How to find the best neighborhoods in Frisco, Texas.
If you are looking to buy a home in Frisco, Texas, you may have noticed signs posted in some neighborhoods touting a red banner with five white stars. We have many prospective homebuyers who want to know what this sign means – and how it translates into better value when buying a home.
What is a five-star neighborhood designation?
The Five Star Neighborhood Program was developed by Frisco city officials to recognize neighborhoods with exceptional HOAs (Home Owners Associations) committed to developing and maintaining high-quality neighborhoods.
To achieve a Five Star Neighborhood status, the neighborhood HOA must meet specific requirements to show the HOA is promoting effective communication, management, and community involvement. The requirements are based on the following cornerstone elements:
- Board of Directors
The HOA must demonstrate they have a process in place to effectively recruit and develop board members, provide effective meeting reporting, and show a firm policy of enforcement regarding the HOAs covenants, conditions, and restrictions (CC&Rs), articles of incorporation, and by-laws.
- Financial Health
The HOA must demonstrate a strong fiscal policy, which includes strategic planning, funding, and audits.
- City Connection
To qualify for a Five Star Neighborhood distinction, HOAs should share information with their members regarding city initiatives such as water conservation, irrigation checks, permitting, and criminal deterrence programs made available through the City of Frisco.
For those professionally managed HOAs, this requirement helps ensure the property management company is adequately trained and acts within the requirements for such things as penalties, late fees, and foreclosures.
The communication clause of the Five Star Neighborhood Program helps ensure HOA organizations communicate effectively to the members and city staff. Specific components include effective communication through an RFP process for significant projects, distribution of HOA contact lists, and HOA newsletters made available.
- Community Involvement
HOAs should consistently and frequently promote social engagement within the neighborhood and participation in the City of Frisco sponsored events.
What is the value of living in a five-star neighborhood?
Frisco neighborhoods that achieve a Five-Star designation exceed the usual standards of HOAs to promote community engagement, as well as strengthen the relationship between the City and its neighborhoods.
So, not only are these neighborhoods protecting the value of property owners and community common areas or amenities, but they are also going the extra mile to promote safety and social engagement.
When looking for the perfect neighborhood for your next home, Frisco’s Five-Star Neighborhood Program helps ensure you’ll find a community that is safe, socially engaged, and maintained to the highest standards.
Which neighborhoods in Frisco are rated as five-star neighborhoods?
At the time of this article, there are 43 neighborhoods that have HOAs recognized with the Five Star Neighborhood designation. Here’s a quick list below with a reference map. You can also check the Frisco website for more information and view the complete HOA directory.
*Designates Five-Star Gold
Are you looking for the perfect neighborhood for your next home? Give us a call at 469-634-0932 anytime – we’d love to show you around!
About the Judi Wright Team
Judi Wright/The Judi Wright Team is a real estate group specializing in the suburbs of Frisco, Plano, and surrounding areas. Named the “Best Realtor in Dallas,” by D Magazine thirteen times and a Five Star Realtor with Texas Monthly eight times. Judi is also a Company-Wide Top Performer with Ebby Halliday, a Berkshire Hathaway affiliate.