All Topics / Help Needed! / Pitfalls of an apartment purchase in a Golf Course estate condo.

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  • Profile photo of kkingkking
    Member
    @kking
    Join Date: 2006
    Post Count: 17
    July 3, 2007 - 1:33 am

    Hello everyone,

    I am looking at purchasing (Buy-Rent-Sell) an apartment from a mortgagee in possession in a condo situated on a Golf Course estate. Can anyone give me some advice about the pitfall associated with this type of property please?

    Thanks,
    Kerry

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    July 3, 2007 - 1:49 am

    None that I am aware of except maybe stray golf balls

    They are more or less like any other strata property.  The pleasant aspect of the green golf courses attracts people besides golfers and many are gated communities which is also a positive point of difference.

    Good luck to you,

    Profile photo of m.pulleym.pulley
    Member
    @m.pulley
    Join Date: 2006
    Post Count: 45
    July 3, 2007 - 4:54 am

    Hi Kerry,

    I have a friend who has an appartment as an investment property on a golf course in WA. He has not had any problems with tennants or finding tennants and as he is the owner, it includes membership to the world class golf course.
    He plays golf every morning in the summer and sees no pitfalls in the property being on the golf course.

    regards,
    Mark

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