Golf Course Homes- a Good Investment or a Lifestyle Choice?
With the biennial Europe v US golf tournament, The Ryder Cup, coming up in September (26th – 28th) at Gleneagles in Scotland, excitement is building amongst the 4 million golfers (8% of the adult population) that play the game in the UK today. With golf reportedly growing in popularity by 17% over the last year, a home on a golf course could prove to be an excellent investment and a great lifestyle choice.
The IAGTO reports three years of consecutive growth for global golf tourism and destinations as diverse as the Dominican Republic, Malaysia and Mexico have all reported year on year growth. Various sources indicate that there are well over 31,000 full-length golf facilities in the world, of which there are 6,560 in Europe, according to figures produced by the European Golf Association.
Roger Beale, Director of Golf at Royal Westmoreland in Barbados and a former member of the Canadian Tour is not surprised that golf is growing in popularity. He remarks: “Golf is popular because you can involve yourself on numerous levels. You can be casual or very serious, it all depends on how much time and effort you have to put in. Golf has many hooks – the scenery, the social side, the competition, the equipment, and the travelling. It allows you many avenues to keep you from being bored. Because of the handicapping system, you can play with anyone and enjoy a game, regardless if the person is better than you, older or younger.”
Roger notices the effect of big tournaments on his members. “Big events definitely help make golfers keener. It creates a buzz around the club and it helps people embrace the game.”
So what are the advantages of buying a home on a golf course, apart from the obvious one of proximity to the course for keen golfers? Kim Goddard, Head of Sales at Royal Westmoreland, a 750 acre golfing estate and residential community says: “One of the biggest advantages is the fact that the view from your home and space around the course naturally has more green space, is protected from further building and is perfectly maintained. This is an important factor as often a home owner is powerless to prevent a building going up on an adjacent plot of land owned by someone else, or to upkeep surrounding land.”
Kim continues: “Interestingly 70% of the people that buy at Royal Westmoreland aren’t actually golfers, but they buy because of the space, the landscaping, the security of a gated resort and the other facilities on offer. A home in a golf resort offers a multi-generation lifestyle and is also great if you appreciate nature as the foliage attracts a lot of wildlife, which enjoy the fruit and berries from the well irrigated trees. On our course you regularly see an array of tropical birds and even green monkeys.”
Golfing doesn’t get much better than Royal Westmorland’s world-class championship golf course – a 7045 yard par 72 course of unrivaled beauty, with views of the shimmering ocean from every hole. Masters Champion Ian Woosnam, a homeowner at the resort, declares the course has some of the best par 3s he has ever played and that the course demands the use of every club in his bag. At the heart of the course, is an elegant, colonial-style Clubhouse with sweeping views over the fairways to the azure Caribbean Sea.
Paul B. Altman, Principle from Altman Real Estate and Savills in Barbados says: “At Royal Westmoreland the quality of the golfing experience and the high level of resort maintenance continue to support an increase in values for property owners. One other significant reason is the maturity of the facility; it is a proven location where the community lifestyle has achieved a level of excellence linked to its selection of amenities: restaurants, bars, pool and gym options, tennis and even and on-site rum shop. Of course, the beach facility is also a major plus. But most of all the superior golf service remains Royal Westmoreland’s main strength.”
Royal Westmoreland has a variety of homes from apartments to custom built villas on larger plots currently on the market.
The Royal Apartments are a collection of luxury residences providing a surprisingly affordable entry level investment on the multi award-winning resort. Close to the apartments is a large communal swimming pool, children’s pool and pool bar. Prices from: 1 bedroom apartment – 830 sq ft – US$395,000, 2 bedroom apartment – 1,450 sq ft – US$600,000, 3 bedroom apartment – 2,000 sqft – US$850,000.
Sugar Cane Ridge
Sugar Cane Ridge is a new development of semi-detached three and four bedroom villas. One of the key advantages of the location is the proximity to the estate’s amenities such as the golf Club House, the tennis garden, Rum Shak and the sanctuary pool and gym.Prices for a 3 bedroom, 3 bathroom or 4 bedroom, 3 bathroom townhouse villa range from US$1.250 m to US$1.595m.
Jasmine Ridge & Jasmine Heights Villas
For those that want to create their own magnificent and personalized home there is Jasmine Ridge and Jasmine Heights. Hideaway Villa is an example of the type of home that can be built on Jasmine Ridge. This particular 4 bedroom, 4 bathroom home has lovely views overlooking the 14th fairway and the sea. A duty-free furniture package is available to all first time owners from preferred supplier, Esprit Décor. Price $3,150,000US
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