Buying a home within a golf community gives you access to a number of comforts and amenities, which can be quite luxurious. However, there are a couple of things to take into account that might cause you to think twice.
Aside from privacy and noise concerns that come with having golfers trudge through the area, the list below provides a few other things to take note of – whether or not you play golf.
Homeowner’s association (HOA) rules
Unlike other houses, a home within a golf community needs to comply with homeowners’ association rules, which can be stricter than most. For example, there may be firm rules on the architectural design of your home. The rationale is to have a consistent aesthetic across all homes – one that abides by community standards.
While rules exist for many neighborhoods and communities, think long and hard about whether you can live with the regulations of the golf communities you’re interested in. Can you abide by having the HOA vet your renovation plans sometime in the future? Are steep membership fees worth the price of admission, such as access to the golf course and the facility’s maintenance services?
If you see HOA membership rules as par for the course (in the broader sense), then good for you.
Access to amenities
The type and number of amenities will also affect your decision.
In general, members of a golf community enjoy considerable perks including access to a pool, spa, nearby restaurants, fitness centers, and outdoor trails. They’re some of the key reasons non-golfers have opted to live in this type of community.
If the absence of these benefits matters little to you, it’s better to set your sights elsewhere. Look for a home just outside a golf community. You’ll still have access to a park or other outdoor areas, depending on your location.
Possibility of renting out the property
Many golf communities forbid members to rent out their homes and understandably so. Unless one has stellar judgment, it’s impossible to vouch for the behavior of short-stay guests within the community.
Some golfing communities, however, are a bit more lenient. If you’re so inclined, you can rent out your home. Make sure future guests are clear about following HOA rules. Be just as frank about the consequences of flouting rules.
To familiarize yourself with the golf communities you’ve shortlisted, request for their HOA rules in advance. You can compare membership fees, regulations, and the like so you can weigh the pros and cons of each before making a decision.
Possibility of selling the home later on
Selling your property is not as straightforward as one might expect. For one, the value of your home is tied to the reputation of the golfing community. If it’s in dire financial straits, don’t expect top dollar for your home.
That’s why it is advisable to consult your agent on the golf community’s current state and financial track record. See if investing in a particular community will reap benefits down the line.
In the event you decide to sell your home, be prepared to give up being a member of the golf club. However, you may still need to pay your annual dues until a new member fills up the spot you’re about to vacate.
If you’re looking for an experienced real estate agent who can get you the best golf community property in Coachella Valley – and help you understand the intricacies and rewards of owning one – talk to John Butler. Call 760.989.2030 or email AmazingDesertHomes(at)gmail(dotted)com to get started.