Technology is moving fast, and communities that adapt are seeing higher property values and happier residents. From energy efficiency to enhanced security, here is where the industry is heading.
The Internet of Things (IoT) is making communities more efficient. Smart streetlights that dim when no one is around, and connected irrigation systems that utilize real-time weather data, can significantly reduce utility bills.
While the initial investment can be steep, the long-term savings are undeniable. As discussed in Planning Your Community Budget, allocating funds for these capital improvements can prevent future special assessments driven by rising energy costs.
Key fobs and metal keys are swiftly being replaced by mobile credentials. Residents can grant temporary access to guests, dog walkers, or service providers directly from their smartphones. This not only enhances convenience but creates a digital trail that improves security.
Modern HOAs are using data analytics to predict maintenance needs. By analyzing usage patterns of amenities like the pool or clubhouse, boards can optimize cleaning schedules and staffing.
This level of insight allows for the kind of proactive management we advocate for in 5 Tips for Efficient HOA Management. Instead of guessing when equipment might fail, data helps you replace it before it becomes an emergency.
As electric vehicles become mainstream, residents are increasingly requesting charging infrastructure. Forward-thinking communities are installing shared charging stations or establishing clear guidelines for personal installation.
This is a complex issue involving electrical capacity and parking rights. It is vital to consult your governing documents, as outlined in Understanding Your Community Bylaws, to determine who pays for the installation and the electricity used.