You can always get a solid return selling your golf course home, even if the market looks weak. That’s because golf course homes keep a stronger hold on their value than other types of real estate, and generally aren’t as affected by economic trends. As a seller of golf real estate, you won’t have to spend as much time watching the market and waiting for a time to sell, and as a buyer you can be more confident that you’re making a solid investment choice.
It may be no surprise that golf course homes perform so well, but now there’s data to support this common assumption. A Nov, 2007 study by the Longitudes Group found that golf course homes typically sell for 40 per cent more than comparable regular homes, and that they tend to rise in value even as property values around them are falling. Even when values fell for golf course areas in the study, they fell at a slower rate than in surrounding neighborhoods. The study largely found that golf course homes were affected by market trends, but not as much as other forms of real estate. The strongest golf real estate market in the study was Myrtle Beach, SC, where some properties appreciated as much as 56 per cent a year.
Golf course real estate is popular and valuable for the same reasons as always: beautiful home designs; access to amenities and game play; privacy; and immunity from encroaching development. Now these homes have the additional benefit of being a proven, studied performer in the real estate market.
The unique designs of golf course homes also helps put them in a category of their own. Golf course homes come in many styles, from estate-sized family homes to stylish single-story ranchers, villas, and bungalows. No matter what kind of home you’re searching for, there’s a golf property to suit your needs.
Whether you’re buying or selling a golf course home, you’ll find it’s easier to make the right investment choices with the help of a real estate agent. A real estate professional can help you determine the market potential of an entire golf development, as opposed to individual homes.
Prestonguyton.com can be the source for all your Myrtle Beach real estate needs. The site offers area information, tips for home buyers and sellers, and a comprehensive Myrtle Beach home for sale search.