What to Expect When Investing in Real Estate on a Golf Course.
For some, living on a golf course is the dream: magnificent views look out onto transcendent lime greens while listening to the sound of innocent birds chirping their own nature’s tune. “Ahh, tranquility”... And then a pearly white ball zooms straight towards your recently fixed window, followed by a delayed “Forrrre!” to add insult to injury. Living on a golf course isn’t for everybody.
For all the benefits and features associated with residing on the links, there is a raging headache that comes with it, too. Whether the benefits outweigh the costs depends on the person and the family. To help you with your decision––either as an agent or potential home owner––our investigative real estate team broke down the pros and cons of owning a home on the links.
One of the great parts of living on the golf course is not having to look out your back window and see your neighbor walking around naked. Instead of that unsightly view, you’ll be waking up to a wide open fairway with the scent of freshly cut grass. Golf course living provides this type of privacy.
When the sun goes down, the golf ends. And when that happens, the fairway backdrop behind your house becomes a place of solitude. If you love peaceful evenings, golf course living is perfect for you.
Did we mention you won’t have to stare straight into your neighbor’s window as the couple has a deafening argument about burnt spaghetti?
This pro should seem obvious: when you live off a golf course, it’s very easy to get in a few late-afternoon holes. Yes, some courses will have strict rules limiting when you can go out on the course, but by the time the sun starts to dip below the horizon, the managerial figureheads like the head ranger or groundskeeper will be off the job. And even if your golf course’s ranger is a night owl, there’s nothing like a bottle of Jameson and a hefty Christmas bonus tip to help “loosen” the rules.
Owning a home 50 feet from potentially hundreds of golf shots a day can be a surefire way of incurring thousands of dollars in property damage. You can invest in upping your home insurance, but beware of a lofty monthly premium attached.
The HOA of the community with the clubhouse chairmen may restrict any sort of home building projects you may want to do in the future. Most of these restrictions are to limit creating an environment nonconducive to golf. This makes sense. Would you want to play 18 holes while a crane operator swings a massive two-ton ball into the pool house a resident is remodeling?
Do you love the sounds of industrial-grade lawn mowers zipping around behind your home at 6 AM? If not, then golf course living may not be for you. While you will enjoy quiet nights isolated from fewer houses, if you’re a late riser, be forewarned that you will be awakened by the daily golf course maintenance going on behind your house.
Limited Backyard with Snooping Golfers
Most golf courses hug right up next to the adjacent houses. This may not be ideal for young families in need of a yard for playing sports or other outdoor activities. There’s also the chance of a “Snoopy” walking the course and staring straight into your bedroom window. Make sure you purchase curtains!
In order to maintain the standard and health of a golf course, greenskeepers need to use pesticides. Living next to a pesticide-infested landscape could be detrimental for your family’s health. Usually washing your hands is a preventative measure, but there’s always the looming risk, especially when being exposed for extensive hours at a time.
Hard to Sell
With high HOA fees and the usual requirements to join the club––which can cost over $100,000 in initial fees––it’s apparent why it can be hard to sell a home next to a golf course. If you love golf, have the necessary disposable income, love golf––did we just say that twice?––and have long-term plans of staying put, this isn’t an issue.
Golf Course Foreclosure
Sad to say, but golf has quickly become a dying sport. It’s dying so quickly that over 200 courses closed in the U.S. in 2017 while only 15 new courses opened. This has led to millions of dollars in lawsuits by homeowners. Why? Well, living on a foreclosed golf course is like living next to an abandoned 100-acre lot. Over time, the vast wasteland will feature wild boar, tick-infested fescue, and, our favorite, poison ivy. Sounds like a cavalcade of fun…
Just like any real estate deal, you have to weigh the pros and cons of purchasing. If you love golf and are looking for a long-term investment in your quality of life, golf course living is right for you. Just make sure you do your research before handing over your John Hancock.
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