10/28/2026
This HOA story is an important warning for anyone buying a new home, specifically from an individual builder.
Homeowners in a Sherrills Ford community say the developer owns most of the homes and controls the HOA board. After initially proposing dues of $7,500 per month, the board ultimately approved $2,500 per month.
This isn’t a typical HOA increase. It’s a story about what can happen when a developer still has significant control over an association and homeowners have very little say.
Before buying in a newer community, find out:
• Who controls the HOA board?
• When will control transfer to homeowners?
• How many properties does the developer still own?
• Can the board approve major increases or assessments?
• Is the HOA financially stable?
• Have there been disputes, lawsuits or unpaid dues?
New construction can be a great option. Just don’t stop your research at the house, incentives and monthly payment. You’re also buying into the association and its rules.
A careful review before closing could help you avoid a very expensive surprise later.
Bob Fredrickson, REALTOR
📲 704-564-9733
📧 [email protected]
🌐 bdpcarolinas.com