When it comes to the purpose of your HOA and what you’re trying to achieve, it’s important to have it laid out clearly so everyone is on the same page. That’s why rules and regulations are crucial for HOA Board members and residents to know and understand.
In addition, clearly defining your mission and vision statements are both critical factors in the overall goal of your HOA. Let’s discuss their differences and why your HOA should have both.
Mission Statements vs. Vision Statements
In order to have a successful and thriving HOA community, you should know the ins and outs of your HOA and where you see the HOA going in the future. While you might think your mission and vision statements are the same, they differ in time frames.
Mission statements are about the present and things currently going on in your HOA, while vision statements are all about the future and long-term goals. Both are equally important for the well-being of your HOA, but it’s important to understand the difference.
Creating A Mission Statement
The main purpose of your mission statement is to explain the purpose of the HOA and why it exists. To help create your mission statement, here are a few questions you should ask yourself/your Board members:
- Who is our target audience?
- What is important to our HOA and residents?
- What are the goals of our HOA?
- How will we contribute to our HOA to achieve these goals?
Creating A Vision Statement
Your vision statement looks towards the future regarding long-term goals and what you want your HOA to look like down the road. Strategic planning and small goals could add up to big things for your HOA. To help create your vision statement, here are a few questions you should ask yourself/your Board members:
- Where do we see our HOA in the future?
- What problems are we trying to solve?
- What goals are we looking to achieve within our HOA?
- What can we do now to achieve these goals?
Mission and vision statements are both important items that contribute to your HOA’s overall goals, vision, and success. If you need help clearly defining your mission and vision statements, call us at 512-676-5842. We’d be happy to talk to you about who we are, the services we offer, and our process.