescribed on a or recreational choices and individual interests. secure legal footing, as this ownership would On the need to develop a total and inclusive require the use of HOA funds. sense of community, Pecanwood’s HOA’s CEO In broader terms, it has been argued perennially that there are three pillars which underpin a successful residential estate, and these are security, facilities and community. In respect of security, Pecanwood has embarked on a revision of its relationship with service providers. This change will have the potential to offer enhanced levels of surveillance, while removing much of the capital cost to the HOA’s budget associated with this key element. Facility upgrades, outside of those projects directly affecting the golf course, have been initiated and/or completed, so as to ensure that the core lifestyle attributes that Pecanwood offers to its homeowners have either been enhanced or extended. Finally, in terms of continuing to develop and nurture a sense of community, perhaps the most difficult element to capture effectively at any estate, the HOA’s most important goal has been to imbue a new sense of total ownership by individual residents of every aspect and facility that makes up Pecanwood. The intention with this approach is that the HOA wants to create a broader sense of communal unity and dilute the parochial senses of ownership which only relate to interest in specific facilities or matters. This will mean that while the estate will continue to offer a range of activities and events that cater to the eclectic and varied tastes of its residents, it will be overarched by the sense of total Francois Schoeman comments that “No man is an island, entire of itself; every man is a piece of the continent, a part of the main. “I feel that John Donne’s eloquent poetry sums up exactly what makes a community work, and that in an estate the residents cannot expect to stand by and watch as major assets adjacent to other people’s single biggest investment deteriorate without being an active participant in developing a solution. If they think that changing or adjusting to this reality is difficult, then they will struggle with the results of their inaction, as this will be much more detrimental and have far more negative long-term consequences,” he concludes.