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The Investment Potential Of Golf Homes
By Preston
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You can always get a solid return selling your course home, even if the market looks weak. That's because course homes keep a stronger hold on their value than other types of real estate, and generally aren't as affected by economic trends. You can always get a solid return selling your course home, even if the market looks weak. That's because 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 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 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 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 course areas in the study, they fell at a slower rate than in surrounding neighborhoods. The study largely found that course homes were affected by market trends, but not as much as other forms of real estate. The strongest 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 course homes also helps put them in a category of their own. 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 property to suit your needs.
Whether you're buying or selling a 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 development, as opposed to individual homes.
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