Even if the market appears to be weak, you can always sell your golf course house for a healthy profit. This is due to the fact that golf course homes maintain their value better than other types of real estate and are typically less impacted by economic trends. Selling golf real estate will save you time waiting to sell and observing the market, and buying golf real estate will give you more assurance that you’re investing wisely.
Even though it may not come as a surprise, there is now data to back up this widely held belief that homes on golf courses perform so well. Golf course homes typically sell for 40% more than comparable regular homes, according to a November 2007 study by the Longitudes Group, and they tend to appreciate in value even as nearby property values decline. Even when values declined, they did so more slowly in study areas near golf courses than in nearby neighborhoods. The majority of the research revealed that, compared to other types of real estate, golf course homes were less affected by market trends. The study’s strongest golf real estate market was in Myrtle Beach, South Carolina, where some properties experienced annual appreciation rates of up to 56%.
The same factors that have always made golf course real estate desirable and valuable still apply today: stunning home designs, easy access to amenities and game play, privacy, and resistance to encroaching development. Now that these homes are tried-and-true performers in the real estate market, they also have that advantage.
The distinctive designs of golf course homes also help to distinguish them as a distinct class. Golf course homes come in a variety of architectural designs, including elegant single-story ranchers, villas, and bungalows, as well as estate-sized family homes. There is a golf property to suit your needs no matter what kind of home you’re looking for.
A real estate agent can help you make the best investment decisions whether you’re buying or selling a home on a golf course. The market potential of an entire golf development, as opposed to individual homes, can be ascertained with the aid of a real estate expert.