HOA News & Analysis

HOA Fees Surge from $350 to $1,250 for North Carolina Homeowners

Residents of the Magnolia Cove subdivision in Sherrills Ford saw their monthly homeowners association (HOA) fees increase from $350 to $1,250, along with a $10,000 special assessment. This significant fee hike is part of an ongoing conflict with the neighborhood's developer, Aaron Guess. Homeowners claim they were promised amenities such as lawn maintenance and a community pool, which have not yet been delivered. Currently, there are approximately 20 homeowners remaining in the 80-home community, as many properties have turned into rentals, raising concerns over how HOA funds are being utilized.