If you’re looking for incredible investment opportunities, resort homes on or
near golf courses are one of the hottest real estate tickets currently offered.
But is it enough just to have a resort home with property adjacent to a golf
course? Of course there are some other criteria that make some resort homes
wildly popular while others attract only a moderate amount of interest. Take a
look at some of the “must haves” for a successful resort home.
The key to finding a resort home is to first define why you’re shopping for a
resort home. If you’re looking for a resort home for the use of your own family,
the criteria will be much different than if you’re looking for investment
property. But keep in mind that even if you’re planning the resort home for
personal use, there may come a time when you need to sell or use it as
collateral. Property without a wide appeal is going to have limited value,
especially if you should decide to sell.
Golf resort homes are very popular, mainly due to the number of people who
are wild about picking up the clubs and hitting the course at every available
opportunity. That means that a resort home on a quality golf course will have
enormous appeal on the open market, and that a resort home is a good real estate
investment. But if you’re counting on this as an investment, there are two very
differing angles you must examine.
First, look at the golf course. Even if you know nothing about golf, you can
do some research. Is membership required, and if so, how many members are
currently registered? How many membership renewals have there been over the past
year? Ask a few golfers for their take on the course. Remember that playing the
same golf course every day is not unheard of, but it takes a good course to hold
the attention of returning players. Even a person who loves golf may be
reluctant to make an investment required of a resort home if the course is less
than appealing.
But even if the resort home is located on an excellent course, the home has
to be equally appealing. For almost every golfer, there’s a spouse at home who
is less than attracted by the awesome golf course and only wants a comfortable
home with specific features and amenities. Even if both are golfers, the
majority of those who can afford to be looking at golf resort homes are going to
be looking for a quality home.
Of course, golf resort homes aren’t the only hot commodity on the real estate
market right now. That old favorite – the resort home at the beach – continues
to be popular, as do resort homes near some of the best-known tourist
attractions. To determine the best investment opportunities – for your personal
use or as an investment – simply take a look at the resort homes that are most
in demand for rental properties and on the real estate market. Combine that with
your goals for the investment. But don’t overlook the very important question –
How good is the golf course?