Golf is one of the most popular pastimes in the United States. It’s a great form of exercise, it can be played during the day or in the evening, and it’s accessible to people of all ages and skill levels. This is why communities located near or within golf courses are considered prime real estate.
Access to the fairways is one clear advantage of investing in a golf course home. But more than that, there are other opportunities that open up to owners of this type of real estate.
Here’s why golf course homes make excellent luxury property investments:
Golf course properties are in demand
Golf properties have recently been seeing a resurgence of interest after declining in popularity over the past few years. Homebuyers realize now that the privacy, space, and security they long for is exactly what a golf course property offers. Data from Sotheby’s revealed that searches for golf properties increased by 26% between January 2020 and February 2021 compared to 2019 figures. These buyers are also looking for a home that feels like being on vacation 24/7.
Demographics-wise, these types of properties appeal not just to middle-aged individuals, retirees, or semi-retirees. Even millennials are interested in golf and continue to indulge in the country club lifestyle.
Golf course properties offer excellent amenities
One of the biggest advantages of a golf course community is its luxury amenities. The clubhouse, for one, is a staple in any golf course community. This inviting space is typically home to a dining area, exercise facilities, and function rooms for residents to use.
Also, golfing isn’t the only outdoor activity here. There are other outdoor fitness and recreational options to engage in such as running, walking, and having picnics. Even non-golfers can appreciate the acres of green space, incredible views, and top-notch amenities that come with living in a golf course community.
These amenities are among the main reasons why golf course homes are in demand. With these amenities within reach, residents no longer have to travel elsewhere to use and experience the conveniences and attractions that the golf course community already has.
Golf course properties are low maintenance
If you’re looking for a low-maintenance real estate investment, a golf course property is a perfect choice. Golf course communities have an active homeowners association that takes care of their upkeep and maintenance. Thus, you can enjoy the landscaping, on-site recreational and entertainment facilities, and other common spaces of these golf course properties minus the tedious maintenance work.
Golf course properties make excellent rentals
A golf course home rental is most ideal for those who want to take advantage of the luxury golf course lifestyle and perks without having to pay for all the costs of buying a golf course home. Whether it’s a short-term rental or a long-term one, you can expect a demand among rental properties in golf course communities.
Tips for investing in a golf course home
- Invest in a quality golf course community
In finding a golf course home, check if its adjacent golf course is of top quality. A golf course that’s in poor condition can impact heavily on the value of residential properties in its periphery. The golf course community must also be financially healthy to have good property values. At the end of the day, the value of your golf course home will depend on the location, amenities, and on the upkeep of the course itself.
- Evaluate the homeowners’ association
A strong and responsible homeowners’ association (HOA) is essential to every golf course community. Aside from enforcing its rules and regulations, the HOA also protects the residents and the community itself. You can put your mind at ease knowing that your real estate investment will effectively be protected and managed well.
- Ask questions
If this is your first time investing in a golf course home, don’t be afraid to ask your real estate agent about the property and the community itself. What are other amenities that the golf community offers? Are there any capital improvement projects being planned? What is the structure of the golf course community? With these questions in mind, you can have a better understanding of the property and the community that you are about to invest in.
A premier country club community, The Club at Ibis is one of the top areas to own an investment property in. Explore your West Palm Beach luxury real estate options with The Telchin Group! Call 561.301.0249 or send an email to Eric(at)TheTelchinGroup(dotted)com to learn more.