Whether you look at it as money saved or money earned, moving from a high-cost place to a low-cost place will put a pile of dough back in your budget or your bank account. How much depends on your lifestyle and how much you spend on an annual basis.
In conducting research for an article in this month’s Home On The Course newsletter -– click here to subscribe, it’s free! –- we found savings as high as almost 60% if a couple were to relocate from an expensive metro area like San Francisco or New York to a nice golf community in a remote and pleasant low-cost area of the Carolinas or Tennessee. For a couple that spends a total of, say, $100,000 annually -– not hard to do in some of the highest cost metro markets in the nation -– the savings could pay for pricey annual club dues, a complete kitchen makeover and a European vacation.
In our latest issue of Home On The Course, we pick a few city pairs and show specific examples of savings, along with our recommendations of golf communities in the destination towns. We also make the case for why anyone searching for a golf community home should insist on copies of all documents relevant to the development of the community, including covenants and restrictions. One South Carolina community’s residents are suing its club (and other residents) for enforcing a new mandatory membership plan. If only they had read the documents carefully (or at all).
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If you were to move from, say, Stamford, CT to this community in Aiken, SC, you would save about 50% per year on your total expenses.
