Ever considered living on a golf course? If you are addicted to the game, then you may just want to do that. But here's a word of caution: look before you leap and consult with an experienced real estate agent who knows the area. Exercise some restraint like you would when playing the game for there is more to investing in a golf course as real estate than you can see on the outside.
The chatter of golfers, noise over the weekends, and constant hits by golf balls which may land on your property is something you have to either get used to or learn to tune out. But these things come with the package. The upside is that you will enjoy a beautiful golf course view anytime you want from your back porch.
Golf course homes have been prolific in Florida over a decade and being constructed with stucco, which is a good choice for a Florida home. They are constructed well, easy to maintain and are usually the most affordable exterior construction option in the tropics.
Decide whether you want to keep this golf course residence as a year-around residence or want to retain it as a holiday home. Snowbirds among other seasonal inhabitants may actually visit and stay over at the house if it is unoccupied for long. Safety is yet another factor, as is privacy. Properties on the fairway are best suited for this. Look for communities with gated entrances, they afford a limited amount of privacy and safety.
You may want to secure your property with some nets but that may not be easy given many golf courses have Homeowners Associations which exclude nets from backyards. Always ask your real estate agent for a copy of the rules before committing to buy any property, especially those that share a common view. There could be rules that you are not willing to adhere to or rules that are too relaxed for your requirements.
What is the cost of the house on the golf course you desire to buy? What is the cost of a round of golf at this same place? A ratio of these two factors may give you some idea of property prices here and whether or not buying is a good idea for you. Don't assume that having a house on a golf course entitles you to call the golf course your backyard's natural extension; this may not be the case. Many golf course houses in Florida have walls around them so you may just need to check if this is required. Property prices along a golf course are also known to differ with location. For example, homes located on the greens are the highest priced, while those on the fairways are generally less expensive.
Another point of concern is the layout of the property. Given many new constructions taking place on the greens, prospective buyers should compulsorily look at the built up plan. It may be easy to assume that prices of homes on the golf course will go up as real estate becomes more expensive. But that may not always be true. In case of over development on the course, real estate prices may stabilize or decrease.
Bob Lipply, an avid golfer, knows the best Tampa Bay Golf Course Communities in this area. We highly recommend Trinity Champions Club but there are many more. Visit our website for more information.