Down in South Florida, there are a lot of communities. many of these communities are country club communities. Sometimes you can find a great deal on a house, but to come to realize there’s a membership fee and annual dues associated with the property.
A country club is a lifestyle…a wonderful lifestyle with many, many amenities.
For instance, many of the clubs include one or several more golf courses on the premises you get to use. You’ll also find beautiful tennis courts you can take advantage of, basketball courts, racquetball courts, a bistro by the pool where you can order food and drinks and not to mention, fabulous dining and events.
It’s truly like living in a resort, full-year round.
If you don’t play golf, don’t write off a country club just yet. This may be the perfect lifestyle choice for you.
Typically, you can find a great deal in a country club.
About 10%-25% less cost than a home outside a country club.
Why?
Demand.
There’s less demand on homes that include an upfront membership fee and annual dues
I know someone who bought a beautiful 2 BR apartment in an exclusive community in Boca Raton for $7,600. That’s not a typo.
Why? People sometimes need to get out of the payments, and need the cash.
You can find great deals in clubs!!!
And it is an incredible social experience…a great way to meet like-minded people and a way to meet friends. People who often join a country club, really love it.
Don’t know how you can swing it financially?
Here’s how…
Let’s say you have $250,000 you can put towards a home.
Instead of putting $250,000 down on the house, you can put $200,000 towards the house, and take out a larger mortgage on the house. You can then use that $50,000, for instance, on a membership fee, and spread the mortgage payments over a longer period of time.
Take a look at some of the comparisons between the country clubs including membership fee amounts and annual dues in these areas you might be considering: