Monday, January 17, 2011

Golf Club Membership Information

Like most other markets across the country, the Charlotte residential market is on a down cycle. Many current homebuyers can afford to be choosy, and neighborhood amenities can play a big role when making a buying decision.

Golf and social clubs are an attractive amenity in many luxury neighborhoods. But their prices, offerings and membership structures vary from club to club. Your Property People, Inc. recently surveyed area clubs to gather helpful information for buyer clients and recommend asking some important questions when evaluating club memberships.

Private or Public?
Some clubs are private; the only members allowed are residents of the neighborhood. Others are open to non-residents. Still others offer memberships by invitation only.

Membership Levels?
Clubs offer a variety of membership levels which may include a combination of golf, social or swim privileges. Fees can be paid either monthly or annually, with a few clubs offering lifetime memberships for one initial investment. Some memberships can even be made on a refundable basis.

Dining Fees?
Most area clubs surveyed require a monthly or annual food minimum to be spent in the club restaurants. Only one did not require a dining fee or food minimum.

For detailed information about our survey, please contact Gina Lorenzo at 704.545.7605 or gina@yourpropertypeople.com.

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