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Will Living on a Golf Course Increase My Property Value?

by Bill Ness on 6 Comments

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Living on a beautiful golf course, like this one at Trilogy Monarch Glen in California, has its pros and cons.

Though not every 55+ community has its own golf course, these rolling greens are often associated with active adult living. Golf course communities typically offer manicured lawns, lush landscaping and luxurious amenity centers. While there are many benefits to living in a golf course community—even for those who don’t play golf—homebuyers often wonder if this resort-style amenity will actually increase a home’s property value.

There are no guarantees when it comes to real estate investments. However, some studies suggest that homes located in golf course communities do maintain higher property values. In 2007, a study by the Longitudes Group showed that homesites on golf courses have a 40 percent premium over standard homesites in the same community. The same study showed that golf course communities often held their value better than other properties.

For residents, there are many perks to living on a golf course. Golfers have easy access to the course, its practice facilities and other facilities. Golf course clubhouses often include casually elegant restaurants, as well as resort-style amenities like fitness centers, tennis courts, swimming pools and pro shops. Even non-golfers can enjoy the beauty of living in a home on a well-maintained course. Lots often feature lovely views of rolling greens, wooded areas and water elements.

Active adult communities with their own golf courses may also include local shops and amenity centers with golf cart access. This makes it easy for residents to tool around in golf carts instead of taking out the car for short trips.

Just as there are many benefits to living on a golf course, there are also some drawbacks. Some downsides of living on a golf course include putting up with noisy lawnmowers and golfers sending errant balls into your backyard. Residents may also feel like they sacrifice some privacy when golfers are playing through a course that winds close to their homes.

As with other real estate investments, buying in a golf course community often comes down to location. The most desired homes are those which offer natural scenery without being situated right on the golf course, as a bit of distance helps cut down on the noise of passing golfers.

In addition to carefully choosing the best available lot in a golf course community, homebuyers should also research the developer before investing. The lush, green lawn of a thriving course may add value to your home, but you won’t be happy watching all that grass dry up and turn brown if the community goes under.

Real estate investments may not come with a guarantee, but choosing a great home in a successful golf course community could help you maintain the value of your new home.

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  1. I highly not recommend anyone to buy or rent a house up to 800 feet close or around to a golf campus. You will be responsible to pay for any damage to your house, windows, roof, cars, etc; and much worse: to your children, spouse and friends that visit you; if they get hit by a ball in the head they might not -in 99.99%- survive that. The golf club manager just will tell you: “You were told about the risk you run when buying a house close to a golf campus.” And that will be it; that was what I was told this morning when my wife and I were having breakfast and a ball broke through the window and pieces of glass fell into the food and hit my wife’s face.
    There is nothing you can do against them; they are somehow protected/insured and they don’t care even if they kill someone; they are desperately in need of golfers to come to play to get the $$$ for their own families and pay the golf campus workers as well.

    1. Marcial. I live on a golf course in Arizona. The laws must be a little different out here.There are signs in all the Clubhouses stating just the opposite. You will be responsible any damages caused by your bad play.I have lived on a course for the past 12 years have never heard any horror stories such as yours.Also you are not allowed to go on private property to retrieve an errant ball.

  2. The same study showed that golf course communities often held their value better than other properties.

  3. How much will a home depreciate on average if the golf course folds? Does anyone think it is a good idea to take over the course and keep open?

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