Five ways to invest wisely and make your dream golf home a reality

Five ways to invest wisely and make your dream golf home a reality

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1. Location is critical
“You want to buy a golf home near other
kinds of recreation, near the airport if
it’s a vacation destination, near shopping,”
says personal finance guru Ilyce Glink of
thinkglink.com. Having a lake, mountain or
the ocean nearby will also help your property
value appreciate.

2. Protect your view
Golfers love views of (surprise!) golf
courses, which is why homes set
adjacent to greens sell quickly. If you’re buying
a view, however, remember that sightlines can
change as new homes are built. An assurance
that your view won’t be ruined by new
construction should be contractual.

3. Read the contract — carefully
Speaking of contracts, read every word
of them — the covenants, conditions
and restrictions. “You don’t want 150 pages of
legalese,” says Colin Hegarty, president of the Golf Research Group in Dallas. “You want
elegant clear documentation that lays out
what there is, and what there isn’t.”

4. Invest in quality
“A-level” properties tend to hold up
better than “B-level” ones in a market
slide. “All of our golf course communities are
high-end upscale,” says Myles Newell, executive
vice president of Ginn Real Estate Company,
a Palm Coast, Fla., developer with 10 properties.
“What sells first isn’t the bargain, it’s the best.”

5. Do your homework
“It’s always a good idea to knock
on doors,” Glink says. Visit other
developments that the seller has created and
ask homeowners what the property was like
before it was turned over and how it has held
held up since then.


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