Every avid golfer likely dreams of owning his own golf course. But while buying an entire golf course may not be a realistic aspiration for everyone, buying into a golfing community is a truly viable lifestyle and investment option worth exploring. There is a lot more to enjoying playing rights and club amenities that makes buying golf real estate a great decision.
An appreciating asset
A golf course is much more than a few acres of grass fairways, greens, and bunkers. The course itself is the main feature of an entire sports and leisure venture that typically features high-end infrastructure, fine dining and bar facilities, resort amenities, and a lot of staff to run the club’s day-to-day operations. In short, it is a business.
Businesses, of course, cost money. Thus, it should come as no surprise that golf real estate typically costs three times as much as a residential property of the same caliber.
Being a club member and golf real estate owner means concerning yourself with much more than the quality of grass in your enormous backyard. You have to be mindful of everything else the company is engaged in; from upkeep of facilities to labor issues.
With the rare exception, choosing to buy golf club shares and residential property on the golf course is certain to pay off over the span of time you might wish to hold on to your investment.
Not just golf
Even non-golfers or former golfers find purchasing golf course real estate attractive because they regard the purchase as buying into a community. People who go for golf club membership are birds of a certain feather. Being part of such a club gives one the opportunity to rub elbows with people of their own tribe, not just on the links, but at the bar, the restaurant and cafe, the gym and pool, and in social engagements.
Residing close to kindred spirits is also practical because one shares similar concerns and preferences on location, location, and yes, location. These could be concerns about noise, weather, sunlight, road access, building codes, pollen and pollution, proximity to healthcare and law-enforcement, and countless other considerations.
How to go about it
Choosing a club in which to make this major investment is not something done through a seat-of-the-pants decision. Shop around and get feedback from others who have made such a move and are currently residing in their golf course homes or are in the process of unloading their property.
It’s also important to be clear about the terms or conditions of membership and ownership of your property. As this could prove daunting, it is best to stick with reputable developers and benefit from the advice of none but the most trusted brokers who you can be sure won’t con you into ploughing your life savings into a lemon.
Work with me, Anne Dresser Kocur, for the best advice on this matter. As an expert in real estate in the Denver, CO area, I can advise you best regarding your investment. Contact me via phone at 303.229.6464, and I’d be happy to assist you.