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Benefits of HOA | Hollyhock, a new home community in Frisco, TX

11 June . 2019

What Hollyhock’s HOA provides – and how it makes life better

Whether you choose a relatively new master-planned community like Hollyhock, or a community that’s already established or completed, it’s important to understand the beneficial role that the Home Owners’ Association, or HOA, plays in community life.

In this blog, we’ll explore 5 ways that an HOA works to make life better in master-planned communities, or MPCs, such as Hollyhock. These include creating a lifestyle, protecting your investment, helping to foster a close-knit community, and creating a sustainable quality of life over the long term.

Who makes up Hollyhock’s HOA?

Hollyhock’s HOA is led by a board of directors, who are representatives of the developer as well as Hollyhock residents. As the number of families living in Hollyhock grows, the board will gradually transition to more resident representation, to the point where it is totally comprised of residents by the time that development of Hollyhock is completed. The HOA contacts with a third-party management company, Guardian Association Management, LLC., to provide daily management functions.

Hollyhock HOA Benefits

Let’s take a look at the specific benefits provided by Hollyhock’s HOA. These include:

  • Fields House, our gleaming community center, featuring a clubhouse with a fitness center and meeting rooms, a resort-style swimming pool, splash pad, playground and more. Fields House is the focal point of a master plan that provides acres of parks, trails, recreational amenities and natural open space in Hollyhock.
  • Fields Park, our beautiful “Central Park,” featuring a grassy lawn, a soothing fountain and seating areas.
  • Dandelion Park, a popular neighborhood park that’s home to our iconic 19-foot-high dandelion sculpture
  • Front yard maintenance. All front yards in Hollyhock are maintained, with mowing, weeding, landscaping and other maintenance services provided by a professional landscaping company, to create a beautiful and cohesive appearance throughout the community.
  • Hollyhock’s Social Committee will plan events throughout the year for residents of all ages. These events are a big part of what makes Hollyhock such a friendly and neighborly community.
  • Community management. The Hollyhock HOA provides ongoing maintenance, improvement and administration for the community’s amenities and common areas. The HOA also administers the protective covenants, which are so important to maintaining and preserving the character of Hollyhock.

Hollyhock HOA Fee & Contact Info

Hollyhock’s annual HOA dues are currently $2,100 per household. This translates to $175 monthly, though the dues are billed quarterly. Rates are set each year, and are subject to change, although most changes from year to year are minimal. HOA dues are usually billed each December and payment is due in January. They are not typically included in the mortgage payment, which includes principal, interest, taxes and insurance.

Advantages of an HOA

Now, let’s take a deeper dive into the immediate and long-term advantages of living in a community with a vibrant HOA.

Maintaining amenities. Access to a broad range of amenities is one of the most appealing reasons to live in an MPC, and the HOA dues paid by each household helps to maintain amenities in top condition. While the developer pays for the construction of amenities, such as Fields House and Fields Park, HOA fees cover vital ongoing maintenance and operating costs for these amenities. In the first years of an MPC, HOA expenses are generally subsidized by the developer, but as the community grows and more homeowners contribute their dues, the costs of maintenance are gradually shifted to the HOA. Along with amenities such as community center buildings, pools, parks, playgrounds and trails, the HOA also maintains common areas such as entrances and medians. The HOA also beautifies these areas with seasonal flowers and holiday decorations.

Creating a lifestyle. In communities such as Hollyhock, the HOA is envisioned from the beginning as a positive force for creating an overall lifestyle that residents can enjoy. HOA dues pay for, among other things, lifestyle events. For some events, a small fee is required to help defray costs. Between special events and activities, and amenities that are available for year ‘round use – such as the pool and fitness center at Fields House – the HOA makes it possible for residents to enjoy a complete lifestyle through their dues.

Protecting your home investment. For many homeowners, protective covenants are one of the most appealing aspects of living in an MPC. The HOA is responsible for enforcing these covenants, which ensure that the appealing, cohesive appearance that attracts homeowners to a new MPC will be maintained, even after development is completed. Protective covenants cover architectural modifications, landscaping, the parking of vehicles and boats, and other aspects of community life.

Getting neighbors involved. HOAs are democratic in nature, providing residents of a community with the opportunity to run for and be elected to the governing board. In the early days of an MPC, the developer will appoint a number of representatives to the HOA board, but as the community grows, so does resident representation, to the point where the HOA board is completely resident-controlled by the time that development is completed.

Sustaining quality of life. Establishing a strong HOA with active resident representation is one of the most effective ways to ensure that the high quality of life offered by an HOA continues after development is completed.