how to win a house on the golf course

Is a house on a golf course a good investment?

Golf course properties typically have great resale value, selling at two to three times that of an average home – which is a magnet for investors.

Is it worth living on a golf course?

In addition to having your next round of golf right outside your door, living on a golf course often affords views of sprawling green vistas. Even if golf isn't your game, the benefits of living in a golfing community may be something worth considering.

Is it more expensive to live on a golf course?

Golf Courses Increase the Value of Nearby Properties It's worth noting that properties with a great view of the golf course earn a price premium compared to homes without views's prices in the ballpark of 5-12%.

What happens if you hit someone's house on a golf course?

You break a window, you pay for it. The flip side of that coin is that homeowners should bear responsibility for golf ball damage since they assumed obvious risk by deciding to purchase a home near a golf course. Additionally, homeowner's insurance may handle the damage.

Why do people buy houses on golf courses?

Well Manicured & Beautiful Surroundings Another benefit of buying a home on a golf course is that the majority of the surroundings will be well manicured and maintained. Since most golf courses pride themselves on the condition of their grounds, the chances of having well manicured surroundings is higher.

What is it like living next to a golf course?

Privacy. There's nothing like looking out a window or walking out your front door and seeing a wide-open field of green. The privacy of living next to a golf course can be a major perk. While you'll likely still have neighbors, there will be open space bordering areas of your yard.

What makes a golf course expensive?

Golf courses are expensive and need 365 days of the year care and maintenance. This is incredibly expensive, especially on a full 18 hole course that is Championship standard. The equipment involved. You may need to purchase balls, clothing, bags, clubs which include pricey drivers.

How do you value a golf course?

As with most property types, golf courses can be valued via the income approach, sales approach, or cost approach. Each method has its limitations. Given the specialized nature of golf course properties, the application of the comparable sales approach is preferred.

Who pays when a golfer breaks a window?

While the golfer who broke your window should own up and take responsibility, she is not legally responsible for the damage if she was otherwise playing normally. Golfers need to take ordinary care when playing, but sometimes even the best golfers will hit a wild shot.

Who is liable for golf ball hitting house?

There is clear California case law on these points of law. However, if the golfer intentionally or recklessly hits a ball at a home/car, then the golfer may be responsible.

Will a golf ball break an impact window?

Impact windows. They won't break, even when a golf ball hits them. No more clean up and fixes for you. If you live on a street with a lot of kids, it's only a matter of time before a ball game breaks out in the street or in someone's yard.

What does it mean to own a golf course?

Best of all, for avid golfers, owning a house at a golf course means that their next round of play is right outside. In home buying, what seems ideal seldom is. It’s important to consider the pros and cons of living next to a golf course, especially if you’ve never lived on a course. Here are the top five things to keep in mind when hunting ...

Why do people own golf courses?

In fact, in many neighborhoods and towns, golf course homes offer the best vistas available. Another benefit is that houses are often sited so that neighbors are not directly visible, and all views face the fairway. Best of all, for avid golfers, owning a house at a golf course means that their next round of play is right outside.

Where there's a golf course, there are golfers?

The fix: Where there’s a golf course, there are golfers. This will always be true. So when viewing a house at a golf course, always sit out back or facing the course and wait for a foursome to play through. Take note of where they park their carts and how much noise they make while playing. If you’re not comfortable with the noise and motion of the golfers, then the house is not for you.

Where do golfers park their carts?

Every golfer will park his or her cart at every tee box and putting green during a round of play. If a house is located near these course elements, players will be stopping near your home throughout the day. Their chatting and laughter will be audible, and their loud golf pants will be visible. If a house is on a cart path near a tee box ...

Is it bad to live next to a golf course?

One of the potential cons of living next to a golf course is that homes are almost always in deed-restricted communities where certain aspects of home maintenance and modification are regulated by a homeowners’ association (HOA).

Can golfers see my house from the course?

Golfers who can see your house from the course may complain to the community or HOA if they notice that you’re behind on maintenance. The fix: If you like the feel of a neighborhood, aspects of the deed restrictions probably appeal to you. It means that many qualities of the neighborhood will be retained for years.

Can you walk your dog on a golf course?

Recreational walking or biking on cart paths is forbidden at almost all courses. You can’t walk your dog along a fairway.

Feedback

Hi everyone. We are looking to build a house on a golf course. In the upper right of the attached picture you can see the tee-pad on a par 4 hole. The hole dog legs right. The lot is outlined to the left of the fairway.

Feedback

Take this for what it's worth...my reply would be a resounding NO!! Long story, short version, I took out a pane glass patio door on a similar hole. Played a fade and double crossed and hooked it left. 2 bounces later and the door was gone.

Feedback

In addition to being right in the hook zone you're also right on top of the next tee box. Way too much potential noise for me - people, tee shots, carts starting up/slamming to a halt.

Feedback

My friend has a house on a course in about the same location as that one. He's far enough from the tee box that any balls that end up in his yard are not flying at mach 7. We can watch tee shots arrive, and approach shots live. It's fun to hang on his deck and watch groups go by (we take bets as to outcomes).

Feedback

I live in the last house on the right side of a par 5 about 120 yards from the green and we get lots of "activity". When the wind is out of the south (into the golfers face) is the worst but we don't find it to be a big deal. The house has been hit countless times but haven't had any windows broken yet.

Feedback

I would say a big fat no. It would suck to walk into the house after work and find a broken window, in which I would probably have to pay for.

Feedback

We just bought a house on the golf course. I was pretty selective about the "where" as I wanted my kids to be able to enjoy the backyard and pool (a must in the Texas heat!).

Why did real estate developers build golf courses?

This allowed for more homes to benefit from course frontage and the elevated premiums that came along. These courses drove the absorption and pricing of many real estate developments, and even non-golfers purchased these properties because of the perceived value — but without understanding the full cost of ownership in a golf-based community. Many of these buyers and those who came after the market correction had no idea of the value risk of buying into a community that was not supporting its golf club. Essentially, property values were being subsidized by the golfers and club members supporting the club.

What is Forbes Real Estate Council?

Forbes Real Estate Council is an invitation-only community for executives in the real estate industry. Do I qualify?

Who predicted that too many amenities over too few paying homeowners would create an unsustainable burden?

This was predicted by Bob Turner of Beaufort, South Carolina in his paper, Sustainability Through Design, where he pointed out that spreading too many amenities over too few paying homeowners would create an unsustainable burden. Real estate developers knew that they were in the business of building, not operating, golf courses, so they sold or gave away their interest (and liability) in the clubs. Often developers sold shortly after closing all the homes in a community and moving onto another location and another new course.

How to win a deal with a seller?

Working these accommodations into the offer to give the seller more of what they want can help you win you the deal.

What is the best way to win a bidding war?

An experienced, reputable agent can help you gain the upper hand as you navigate a bidding war. An agent with a track record of helping other homebuyers win bidding wars can be your best offense. Their experience sets them up to do reconnaissance and understand all the angles, and they can help you consider options that will be win-win.

How to come out on top in a bidding war?

If you want to come out on top in a bidding war, you should eliminate as many contingencies as possible. However, the more contingencies you eliminate effectively takes risk off the home seller (which is why it’s attractive to them) and puts it instead on you the homebuyer.

Why does my real estate agent come back with the news that several other homebuyers have also submitted offers on the home

But because of the high demand in the current housing market, your real estate agent comes back with the unexpected news that several other homebuyers have also submitted offers on the home. The seller’s final decision may come down to who can win the bidding war.

Is it okay to update a house?

The home needs major repairs: If the house is not move-in ready and a few updates are required, that may be okay. But if you anticipate a significant outlay of cash to update the property or make major repairs, you are better off looking for another house. A bidding war could tempt you to make an offer outside your budget that would eat up any funds you may have earmarked for home improvements.

Can a realtor help you win a house?

It’s a tight spot for a homebuyer. However, with representation from an experienced real estate agent, you can navigate the bidding war process wisely and win the house.

Is flexibility good for a real estate deal?

Flexibility around specific details in a real estate deal is nearly as good as coming to the table with cash. If you don’t need to move by a specific date or can give the seller more time to fix repairs, being flexible on a closing date can be as attractive to the seller as a higher offer.