Review association's files, books and records. Review potential management contracts. Review existing and potential service provider contracts. Maintaining architectural standards are critical since they directly impact market values if let slide. There is a conflict of interest between the developer and the homeowners.
Developers often impose minimal architectural restrictions to encourage sales.
The homeowner association's long term interests are to maintain market value of the homes. The way to do that is to formulate a comprehensive policy. Review the existing policies, procedures, rules and regulations established by the developer. Devise new rules, regulations, standards and enforcement procedures as needed. Review the association's reserve fund status.