Top 5 Commandments of Buying Real Estate in a Golf Community
Updated: Jun 23, 2020
It is the amenities and facilities you need to consider when buying a golf community. Buying a golf community home is akin to coming back to a vacation home at the end of each day. However, amenities, facilities and services within the estate and nearby can make or break your experiences.
1. Speak with the residents who live within the community
At Pun Hlaing Estate, there’s a monthly coffee meeting for the residents. Ask the sales representative for an invitation to these coffee meetings.
2. Consider resale value and the quality of life at Pun Hlaing Estate
Buying a home is a big investment. The investment value is also linked to the quality of life in the community. Ask the sales representative the density of the estate, total golf members, facilities and amenities at the country club. All these factors will affect the value of your home in the long run.
3. Golf club membership fees
Make sure the golf course is managed by the estate and not a third party or you might end up with a less than qualified operator when the existing operator leaves. Pun Hlaing Golf Club is managed by the estate so you can be assured the golf course will always be well maintained.
4. Financial strength of the real estate developer
It is important to check the financial standing of the developer and club operator. Many golf club operators finance the maintenance of the homes through the dues from golf club members. At Pun Hlaing Estate and Pun Hlaing Golf Course, they both operate independently of each other, backed by Yoma Strategic Holdings and FMI and their list of investors and partners.
5. Is a designer golf course worth it?
One factor affecting the finances of the golf course is the designer of the golf course. The bigger the name, the higher price you have to pay. Do know the big name will ensure you of a superior golf course and top-quality work during the project development as Gary Player will only put his name on an owner and operator that’s dedicated to quality. Gary Player is a professional golfer who has a net worth of $250 million. In addition to his net worth, Player is one of the most revered and respected of all PGA golfers, with millions of fans all over the world.
