No matter if you live in a single-family home, a luxury high-rise, a 55+ community, or a townhome, your community has its own unique culture, and lifestyle programming can help enhance it. Often called common-interest communities, these types of neighborhoods are becoming more popular among homebuyers. In fact, over 25% of homeowners now live in such communities, and 60% of new homes are being built in these settings. So, what makes these communities special, what benefits do they offer, and how can your manager or management company support a vibrant lifestyle?

Lifestyle communities often include one, or more of the following:

· Amenities :Swimming pools, gyms, tennis courts, sports courts, clubhouse facilities, workspaces, and entertainment areas.

· Activities: Recreational and social activities to help residents stay active and engaged.

· Clubs: Groups of residents that share a common interest or hobby.

· Events: Events and functions to gather residents together.

The Benefits of Lifestyle Shared Communities

· Financial: A buyer tends to get more house and incur less maintenance expense by living in a shared community.

· Access to People and Services: Homeowners can explore new hobbies, meet like-minded people, and prioritize their wellbeing.

· Security: Gated communities with on-site managers provide a sense of security and privacy.

· Better Quality of Life: Connectivity to neighbors fosters a sense of belonging and increased overall happiness.

· Enhanced Home Values: Active communities are more desired, which results in an increase in home values. Pride of ownership is also more evident when homeowners share common goals and love where they live.

How Can Your Management Company Support Lifestyle Living?

· Gather Ideas: Together with a committee or board, your manager can help define the common interests of the community. A survey to homeowners is a great way to determine what activities, projects, or events they are interested in.

· Make a Plan: Plan and budget for your event or project. Your manager can suggest funding solutions to ideas form as little as an event fee to a bank loan.

· Communicate: Your manager can communicate regularly with the homeowners to encourage participation and buy-in.

· Talk to your Community Management Company: Some management companies have Lifestyle Divisions employing specialized lifestyle professionals. These professionals have a deep understanding of HOAs and an understanding of how to improve homeowner-board communication and satisfaction.

Taylor Management Company has a Lifestyle Division that offers clients access to Lifestyle Directors. These directors can consult, assist, and connect clients with vetted event professionals across New Jersey.