Geek's Number Talk: Par for the Course

Now more than ever, working from home, health and fitness, and spending time with friends and family are important factors in many people’s lives. So having a golf course near your home could be a huge personal asset. But what about the impact on your bank account?

As far back as the 1990s, research has suggested that the presence of a golf course increased nearby home values by 7.6%. More recent studies indicate that the value decreases significantly as the distance between the home and the golf course increases.

So it’s safe to assume that the presence of a golf course in a residential community is a net benefit to property value in addition to adding to the luxury of a home or neighborhood. However, this nice amenity also comes with a cost for upkeep!