As with any retirement community, golf retirement communities have both their pros and cons.
If you’re a golf enthusiast, one of the many golf communities may be the right fit for you. Not only is it great exercise, but it’s also a wonderful social outlet. You get to socialize with people that are on the same page that you are.
Just make sure that the members of the retirement community own the golf course.
If the developer owns the course, he is most likely going to be interested in turning a profit and may open the course to the public. In which case, you may have to wait weeks to get a tee time.
If it’s owned by the HOA, it will most likely only be open to the residents of the community. The downfall with that is that there are usually hefty fees to cover the maintenance of the course.
Another option would be to buy into a retirement community that is close to several golf courses. That way you would have a variety of courses to choose from and you wouldn’t have the maintenance fees. If you choose this option, you may want to get a Players Pass. Click on this link to Groupon and get a 60% discount! The Pass grants discounts to more than 2,000 golf courses locally and nationwide, including top links in your area. Having it will definitely save you money. You'll get discounts for 6 months at over 2000 courses around the world.
If you chose to buy into a golf retirement community, do so as a reward to yourself. Don’t do it as an investment. In the past 10 years, the number of residential golf communities has grown by a whopping 72% so it’s probably not the greatest investment.
So, what cities made the list of the 10 great retirement spots for golf nuts (according to US News And World Report)?
Is a golf community on your list of "Best Places To Retire"?
Check out all of the communities in the area before you decide where to make your home.