Owning golf course real estate has definitely become the new fad, over the last ten years it has grown into a new type of living. Golf Course real estate can have definite benefits including beautiful well maintained scenery along with the silence of being in the country without having to be in the country.
According to the Golf Research Group, golf properties are three times as valuable as the average U.S. home.
Knowing that golf properties are three times as valuable makes buying this type of real estate very attractive. There are several factors to consider before buying, however, some obvious and some not. Understanding them will help you invest intelligently.
Location, Location, Location - It might be the oldest cliché in real estate but it still holds true. In golf realty, the location tip requires a two-part answer.
The first is directed toward general location. This comes into play if you're looking at an area abundant with golf communities. You might get more bang for your buck in that new community 30 minutes from the city center, but your home probably won't appreciate as quickly as one in a more established club near downtown, according to Steve Slayden of brokerage Dickens Mitchener & Associates.
The second part of the location answer is location within the community. Buying a home slightly off the course insulates you from the nuisances of golfer chatter, noisy carts and balls plopping in your yard.
However this isn't the cheap route to take it does most of the time cost twice as much as one on the track.
Know your developer - Some areas in the United States in areas with a huge amount of golf courses have experienced a increase in course closings due to rapidly increasing real-estate values and falling profits in the overall golf industry. That being said, it's important to look at who you're buying from. Keep an eye out for financially stability and signs of long-term commitment.
Better living by design - Never underestimate the importance when the course has a known designer. Whatever their skills as architects - famous names like Jack Nicklaus, Greg Norman and Tom Weiskopf add radiance to a golf-course community.
Golf Research Group developed the net present value (NPV) index to calculate the importance of big-name designers. Courses created by one of 40 or so top architects have an NPV of $28.9 million, compared to $17.5 million for second-tier designers' tracks, Brandon Tucker wrote in a recent article for GolfCourseRealty.
Therefore, purchasing a home in a brand-name community usually translates into better appreciation and higher property values.
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Old Kinderhook is a 700+ acre residential golf & lake community located on the south-west end of the Big Niangua Arm of the Lake of the Ozarks.
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