The popularity of golf has sent real estate prices in Arizona skyrocketing. The boom has kept many realtors busy and has seen many golfing enthusiasts take up residence in Arizona.
Purchase of real estate is almost always viewed as an investment. One, which is put into use many a time by living on it also. Golfing real estate is a slightly different ball game from other types of real estate. This is because the features that matter here are closely linked to the game of golf. It is advisable to develop more than a passing interest in the sport. This will help evaluate real estate and its suitability as a golfing property.
Every once in a while evaluations are made by the local authorities and courses are cleared for housing development. This is when those who wish to make a foray into golfing real estate should move in. Certain courses are trimmed and land is made available for housing purposes.
Properties that promise a lot of privacy are high priced. Properties that sit above the fairway ensure privacy; an example is – the fairway at Ventana (Resort).
Local Real Estate agents should study the terrain well and be able to advice prospective clients as to which sites will make good year- round residences and which won’t; which houses are likely to get heat from the summer sun; which orientation will give an excellent view of mountain sunsets and so on. This can be done by paying close attention to the building plans of projects under construction.
It is a faulty assumption that a home on a golf course will always appreciate in value. If there is crowding on a course due to its popularity, golfers’ patronisation comes down. As a result the house value may actually go down.
The Wild Wing Plantation, the Myrtle Beach TPC, etc., are popular golf communities. These communities have a good presence on the internet and can be easily contacted by e-mail for information.
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