Buying a golf home where you will spend most of the rest of your life is intimidating enough without adding unnecessary worries.  This month we take five of those worries off your plate.

 
August 2018 
Treyburn Country Club, Durham, NC

Multi-course country clubs 
charge more, provide more

 

Most golfers would prefer not to play the same 18 holes day after day.  But variety inside the gates of a golf community comes with a price.  Of the last 20 or so golf communities I have visited, initiation fees and monthly dues have averaged about $5,000 and $500, respectively, for clubs with 18-hole courses.  For those golfers with a penchant for variety, the multi-course communities I visited ranged in initiation fees from around $10,000 to $30,000, with dues roughly set at $800 per month.

If you can swing the extra initiation fee and dues, or better yet, build the initiation fee into the budget for your home purchase, the multi-course solution can be a better deal.  Take The Landings in Savannah, GA, a sprawling community of 4,800 acres that can easily accommodate its six manicured and diverse golf courses.  Cost to join was just a hair under $30,000 when I looked a couple of years ago.  Divide that initiation fee by the 108 holes of golf available to all members, and you come up with a cost per hole of  $278.  Take one of those $5,000 country clubs and divide by its 18 holes and the cost per hole is exactly the same at $278.  Find a multi-layout club that suits you and charges less than $30,000 and you will do even better, cost-wise.  And you will play more golf courses as often as you like.

One way to get way ahead of the game in terms of cost per hole is to become a member of one of the McConnell Golf Group’s courses in the Carolinas and Tennessee.  Most McConnell country clubs are located inside the gates of some of the Southeast’s best communities.  Depending on which McConnell club you join, you pay anywhere from $10,000 to $25,000 and have access to all the group’s 13 private courses.  Dues at one of the McConnell courses, The Reserve at Litchfield in coastal South Carolina, are around $400 per month, extremely competitive for any private club and unheard of for a club that makes a dozen other top courses available.  The per hole cost is just $43 per hole, and you won’t do better than that virtually anywhere.

McConnell courses are not connected organizationally to the many communities in which they are located, but many of those communities’ residents are club members.  The communities include Treyburn in Durham, NC (a Tom Fazio course); the aforementioned Reserve Club near Pawleys Island, SC (Greg Norman); Sedgefield Country Club outside Greensboro, NC, with two courses designed individually by Donald Ross and Pete Dye; Brook Valley in Greenville, NC (Ellis Maples); and Holston Hills near Knoxville, TN, a classic design by Donald Ross.

Of course, there is some drive time between McConnell courses, but even if you stay and play your home club course almost all the time, you won’t be paying much more than at most other 18-hole private clubs.  

 

Saving money won’t make you
happy in South Carolina or Tennessee

 

As mentioned in this month’s main feature, taxes are only one component of overall cost of living and should be treated as such.  Yet rankings of states by total affordability tend to heavily weight that taxation component (see chart below).  But even Wallethub.com, which publishes many rankings each year, indicates that the financial aspects of retirement do not necessarily make for a happy retirement.  The “overall rank” below from Wallethub’s “Best & Worst States to Retire” list adds such ratings as “quality of life” and “healthcare.”

 

 Tax RankAffordability RankOverall Rank
Florida 9th 1st 1st
Georgia 23rd 24th 37th
North Carolina 24th 25th 28th
South Carolina 10th 6th 27th
Virginia 27th 18th 5th
Tennessee 6th 5th 35th

 

Tax Rank from Wallethub.com 2018 Tax Rates by State:  click here

 

Affordability Rank from Wallethub.com 2018 Best and Worst States to Retire:  click here

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


Five worries to ignore when
searching for a golf home

Searching for the perfect golf community home is tough enough without polluting your research with unnecessary concerns.  Over the last dozen years working with hundreds of clients, I have found that some couples entering retirement worry needlessly about things they should basically ignore.  Here are five worries that should not be a significant part of any search for a golf home.

    

State and local taxes 

Every one of the 50 States in the Union must raise taxes to pay for the things its citizens count on, such as roadways, emergency relief, schools and all the other services most of us take for granted.  States like Florida, Alabama and New Hampshire may look reasonable, at first blush, as low cost-of-living havens because they do not assess a state income tax.  Yet, these states must make financial collections of some sort in order to pay for state services.  So whereas Florida’s state income tax is zero and its property tax rates are generally lower than the national average, free-spending retirees may find the Sunshine State’s sales tax average of 6.8% (combined state and local taxes) annoying.  And many Floridians find it appropriate to have a strategy for buying a car elsewhere, as Florida assesses a 6% sales tax on the entire purchase price; and county sales tax (based on where the buyer lives) adds an additional tax on the first $5,000 of the car’s purchase price (or on each lease payment).

It is smart to have a budget plan for retirement, but it is silly to over-obsess about taxes.  Overall cost of living, of which taxes are a component, should guide you in your considerations about where you can afford to live.  And if affordability is your most important consideration for your retirement location, look at retirement in a Midwest state.  On US New & World Report’s list of most affordable states, Ohio is overall the cheapest, followed in order by Indiana, Iowa, Michigan and Nebraska.  Florida does not make the Top 10.

 

Country club initiation fees

You have made the decision to live in a golf community for one main reason, to play golf where you live.  If it weren’t for the golf, you could choose one of many wonderful homes in communities or old-fashioned neighborhoods with no golf inside the gates.   If you are a golfer, it makes little sense to torture yourself by living adjacent to a golf course you won’t play because it is too expensive.

But is it?  Some might feel that a $30,000 joining fee, for example, is just too much to pay, no matter how much you plan to use the club’s facilities and golf courses.  If you have, say, a $400,000 budget for a home and a $10,000 budget for golf membership (before dues), it should not be too difficult to find a house you like for $380,000; just include the $30,000 membership in your overall $410,000 budget and you will have the best of both worlds.  

Consider that when you join a club in the community you move to, it will help you integrate into the social life of the community that much quicker.  (Note:  I have purposely used the high-end of initiation fees for the sake of the example above; most country clubs inside golf communities have lowered their fees post-recession to attract a steady stream of members.  Many fine private clubs are now charging between $5,000 and $10,000 to join, some less.)

 

Distance to airport

I have visited roughly 150 golf communities in the 12+ years I have worked with people to find their dream golf homes, and I don’t believe I have ever visited one that was more than two hours from a decent regional or major-hub airport.  Indeed, most of them are inside one hour.   Although I include “distance to airport” as one of the criteria on my Golf Homes Questionnaire, I counsel clients not to consider it as a requirement.  Unless you are an air traffic controller, it isn’t as if you are going to endure a daily commute of 90 minutes or so to the airport; chances are your travel schedule during your retirement years will include no more than four trips per year to see family or friends or to visit far-flung vacation destinations.  Those airport round-trips add up to just a few hours extra on an annual basis.  Are you really going to choose one golf community over another based on the slightly shorter distance to an airport?  You shouldn’t.

 

Community friendliness

If you are a frequent reader of this newsletter, you know I have harped on this issue consistently, the question in some couples’ minds about whether a particular golf community comprises friendly residents.   The quick answer is that all golf communities are substantially friendly, just like all neighborhoods where you lived your lives and raised your kids were friendly; if they weren’t, you would have moved, right?  But whereas few couples would have asked their real estate agent if a neighborhood was friendly before they bought a house there (and raised their children), somehow the question comes up often among retirees searching for a golf community.

The simple response is that if you are friendly, you will make friends.  And you will make them faster if you jump willingly into the organized activities of the community (see club initiation fee item above), whether that means joining the men’s and women’s golf leagues, social clubs, getting involved with governance of the golf club and all the other myriad activities you will find in most medium- to large-sized golf communities.  As with anything in life, you typically get out what you put in, including new friends.

 

Summer temperatures

Many of us with our eyes on the Southeast as a permanent or half-year destination obsess about the heat in the summer.   We envision strategies where we play golf either first thing in the morning or very late in the day to avoid the consequences of heat and humidity, and we make sure cold drinks and towels are easily at hand.  (Country clubs in the Southeast are good about helping their members and guests avoid heat prostration.)

More to the point, the perception that some states are hotter and more humid than others in the Southeast drives our choice of where to live.  Florida, of course, has the reputation of being the hottest of them all, one reason why some of the state’s private courses permit public play in July and August in an attempt to keep some revenue stream going.  (Their members typically head north for the summer.)  But are temperatures in Florida so much higher in summer that they justify some retirees ignoring the Sunshine State altogether, and passing up clearly the best weather in the South during the winter months?

The answer is, “Not really.”  The travel website Thrillist.com studied weather in all 50 states and ranked each from best to worst.  You want the best weather in the nation?  Move to Washington State.  You want to avoid the worst weather in the country?  Stay away from Mississippi.  The rest of the rankings at Thrillist are interesting, if not all that descriptive.  Our favorite Southeast states don’t fare very well, with Georgia named the 6th worst for weather, Florida the 8th worst, South Carolina 10th from the bottom and Virginia the 15th worst.  If you put stock in Thrillist’s ratings, North Carolina is the place to be, ranking 31st worst or, put more positively, 19th best.

But is there really that much difference, say, between Sarasota, FL, in August and Raleigh, NC?  I took a snapshot of temperatures and heat indices on August 9 at 3 PM EDT in half a dozen southern cities, and I didn’t see much difference from Florida to North Carolina (heat index in parentheses):

 

Sarasota, FL 90 (103)
Vero Beach, FL 89 (98)
Savannah, GA 94 (106)
Myrtle Beach, SC 91 (99)
Wilmington, NC 89 (95)
Raleigh, NC 86 (91)

 

Those are all uncomfortably high readings but note that Sarasota was one degree cooler than Myrtle Beach and that Vero Beach and Wilmington, NC, posted the same temperatures; Wilmington is 620 miles north of Vero.  In other words, parts of Florida are less hot than some parts of the Carolinas in the summer (on certain days).  The difference is a matter of degrees—but only a few of them.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
Buying a golf home where you will spend most of the rest of your life is intimidating enough without adding unnecessary worries.  This month we take five of those worries off your plate.

 
August 2018 
Treyburn Country Club, Durham, NC

Multi-course country clubs 
charge more, provide more

 

Most golfers would prefer not to play the same 18 holes day after day.  But variety inside the gates of a golf community comes with a price.  Of the last 20 or so golf communities I have visited, initiation fees and monthly dues have averaged about $5,000 and $500, respectively, for clubs with 18-hole courses.  For those golfers with a penchant for variety, the multi-course communities I visited ranged in initiation fees from around $10,000 to $30,000, with dues roughly set at $800 per month.

If you can swing the extra initiation fee and dues, or better yet, build the initiation fee into the budget for your home purchase, the multi-course solution can be a better deal.  Take The Landings in Savannah, GA, a sprawling community of 4,800 acres that can easily accommodate its six manicured and diverse golf courses.  Cost to join was just a hair under $30,000 when I looked a couple of years ago.  Divide that initiation fee by the 108 holes of golf available to all members, and you come up with a cost per hole of  $278.  Take one of those $5,000 country clubs and divide by its 18 holes and the cost per hole is exactly the same at $278.  Find a multi-layout club that suits you and charges less than $30,000 and you will do even better, cost-wise.  And you will play more golf courses as often as you like.

One way to get way ahead of the game in terms of cost per hole is to become a member of one of the McConnell Golf Group’s courses in the Carolinas and Tennessee.  Most McConnell country clubs are located inside the gates of some of the Southeast’s best communities.  Depending on which McConnell club you join, you pay anywhere from $10,000 to $25,000 and have access to all the group’s 13 private courses.  Dues at one of the McConnell courses, The Reserve at Litchfield in coastal South Carolina, are around $400 per month, extremely competitive for any private club and unheard of for a club that makes a dozen other top courses available.  The per hole cost is just $43 per hole, and you won’t do better than that virtually anywhere.

McConnell courses are not connected organizationally to the many communities in which they are located, but many of those communities’ residents are club members.  The communities include Treyburn in Durham, NC (a Tom Fazio course); the aforementioned Reserve Club near Pawleys Island, SC (Greg Norman); Sedgefield Country Club outside Greensboro, NC, with two courses designed individually by Donald Ross and Pete Dye; Brook Valley in Greenville, NC (Ellis Maples); and Holston Hills near Knoxville, TN, a classic design by Donald Ross.

Of course, there is some drive time between McConnell courses, but even if you stay and play your home club course almost all the time, you won’t be paying much more than at most other 18-hole private clubs.  

 

Saving money won’t make you
happy in South Carolina or Tennessee

 

As mentioned in this month’s main feature, taxes are only one component of overall cost of living and should be treated as such.  Yet rankings of states by total affordability tend to heavily weight that taxation component (see chart below).  But even Wallethub.com, which publishes many rankings each year, indicates that the financial aspects of retirement do not necessarily make for a happy retirement.  The “overall rank” below from Wallethub’s “Best & Worst States to Retire” list adds such ratings as “quality of life” and “healthcare.”

 

 Tax RankAffordability RankOverall Rank
Florida 9th 1st 1st
Georgia 23rd 24th 37th
North Carolina 24th 25th 28th
South Carolina 10th 6th 27th
Virginia 27th 18th 5th
Tennessee 6th 5th 35th

 

Tax Rank from Wallethub.com 2018 Tax Rates by State:  click here

 

Affordability Rank from Wallethub.com 2018 Best and Worst States to Retire:  click here

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


Five worries to ignore when
searching for a golf home

Searching for the perfect golf community home is tough enough without polluting your research with unnecessary concerns.  Over the last dozen years working with hundreds of clients, I have found that some couples entering retirement worry needlessly about things they should basically ignore.  Here are five worries that should not be a significant part of any search for a golf home.

    

State and local taxes 

Every one of the 50 States in the Union must raise taxes to pay for the things its citizens count on, such as roadways, emergency relief, schools and all the other services most of us take for granted.  States like Florida, Alabama and New Hampshire may look reasonable, at first blush, as low cost-of-living havens because they do not assess a state income tax.  Yet, these states must make financial collections of some sort in order to pay for state services.  So whereas Florida’s state income tax is zero and its property tax rates are generally lower than the national average, free-spending retirees may find the Sunshine State’s sales tax average of 6.8% (combined state and local taxes) annoying.  And many Floridians find it appropriate to have a strategy for buying a car elsewhere, as Florida assesses a 6% sales tax on the entire purchase price; and county sales tax (based on where the buyer lives) adds an additional tax on the first $5,000 of the car’s purchase price (or on each lease payment).

It is smart to have a budget plan for retirement, but it is silly to over-obsess about taxes.  Overall cost of living, of which taxes are a component, should guide you in your considerations about where you can afford to live.  And if affordability is your most important consideration for your retirement location, look at retirement in a Midwest state.  On US New & World Report’s list of most affordable states, Ohio is overall the cheapest, followed in order by Indiana, Iowa, Michigan and Nebraska.  Florida does not make the Top 10.

 

Country club initiation fees

You have made the decision to live in a golf community for one main reason, to play golf where you live.  If it weren’t for the golf, you could choose one of many wonderful homes in communities or old-fashioned neighborhoods with no golf inside the gates.   If you are a golfer, it makes little sense to torture yourself by living adjacent to a golf course you won’t play because it is too expensive.

But is it?  Some might feel that a $30,000 joining fee, for example, is just too much to pay, no matter how much you plan to use the club’s facilities and golf courses.  If you have, say, a $400,000 budget for a home and a $10,000 budget for golf membership (before dues), it should not be too difficult to find a house you like for $380,000; just include the $30,000 membership in your overall $410,000 budget and you will have the best of both worlds.  

Consider that when you join a club in the community you move to, it will help you integrate into the social life of the community that much quicker.  (Note:  I have purposely used the high-end of initiation fees for the sake of the example above; most country clubs inside golf communities have lowered their fees post-recession to attract a steady stream of members.  Many fine private clubs are now charging between $5,000 and $10,000 to join, some less.)

 

Distance to airport

I have visited roughly 150 golf communities in the 12+ years I have worked with people to find their dream golf homes, and I don’t believe I have ever visited one that was more than two hours from a decent regional or major-hub airport.  Indeed, most of them are inside one hour.   Although I include “distance to airport” as one of the criteria on my Golf Homes Questionnaire, I counsel clients not to consider it as a requirement.  Unless you are an air traffic controller, it isn’t as if you are going to endure a daily commute of 90 minutes or so to the airport; chances are your travel schedule during your retirement years will include no more than four trips per year to see family or friends or to visit far-flung vacation destinations.  Those airport round-trips add up to just a few hours extra on an annual basis.  Are you really going to choose one golf community over another based on the slightly shorter distance to an airport?  You shouldn’t.

 

Community friendliness

If you are a frequent reader of this newsletter, you know I have harped on this issue consistently, the question in some couples’ minds about whether a particular golf community comprises friendly residents.   The quick answer is that all golf communities are substantially friendly, just like all neighborhoods where you lived your lives and raised your kids were friendly; if they weren’t, you would have moved, right?  But whereas few couples would have asked their real estate agent if a neighborhood was friendly before they bought a house there (and raised their children), somehow the question comes up often among retirees searching for a golf community.

The simple response is that if you are friendly, you will make friends.  And you will make them faster if you jump willingly into the organized activities of the community (see club initiation fee item above), whether that means joining the men’s and women’s golf leagues, social clubs, getting involved with governance of the golf club and all the other myriad activities you will find in most medium- to large-sized golf communities.  As with anything in life, you typically get out what you put in, including new friends.

 

Summer temperatures

Many of us with our eyes on the Southeast as a permanent or half-year destination obsess about the heat in the summer.   We envision strategies where we play golf either first thing in the morning or very late in the day to avoid the consequences of heat and humidity, and we make sure cold drinks and towels are easily at hand.  (Country clubs in the Southeast are good about helping their members and guests avoid heat prostration.)

More to the point, the perception that some states are hotter and more humid than others in the Southeast drives our choice of where to live.  Florida, of course, has the reputation of being the hottest of them all, one reason why some of the state’s private courses permit public play in July and August in an attempt to keep some revenue stream going.  (Their members typically head north for the summer.)  But are temperatures in Florida so much higher in summer that they justify some retirees ignoring the Sunshine State altogether, and passing up clearly the best weather in the South during the winter months?

The answer is, “Not really.”  The travel website Thrillist.com studied weather in all 50 states and ranked each from best to worst.  You want the best weather in the nation?  Move to Washington State.  You want to avoid the worst weather in the country?  Stay away from Mississippi.  The rest of the rankings at Thrillist are interesting, if not all that descriptive.  Our favorite Southeast states don’t fare very well, with Georgia named the 6th worst for weather, Florida the 8th worst, South Carolina 10th from the bottom and Virginia the 15th worst.  If you put stock in Thrillist’s ratings, North Carolina is the place to be, ranking 31st worst or, put more positively, 19th best.

But is there really that much difference, say, between Sarasota, FL, in August and Raleigh, NC?  I took a snapshot of temperatures and heat indices on August 9 at 3 PM EDT in half a dozen southern cities, and I didn’t see much difference from Florida to North Carolina (heat index in parentheses):

 

Sarasota, FL 90 (103)
Vero Beach, FL 89 (98)
Savannah, GA 94 (106)
Myrtle Beach, SC 91 (99)
Wilmington, NC 89 (95)
Raleigh, NC 86 (91)

 

Those are all uncomfortably high readings but note that Sarasota was one degree cooler than Myrtle Beach and that Vero Beach and Wilmington, NC, posted the same temperatures; Wilmington is 620 miles north of Vero.  In other words, parts of Florida are less hot than some parts of the Carolinas in the summer (on certain days).  The difference is a matter of degrees—but only a few of them.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
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Apologies for the tardiness of this month’s newsletter, but I am in South Carolina, and the heat and pace does something to my productivity (and golf game).  But here is this month’s rendition; I hope you like it.

 
July 2018 
Pawleys Plantation, 17th hole
Pawleys Island, SC

Best Case, Worst Case: 
Most retiree friendly state rankings depend on what you measure

 

This seems to be the season for best state/worst state lists.  A few magazines and online sources have published theirs in recent months.   As always they differ, substantially because they measure and emphasize different things.  If a retired couple emphasizes the same categories, these can be somewhat worthwhile as guides.  Otherwise, move on.

The rankings from Bankrate.com will hardly be worth the time of any retirees who have a warm weather climate as their top requirement.  “Weather” is just one of seven categories that appear to be equally weighted.  Only Florida (#5) and North Carolina (tied at 6th with Montana) are Southeast states that rank in Bankrate’s overall Top 10.  Other Southeast Region states are ranked considerably lower, including Virginia (13), Georgia (37) and South Carolina (41).

Rankings within the categories that make up the Bankrate listings will be of greater value to baby boomers seeking a home in the South.  Those categories include cost of living, crime, culture, health care quality, weather and well-being.  The well being category includes information from a Gallup survey that judges how people feel about their lives.

In terms of cost of living, here’s to the state of Mississippi, which ranks first.  However, if you enjoy the occasional museum or live theater experience, Mississippi ranks 48th in culture and 47th in well being.  Arkansas, which ranks 2nd in cost of living, finishes dead last of all 50 states in both culture and health care quality.  The moniker “God’s Waiting Room,” according to Bankrate, may be justified in Florida’s case as it ranks 36th in health care quality (yet 12th in well being).  The Sunshine State’s weather and well being rankings are 2nd and 4th, respectively.

As for the other Southeastern states, Georgia ranks only 37th overall but gets fairly high marks for cost of living (15th) and weather (6th).  The only bad number for North Carolina, ranked 6th overall, is for culture (40th), with cost of living (12th), taxes (11th) and weather (12th) propping up its overall ranking.  South Carolina’s meager overall ranking of 41st is the result of shortcomings almost across the board, with weather (8th) saving the day.  (Even South Carolina’s cost of living, which typically shows up as among the lowest in the nation, ranks only 23rd in that category.)

One cautionary note:  Cost of living is as much determined by where you live within a state than by the entire state’s performance in the category.  Property and other taxes can vary significantly from county to county. 

For the Bankrate full rankings and accompanying explanations, click here.

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


Summer Reflections on Golf Courses, Golf Communities and a Few Other Things

I am spending a few summer days in the Low Country of South Carolina, which is to say the golf is super hot, literally, and my brain is on simmer.   Whether it is the heat or the slow pace of Southern life during the dog days, I have trouble doing much that involves effort (except, of course, for golf).  But, dear reader, I owe you a newsletter for July so here it comes, belatedly, with some random thoughts and observations rather than the typical one-note article.

 

What some people don’t know could kill them

I have a healthy respect for alligators, not because I’ve had a bad experience but because of TV movies in my youth that gave me nightmares.  I pay attention when the locals in Pawleys Island, SC, talk about alligators.  I have learned, for example, that if an alligator comes after you, run in a zigzag since alligators have no ability to turn.  This turns out to be fairly useless advice since I have never seen an alligator wander more than five or 10 feet from the bank of a pond or lake (and, for the record, I have seen dozens of alligators in the area south of Myrtle Beach alone).

I recall a junior golf tournament one summer about 15 years ago at Caledonia Golf and Fish Club in Pawleys Island.  In my 13-year-old son’s group was another youngster who hooked a shot to the left and below one green, about five feet from a pond—and about 10 feet from a resting alligator.   The kid’s father had to physically restrain him from going down to play the ball.  The boy had grown up in the area and figured that if you didn’t bother the alligator, he (or she) wouldn’t bother you, although that might not be the case when brandishing a pitching wedge near the face of a gator.

Okay, I blame that on youthful ignorance, but a recent incident at Pawleys Plantation Golf Club shows that adults can be even dumber.  I was paired with three golfers visiting from South Africa—there is no word in Afrikaans for “alligator” but there is for crocodile—and, at the par 3 3rd hole, which features a long bunker about 50 yards short of the green, there was a mother alligator resting in the bunker with her baby.  We hit our shots well over the gators and onto and beside the green, and before I proceeded forward in my cart, one of the South Africans was already out of his, cell phone in hand, walking toward the gators.  He got within 10 feet of them at which point I shouted in a hoarse whisper, “Stop…and walk slowly backwards.”  He waved me off, took the photo and returned to his cart.  At the green, he asked me what the fuss was about.  I told him to never mess with a gator, especially when one is guarding a young one, and I thought it instructive to tell him how a gator can drag a human into a pond and go into a death roll until its prey is either exhausted or drowned.   Clearly, my South African partner had missed the alligator episode on Wild Kingdom.

 

Golf community costs are relative;
you get what you pay for

I had an interesting discussion a couple of days ago with friends who live a few doors down from us in our condo building at Pawleys Plantation.  We and our neighbors have been blessed for the 20 years that we have owned the condo that only one unit has been rented to vacationers, and then only over the course of a couple of years.  The couple I was talking with lives next door to that previously rented unit, and they indicated the experience was not a good one—noise, cars parked randomly, that kind of thing.  They indicated that if any of the rest of the owners in the adjacent condos were to sell to people who rented out their units on a short-term basis, then they would find another place to live.

Fair enough, but a second reason for them to consider departing was the HOA (Homeowner Association) fees.  At Pawleys Plantation, condo owners pay quarterly dues not only for their condos but also an overall fee to the community’s HOA.  The total of all HOA payments amounts to about $2,700 annually; in my experience, that is competitive with the dozens of other semi-private golf communities I have reviewed.  Most of our HOA expense is for a guarded gate at the entrance off US Highway 17, and when I asked my friends if they’d be willing to give up the guarded gate to pay lower HOA fees, they quickly said, “Of course not.  We like having the gate.”

 

Best Golf Community?  The Play’s the Thing

I am often asked to name my favorite golf community, a question I always duck with a stock response:  “It depends.”  As indicated above, the fees where my wife and I have maintained a vacation home at Pawleys Plantation in Pawleys Island, SC, for most of the last 20 years are reasonable, the golf course is never boring, and our condo safe, secure and looked after by kind neighbors for the many weeks we are not in residence.

The “best” golf communities are those that most closely match a couple’s top requirements.  Some are a matter of choice but most of the top ones are a matter of necessity.  For example, if you have a history of medical issues, you would be well advised to choose a community close to a highly ranked hospital and the excellent doctors it attracts.  If you plan to host friends and family at your new golf community home, or expect to do a significant amount of traveling in retirement (or you still have a few years of work-related travel), an efficient airport within, say, an hour will be important. 

But you are, after all, going to live in a golf community, and the quality of golf will also be a strong determining factor in your choice.  For those who plan to play golf a few times a week, the quality of the course inside the gates will be the most important consideration.  If you appreciate diversity in your golf experiences, then a community with more than one golf course—or multiple options nearby—should be high on your list.  When you visit golf communities in one area, make sure to play as many of the most well reviewed golf courses, both inside and outside the gates, as possible.  For those who prefer a single golf course that is challenging enough to hold your interest through multiple plays, make sure you do just that—play the course a few times.  That’s all it should take to learn whether the layout and conditions will keep you at attention through day after day if you are a golf glutton.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

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Apologies for the tardiness of this month’s newsletter, but I am in South Carolina, and the heat and pace does something to my productivity (and golf game).  But here is this month’s rendition; I hope you like it.

 
July 2018 
Pawleys Plantation, 17th hole
Pawleys Island, SC

Best Case, Worst Case: 
Most retiree friendly state rankings depend on what you measure

 

This seems to be the season for best state/worst state lists.  A few magazines and online sources have published theirs in recent months.   As always they differ, substantially because they measure and emphasize different things.  If a retired couple emphasizes the same categories, these can be somewhat worthwhile as guides.  Otherwise, move on.

The rankings from Bankrate.com will hardly be worth the time of any retirees who have a warm weather climate as their top requirement.  “Weather” is just one of seven categories that appear to be equally weighted.  Only Florida (#5) and North Carolina (tied at 6th with Montana) are Southeast states that rank in Bankrate’s overall Top 10.  Other Southeast Region states are ranked considerably lower, including Virginia (13), Georgia (37) and South Carolina (41).

Rankings within the categories that make up the Bankrate listings will be of greater value to baby boomers seeking a home in the South.  Those categories include cost of living, crime, culture, health care quality, weather and well-being.  The well being category includes information from a Gallup survey that judges how people feel about their lives.

In terms of cost of living, here’s to the state of Mississippi, which ranks first.  However, if you enjoy the occasional museum or live theater experience, Mississippi ranks 48th in culture and 47th in well being.  Arkansas, which ranks 2nd in cost of living, finishes dead last of all 50 states in both culture and health care quality.  The moniker “God’s Waiting Room,” according to Bankrate, may be justified in Florida’s case as it ranks 36th in health care quality (yet 12th in well being).  The Sunshine State’s weather and well being rankings are 2nd and 4th, respectively.

As for the other Southeastern states, Georgia ranks only 37th overall but gets fairly high marks for cost of living (15th) and weather (6th).  The only bad number for North Carolina, ranked 6th overall, is for culture (40th), with cost of living (12th), taxes (11th) and weather (12th) propping up its overall ranking.  South Carolina’s meager overall ranking of 41st is the result of shortcomings almost across the board, with weather (8th) saving the day.  (Even South Carolina’s cost of living, which typically shows up as among the lowest in the nation, ranks only 23rd in that category.)

One cautionary note:  Cost of living is as much determined by where you live within a state than by the entire state’s performance in the category.  Property and other taxes can vary significantly from county to county. 

For the Bankrate full rankings and accompanying explanations, click here.

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


Summer Reflections on Golf Courses, Golf Communities and a Few Other Things

I am spending a few summer days in the Low Country of South Carolina, which is to say the golf is super hot, literally, and my brain is on simmer.   Whether it is the heat or the slow pace of Southern life during the dog days, I have trouble doing much that involves effort (except, of course, for golf).  But, dear reader, I owe you a newsletter for July so here it comes, belatedly, with some random thoughts and observations rather than the typical one-note article.

 

What some people don’t know could kill them

I have a healthy respect for alligators, not because I’ve had a bad experience but because of TV movies in my youth that gave me nightmares.  I pay attention when the locals in Pawleys Island, SC, talk about alligators.  I have learned, for example, that if an alligator comes after you, run in a zigzag since alligators have no ability to turn.  This turns out to be fairly useless advice since I have never seen an alligator wander more than five or 10 feet from the bank of a pond or lake (and, for the record, I have seen dozens of alligators in the area south of Myrtle Beach alone).

I recall a junior golf tournament one summer about 15 years ago at Caledonia Golf and Fish Club in Pawleys Island.  In my 13-year-old son’s group was another youngster who hooked a shot to the left and below one green, about five feet from a pond—and about 10 feet from a resting alligator.   The kid’s father had to physically restrain him from going down to play the ball.  The boy had grown up in the area and figured that if you didn’t bother the alligator, he (or she) wouldn’t bother you, although that might not be the case when brandishing a pitching wedge near the face of a gator.

Okay, I blame that on youthful ignorance, but a recent incident at Pawleys Plantation Golf Club shows that adults can be even dumber.  I was paired with three golfers visiting from South Africa—there is no word in Afrikaans for “alligator” but there is for crocodile—and, at the par 3 3rd hole, which features a long bunker about 50 yards short of the green, there was a mother alligator resting in the bunker with her baby.  We hit our shots well over the gators and onto and beside the green, and before I proceeded forward in my cart, one of the South Africans was already out of his, cell phone in hand, walking toward the gators.  He got within 10 feet of them at which point I shouted in a hoarse whisper, “Stop…and walk slowly backwards.”  He waved me off, took the photo and returned to his cart.  At the green, he asked me what the fuss was about.  I told him to never mess with a gator, especially when one is guarding a young one, and I thought it instructive to tell him how a gator can drag a human into a pond and go into a death roll until its prey is either exhausted or drowned.   Clearly, my South African partner had missed the alligator episode on Wild Kingdom.

 

Golf community costs are relative;
you get what you pay for

I had an interesting discussion a couple of days ago with friends who live a few doors down from us in our condo building at Pawleys Plantation.  We and our neighbors have been blessed for the 20 years that we have owned the condo that only one unit has been rented to vacationers, and then only over the course of a couple of years.  The couple I was talking with lives next door to that previously rented unit, and they indicated the experience was not a good one—noise, cars parked randomly, that kind of thing.  They indicated that if any of the rest of the owners in the adjacent condos were to sell to people who rented out their units on a short-term basis, then they would find another place to live.

Fair enough, but a second reason for them to consider departing was the HOA (Homeowner Association) fees.  At Pawleys Plantation, condo owners pay quarterly dues not only for their condos but also an overall fee to the community’s HOA.  The total of all HOA payments amounts to about $2,700 annually; in my experience, that is competitive with the dozens of other semi-private golf communities I have reviewed.  Most of our HOA expense is for a guarded gate at the entrance off US Highway 17, and when I asked my friends if they’d be willing to give up the guarded gate to pay lower HOA fees, they quickly said, “Of course not.  We like having the gate.”

 

Best Golf Community?  The Play’s the Thing

I am often asked to name my favorite golf community, a question I always duck with a stock response:  “It depends.”  As indicated above, the fees where my wife and I have maintained a vacation home at Pawleys Plantation in Pawleys Island, SC, for most of the last 20 years are reasonable, the golf course is never boring, and our condo safe, secure and looked after by kind neighbors for the many weeks we are not in residence.

The “best” golf communities are those that most closely match a couple’s top requirements.  Some are a matter of choice but most of the top ones are a matter of necessity.  For example, if you have a history of medical issues, you would be well advised to choose a community close to a highly ranked hospital and the excellent doctors it attracts.  If you plan to host friends and family at your new golf community home, or expect to do a significant amount of traveling in retirement (or you still have a few years of work-related travel), an efficient airport within, say, an hour will be important. 

But you are, after all, going to live in a golf community, and the quality of golf will also be a strong determining factor in your choice.  For those who plan to play golf a few times a week, the quality of the course inside the gates will be the most important consideration.  If you appreciate diversity in your golf experiences, then a community with more than one golf course—or multiple options nearby—should be high on your list.  When you visit golf communities in one area, make sure to play as many of the most well reviewed golf courses, both inside and outside the gates, as possible.  For those who prefer a single golf course that is challenging enough to hold your interest through multiple plays, make sure you do just that—play the course a few times.  That’s all it should take to learn whether the layout and conditions will keep you at attention through day after day if you are a golf glutton.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

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-->
Any home is a big investment, and you want to get it right. Where expenses are involved, don’t make assumptions that could cost you later. Read on.

 
June 2018 
Reynolds Lake Oconee
Greensboro, GA

Time Travel: See the World…from Your Golf Community

Many retired couples intend to travel extensively when they finally have the time.   Any advantages the near-urban areas of the North have over their counterparts in the South include proximity to airports with international flights.  Couples who like to travel should think carefully about their choice of a golf community in the South; travel to and from the nearest airports and then regional flights to larger airports with international flights could become burdensome more than once or twice a year.  

Here are a few door-to-door times from select golf communities in the Southeast to Charles de Gaulle International Airport in Paris, France.  Total times include the drive from each golf community to the airport that makes the trip as quick as possible.

 

The Landings, Savannah, GA

Initial airport:  Savannah International

Change at:  Dulles International, Washington

Total time:  10 hours, 46 minutes

 

Savannah Lakes Village, McCormick, SC

Initial airport:  Greenville-Spartanburg Internation

Change at:  Dulles International

Total time:  11 hours, 48 minutes

 

Osprey Cove, St. Marys, GA

Initial airport:  Jacksonville International

Change at:  Atlanta International

Total time:  11 hours

 

Governors Club, Chapel Hill, NC

Initial airport:  Raleigh-Durham International

Change at:  Non-stop

Total time:  8 hours, 29 minutes

 

Landfall, Wilmington, NC

Initial airport:  Wilmington International

Change at:  Philadelphia International

Total Time:  11 hours, 20 minutes

 

Cliffs at Keowee Vineyard, Sunset, SC 

Initial airport:  Greenville-Spartanburg

Change at:  Dulles International

Total time:  11 hours, 19 minutes

 

Reynolds Lake Oconee, Greensboro, GA

Initial airport:  Atlanta International 

Change at:  Non-stop

Total time:  9 hours, 43 minutes

 

Audubon Country Club, Naples, FL

Initial airport:  Ft. Myers International

Change at:  Atlanta International

Total time:  11 hours, 26 minutes

 

Pointe West, Vero Beach, FL

Initial airport:  Vero Beach International    

Change at:  Logan International, Boston

Total time:  11 hours

 

 

Census Data Confirms North to South Exodus – and to Oregon too

The migration from northern states and California to warmer climates seems to be gaining even more momentum.  In just the past few weeks, we have seen Census Bureau data that indicates a steady stream of population, especially baby boomers, heading south to the Carolinas, Florida and neighboring states in the first two decades of our century.

One recent study for Where to Retire magazine written by Professor Don Bradley of Samford University shows the transfer of income in and out of all 50 states by citizens 60 and older.  In a dramatically colored map in the print version of the magazine, the dark blue states indicated income losses of $300 million and more, and included New York, Massachusetts, Pennsylvania, New Jersey, Ohio, Michigan, Illinois, California and, a surprise for me at least, Virginia.  States that saw the biggest gains, $150 million or more each, were Oregon, Nevada, Arizona, Colorado, Texas, North Carolina, South Carolina and Florida.  New York was the biggest loser, with a net loss of just over $1 billion.  Florida was the net winner with an inflow of nearly $3 billion.  Other big winners, in order, were Arizona, South Carolina, North Carolina and Oregon to round out the top five.

The Where to Retire article and map is currently available only in the print edition of the July/August 2018 issue.

Another map, published online by CityLab.com indicates the movement of baby boomers during the first 10 years of the millennium.  This map shows a dramatic movement, county by county, especially from the middle of the country and all along the Mississippi River valley to the east and west coasts with the exception of much of coastal California and the high-population areas close to the coast in the middle-Atlantic states.  One county in Arizona and three in Florida show the highest rates of inward migration by baby boomers.

All this movement, which has continued beyond the first decade of the century with only a brief interruption for the recession, is causing a near-term rise in real estate prices as developers scramble to accommodate and take full advantage of the continuing migration trend.  On the horizon, as some of the most popular areas of the South welcome the biggest numbers of newcomers, is stress on public services and the taxes that are sure to follow.  That certainly should not compel any couple from moving south in the coming few years, but the younger baby boomers may see higher costs down the line.

You can view the CityLab map here.

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


Five Potentially Expensive Assumptions 
You Might Make About a Golf Home

I have learned the hard way that how you think you will spend your retirement is not necessarily how you will spend it.  Here are five assumptions some of us make that, perhaps, we should test before we put them into action.

Assumption #1:  I will play golf in retirement at least four or five days per week

This notion is the residue of once-per-week golf played during a busy career.  You have an occasional good round with an under-handicap score and you start thinking, “Boy, if I played this game three or four times a week, I could be pretty good.”  That is probably so, but the chances you will play that often in retirement, with all the other activities that avail themselves when you don’t have to be someplace every weekday at 9 a.m. or at the soccer fields or school plays on the weekends, are no sure thing at all.

How to test the assumption:  Go on vacation for a couple of weeks and, spouse and weather permitting, try to play golf every day.  If after two weeks you are still in love with the idea of playing multiple times per week, then go for it.  If not, you might change your plans from living in a private golf community –- typically more expensive and with higher fees – to a community with a semi-private or even public course, where you won’t be tempted to count how much you are losing when you don’t play.

Assumption #2:  My spouse and I will travel to far flung places a few times a year

I don’t know any couple that thinks they will be housebound in retirement.  Every couple that has not had the chance to travel much in pre-retirement, because of family and occupation considerations, points toward an active travel schedule after their kids are out of the house and they are no longer working.  Couples who were able to travel as frequently as they cared to will probably keep a similar pace in retirement. 

It may be especially difficult for a couple to split the difference between an active travel schedule and a home in a remotely located community.  In many out of the way communities, home prices and fees are so reasonable that it will leave plenty of discretionary income to dedicate to international travel.  But with, say, a two-hour drive to a regional airport, and then one or two connections before hopping a flight overseas, travel more than once a year might seem burdensome.  (Still, we could not find total door-to-door trips from remote golf communities in the Southeast to Paris, France that lasted as much as 12 hours.)

How to test the assumption:  This involves a small investment of time once you have a location in mind for your retirement home.  Check Google Maps or some other mapping program and chart the distance and drive time from the community to the nearest regional airport.  Then pick a destination you plan to visit in retirement; my own test would be a place like Prague for which there are no non-stops from Southeast region airports (but, hey, I still want to go there).  Chart the time it would take from your golf community home to your final trip destination and consider if it is worth it more than occasionally.  Then either ratchet back your expected travel schedule -– because it will wear you out –- or change your golf community destination to one closer to a big urban airport with international flights, such as Charlotte, Raleigh or Tampa.

Assumption #3:  The people in any community we choose may not be as friendly as we hope

When a couple I don’t know well raises this issue for me, I always think to myself, “Well, maybe you won’t be as friendly as your new neighbors hope.”  People in the scores of golf communities I have visited have good reasons to be uniformly welcoming to new residents: 1) They experienced some of the same angst about moving to a new place and they are sensitive to the need to make new people feel comfortable; 2) You are doing the community and its residents a favor by buying a home that another couple wanted or needed to sell, thereby keeping the real estate market inside the gates stable; and 3) As in most human endeavors, you get out what you put in.

How to test the assumption:  If you really are nervous about proving to yourselves that the people in your community of choice are friendly, then there is a simple remedy:  Rent a home for six months to a year.  In most cases, you will be able to use the homeowner’s club membership and you will find out how your prospective neighbors comport themselves on the golf course and in the clubhouse.  And there are plenty of other benefits to renting for up to a year:  You will get used to the drive time to locations of importance to you -- supermarkets, hospitals, theaters and other activities you are counting on in retirement –- or not.

Assumption #4:  I prefer a private golf membership to playing public golf

If during your career years you belonged to a private country club, chances are you will point toward that in retirement.  The benefits, assuming you can afford the joining fee and dues, are plentiful, including no transient players to ignore repairing ball marks and divots; a pro who can arrange a game for you if you are a single player (especially helpful in your first weeks in the community); no need to plan too far ahead to book a tee time; a professional staff that quickly learns to address you by name and understands and caters to your preferences (and, in some cases, your peculiarities); and, generally, but not always, a more manicured golf course.

However, even a former private club member might find that, in retirement, the pace of life eases, and a 4 ½ hour round on a nicely groomed public course is no more of a burden than a 4 hour round on a private course.  Location may also determine a golfer’s preference for a particular type of membership.  In the Myrtle Beach area, for example, there are 100 golf courses within a 75-mile stretch, but only a half dozen of them are private.  A golfer who enjoys the diversity of different layouts may opt for one of the affiliate memberships that have sprung up in the area in which, for a nominal annual fee, you have your choice of a couple dozen golf courses at deeply discounted green fees.  Or for less than $2,000 annually, you could play the wondrous Caledonia Golf and Fish Club and True Blue Golf Club as much as you want, at a maximum of $30 per round.  (The Caledonia rack rate ranges up to $180.)

How to test your assumption:  Carve out a few extra days on a prospecting trip to look at communities and play the most highly rated golf courses in the area, including at least one of the private clubs in a community that is on your list.  Compare the services at all, as well as the conditions and layouts of the courses, and decide if a difference of a few thousand dollars per year is enough for you to keep it private.  In some cases it will be, but in others you might find that opting for variety of golf courses will leave you with substantial extra spending money.

Assumption #5:  I have had it with traffic and pollution.  Give me a remote golf community.

Some of the finest golf communities I have visited, with excellent golf courses to boot, are located far from what most of us would identify as modern conveniences.  One such community, Savannah Lakes Village, offers two entirely different style golf courses, both excellent, and perhaps the most reasonably priced real estate of any multiple-course community in the Southeast.  And yet, if you are a gourmet cook or just like to buy your food the day you plan to cook it, Savannah Lakes might not fill the bill.  Only one supermarket is located in the area, an eight mile drive away, and a trip to a movie theater, hospital or other services many of us count on is considerably farther.  Still, inexpensive and attractive real estate in a peaceful setting on a beautiful lake with amenity fees that are the lowest of any comparable community may be enough to overcome the distances.

How to test the assumption:  This advice may seem redundant but it’s an easy one:  Rent a home in Savannah Lakes or any other remote community of interest for a month or two and, pretty quickly, you will learn if you can balance the mild inconveniences of remote living against the higher costs of a golf home closer to an urban area.  I note that homes in Savannah Lakes are currently renting for as low as $125 per night.  A few trips to the supermarket and other places of importance to you and you should have a good feel for whether remote is for you.  A week should do it.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
Any home is a big investment, and you want to get it right. Where expenses are involved, don’t make assumptions that could cost you later. Read on.

 
June 2018 
Reynolds Lake Oconee
Greensboro, GA

Time Travel: See the World…from Your Golf Community

Many retired couples intend to travel extensively when they finally have the time.   Any advantages the near-urban areas of the North have over their counterparts in the South include proximity to airports with international flights.  Couples who like to travel should think carefully about their choice of a golf community in the South; travel to and from the nearest airports and then regional flights to larger airports with international flights could become burdensome more than once or twice a year.  

Here are a few door-to-door times from select golf communities in the Southeast to Charles de Gaulle International Airport in Paris, France.  Total times include the drive from each golf community to the airport that makes the trip as quick as possible.

 

The Landings, Savannah, GA

Initial airport:  Savannah International

Change at:  Dulles International, Washington

Total time:  10 hours, 46 minutes

 

Savannah Lakes Village, McCormick, SC

Initial airport:  Greenville-Spartanburg Internation

Change at:  Dulles International

Total time:  11 hours, 48 minutes

 

Osprey Cove, St. Marys, GA

Initial airport:  Jacksonville International

Change at:  Atlanta International

Total time:  11 hours

 

Governors Club, Chapel Hill, NC

Initial airport:  Raleigh-Durham International

Change at:  Non-stop

Total time:  8 hours, 29 minutes

 

Landfall, Wilmington, NC

Initial airport:  Wilmington International

Change at:  Philadelphia International

Total Time:  11 hours, 20 minutes

 

Cliffs at Keowee Vineyard, Sunset, SC 

Initial airport:  Greenville-Spartanburg

Change at:  Dulles International

Total time:  11 hours, 19 minutes

 

Reynolds Lake Oconee, Greensboro, GA

Initial airport:  Atlanta International 

Change at:  Non-stop

Total time:  9 hours, 43 minutes

 

Audubon Country Club, Naples, FL

Initial airport:  Ft. Myers International

Change at:  Atlanta International

Total time:  11 hours, 26 minutes

 

Pointe West, Vero Beach, FL

Initial airport:  Vero Beach International    

Change at:  Logan International, Boston

Total time:  11 hours

 

 

Census Data Confirms North to South Exodus – and to Oregon too

The migration from northern states and California to warmer climates seems to be gaining even more momentum.  In just the past few weeks, we have seen Census Bureau data that indicates a steady stream of population, especially baby boomers, heading south to the Carolinas, Florida and neighboring states in the first two decades of our century.

One recent study for Where to Retire magazine written by Professor Don Bradley of Samford University shows the transfer of income in and out of all 50 states by citizens 60 and older.  In a dramatically colored map in the print version of the magazine, the dark blue states indicated income losses of $300 million and more, and included New York, Massachusetts, Pennsylvania, New Jersey, Ohio, Michigan, Illinois, California and, a surprise for me at least, Virginia.  States that saw the biggest gains, $150 million or more each, were Oregon, Nevada, Arizona, Colorado, Texas, North Carolina, South Carolina and Florida.  New York was the biggest loser, with a net loss of just over $1 billion.  Florida was the net winner with an inflow of nearly $3 billion.  Other big winners, in order, were Arizona, South Carolina, North Carolina and Oregon to round out the top five.

The Where to Retire article and map is currently available only in the print edition of the July/August 2018 issue.

Another map, published online by CityLab.com indicates the movement of baby boomers during the first 10 years of the millennium.  This map shows a dramatic movement, county by county, especially from the middle of the country and all along the Mississippi River valley to the east and west coasts with the exception of much of coastal California and the high-population areas close to the coast in the middle-Atlantic states.  One county in Arizona and three in Florida show the highest rates of inward migration by baby boomers.

All this movement, which has continued beyond the first decade of the century with only a brief interruption for the recession, is causing a near-term rise in real estate prices as developers scramble to accommodate and take full advantage of the continuing migration trend.  On the horizon, as some of the most popular areas of the South welcome the biggest numbers of newcomers, is stress on public services and the taxes that are sure to follow.  That certainly should not compel any couple from moving south in the coming few years, but the younger baby boomers may see higher costs down the line.

You can view the CityLab map here.

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


Five Potentially Expensive Assumptions 
You Might Make About a Golf Home

I have learned the hard way that how you think you will spend your retirement is not necessarily how you will spend it.  Here are five assumptions some of us make that, perhaps, we should test before we put them into action.

Assumption #1:  I will play golf in retirement at least four or five days per week

This notion is the residue of once-per-week golf played during a busy career.  You have an occasional good round with an under-handicap score and you start thinking, “Boy, if I played this game three or four times a week, I could be pretty good.”  That is probably so, but the chances you will play that often in retirement, with all the other activities that avail themselves when you don’t have to be someplace every weekday at 9 a.m. or at the soccer fields or school plays on the weekends, are no sure thing at all.

How to test the assumption:  Go on vacation for a couple of weeks and, spouse and weather permitting, try to play golf every day.  If after two weeks you are still in love with the idea of playing multiple times per week, then go for it.  If not, you might change your plans from living in a private golf community –- typically more expensive and with higher fees – to a community with a semi-private or even public course, where you won’t be tempted to count how much you are losing when you don’t play.

Assumption #2:  My spouse and I will travel to far flung places a few times a year

I don’t know any couple that thinks they will be housebound in retirement.  Every couple that has not had the chance to travel much in pre-retirement, because of family and occupation considerations, points toward an active travel schedule after their kids are out of the house and they are no longer working.  Couples who were able to travel as frequently as they cared to will probably keep a similar pace in retirement. 

It may be especially difficult for a couple to split the difference between an active travel schedule and a home in a remotely located community.  In many out of the way communities, home prices and fees are so reasonable that it will leave plenty of discretionary income to dedicate to international travel.  But with, say, a two-hour drive to a regional airport, and then one or two connections before hopping a flight overseas, travel more than once a year might seem burdensome.  (Still, we could not find total door-to-door trips from remote golf communities in the Southeast to Paris, France that lasted as much as 12 hours.)

How to test the assumption:  This involves a small investment of time once you have a location in mind for your retirement home.  Check Google Maps or some other mapping program and chart the distance and drive time from the community to the nearest regional airport.  Then pick a destination you plan to visit in retirement; my own test would be a place like Prague for which there are no non-stops from Southeast region airports (but, hey, I still want to go there).  Chart the time it would take from your golf community home to your final trip destination and consider if it is worth it more than occasionally.  Then either ratchet back your expected travel schedule -– because it will wear you out –- or change your golf community destination to one closer to a big urban airport with international flights, such as Charlotte, Raleigh or Tampa.

Assumption #3:  The people in any community we choose may not be as friendly as we hope

When a couple I don’t know well raises this issue for me, I always think to myself, “Well, maybe you won’t be as friendly as your new neighbors hope.”  People in the scores of golf communities I have visited have good reasons to be uniformly welcoming to new residents: 1) They experienced some of the same angst about moving to a new place and they are sensitive to the need to make new people feel comfortable; 2) You are doing the community and its residents a favor by buying a home that another couple wanted or needed to sell, thereby keeping the real estate market inside the gates stable; and 3) As in most human endeavors, you get out what you put in.

How to test the assumption:  If you really are nervous about proving to yourselves that the people in your community of choice are friendly, then there is a simple remedy:  Rent a home for six months to a year.  In most cases, you will be able to use the homeowner’s club membership and you will find out how your prospective neighbors comport themselves on the golf course and in the clubhouse.  And there are plenty of other benefits to renting for up to a year:  You will get used to the drive time to locations of importance to you -- supermarkets, hospitals, theaters and other activities you are counting on in retirement –- or not.

Assumption #4:  I prefer a private golf membership to playing public golf

If during your career years you belonged to a private country club, chances are you will point toward that in retirement.  The benefits, assuming you can afford the joining fee and dues, are plentiful, including no transient players to ignore repairing ball marks and divots; a pro who can arrange a game for you if you are a single player (especially helpful in your first weeks in the community); no need to plan too far ahead to book a tee time; a professional staff that quickly learns to address you by name and understands and caters to your preferences (and, in some cases, your peculiarities); and, generally, but not always, a more manicured golf course.

However, even a former private club member might find that, in retirement, the pace of life eases, and a 4 ½ hour round on a nicely groomed public course is no more of a burden than a 4 hour round on a private course.  Location may also determine a golfer’s preference for a particular type of membership.  In the Myrtle Beach area, for example, there are 100 golf courses within a 75-mile stretch, but only a half dozen of them are private.  A golfer who enjoys the diversity of different layouts may opt for one of the affiliate memberships that have sprung up in the area in which, for a nominal annual fee, you have your choice of a couple dozen golf courses at deeply discounted green fees.  Or for less than $2,000 annually, you could play the wondrous Caledonia Golf and Fish Club and True Blue Golf Club as much as you want, at a maximum of $30 per round.  (The Caledonia rack rate ranges up to $180.)

How to test your assumption:  Carve out a few extra days on a prospecting trip to look at communities and play the most highly rated golf courses in the area, including at least one of the private clubs in a community that is on your list.  Compare the services at all, as well as the conditions and layouts of the courses, and decide if a difference of a few thousand dollars per year is enough for you to keep it private.  In some cases it will be, but in others you might find that opting for variety of golf courses will leave you with substantial extra spending money.

Assumption #5:  I have had it with traffic and pollution.  Give me a remote golf community.

Some of the finest golf communities I have visited, with excellent golf courses to boot, are located far from what most of us would identify as modern conveniences.  One such community, Savannah Lakes Village, offers two entirely different style golf courses, both excellent, and perhaps the most reasonably priced real estate of any multiple-course community in the Southeast.  And yet, if you are a gourmet cook or just like to buy your food the day you plan to cook it, Savannah Lakes might not fill the bill.  Only one supermarket is located in the area, an eight mile drive away, and a trip to a movie theater, hospital or other services many of us count on is considerably farther.  Still, inexpensive and attractive real estate in a peaceful setting on a beautiful lake with amenity fees that are the lowest of any comparable community may be enough to overcome the distances.

How to test the assumption:  This advice may seem redundant but it’s an easy one:  Rent a home in Savannah Lakes or any other remote community of interest for a month or two and, pretty quickly, you will learn if you can balance the mild inconveniences of remote living against the higher costs of a golf home closer to an urban area.  I note that homes in Savannah Lakes are currently renting for as low as $125 per night.  A few trips to the supermarket and other places of importance to you and you should have a good feel for whether remote is for you.  A week should do it.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

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When is a private golf community the right choice, and when is a home in a non-golf community an even better one?  Read on…

 
April/May 2018 
Pine Lakes International Club
Myrtle Beach, SC

Playing the Field: Different Types of Golf Club Memberships Add Variety, Subtract Costs

 

As the golf course industry consolidates, more and more golf companies are buying up golf courses and linking them together into affiliated memberships.  Few golf rich areas are more competitive than is Myrtle Beach, SC, where year-round and part-time residents have a dizzying number of such memberships available to them.  Here are some of the best:

Caledonia & True Blue Golf Club

What:  Full access with advanced tee times at two of the best golf courses in the Myrtle Beach area.  (In my opinion, Caledonia is the best of 100 courses in terms of layout and conditions.)

Where:  Pawleys Island, south of Myrtle Beach.  The clubs are virtually across the street from each other.

Costs:  $1,900 annual dues, no initiation fee, payment of $30 to play (essentially a cart fee).

Prime Time Signature Card

What:  One annual fee for access to all 22 of Founders International layouts, including:  Pawleys Plantation, Founders Club, Tradition, River Club and Pine Lakes International.  Membership includes significant discounts on golf, merchandise and food, and special tournaments and events.

Where:  Along the Highway 17 corridor in South Carolina from the NC line to Pawleys Island.

Costs:  $249; annual renewals at $149.  Green fees start at $33 per round; earn points for free rounds after as few as two rounds.   Upgrade to Prime Time Honors membership for even more perks.

The Legends All-Inclusive Card Program (local tri-county residents only)

What: Special low-cost membership at the five Legends Group of courses, including the Legends Heathland, Moorland and Parkland courses, Heritage Golf Club and Oyster Harbour.  Membership includes discounted green fees, breakfast, lunch and two beers per round.

Where:  Calabash, NC (Oyster Harbour), Myrtle Beach (The Legends Resort) and Pawleys Island (Heritage Club).

Costs:  $20 per year; rounds are $30 weekdays, $35 weekends. 

Platinum Membership

What:  Multiple golf club membership that includes 22 golf courses from one end of the Grand Strand to the other, more than 60 miles.  Features include a free round after four purchased at discount prices.

Where:  Crow Creek, Thistle Golf Club, Wachesaw East and 19 other courses.

Cost:  $149 for calendar year membership; includes, for limited time, $100 gift card good for golf, food, beverages and merchandise at member clubs.


 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


To Live La Vida Golf,
You May Not Need A Golf Community

For a guy who has visited and reviewed hundreds of golf communities and their golf courses, it may seem strange that I don’t believe a golf community is the best option for every golfer or golfing couple.  Yes, the vast majority of clients I have worked with purchased homes inside the gates of planned developments that include golf courses.  And today, they are enjoying all the amenities that come along with a membership in the golf club, in addition to the golf -– pool access, fitness centers, walking trails, tennis, perhaps a marina and/or nearby beach club.

But such easy-to-access activities come at a price that includes not only initiation fees and dues, but also typically a higher level of homeowner association fees to keep landscaping commensurate with the expectations of those paying to belong to a golf club.  And “private” golf communities –- those with member-only play and perhaps a guarded gatehouse –- customarily charge higher fees.

Some couples want the golf but, in many cases, not much else (a fitness center, perhaps, and walking trails).  And in an area where great golf is accessible to the public, such as the area south of Myrtle Beach, SC, you can play a lot of golf with the money you save by not joining a private or even semi-private club, especially if the home you bought is used for vacations and not as a year-round residence.

A Costly Indulgence

I know.  I made the classic mistake nearly 20 years ago when my wife and I purchased a vacation condo in Pawleys Plantation, just a six-minute drive to the beautiful beaches on Pawleys Island, SC.  The developer who built our brand new condo in 2000 dangled half of the $15,000 club initiation fee as incentive to purchase, and I jumped at the “gift” of $7,500 to join a club with a terrific Jack Nicklaus golf course in a beautiful marshland setting.

If I had stopped to consider how often we might stay at the condo, given the considerations of a demanding full-time job at the time, two children in high school followed by college in Virginia and Vermont, and other reasons to be in Connecticut for all but a couple of months a year, simple math would have dissuaded me from such a “deal.”  (I was an English major in college and sometimes numbers don’t speak to me as they should.)  Forget the $7,500 net initiation fee:  Divide the number of times I played each year into the annual cost of club dues; I could have played as much golf at Pebble Beach or the Ocean Course at Kiawah (more than $400 each, for those who may not be aware) as I did on my own golf course.  Don’t get me wrong; the golf at Pawleys Plantation is wonderful, but not at those prices.

Pay for Play a Better Way

At the time in 2000, consolidation in the golf course industry had not really started, and if I had opted to pay as I played, rather than the “free” green fees that came with the Pawleys Plantation membership, I would have paid an average of $100 per round, golf cart included.  That certainly did not seem like such a bargain at the time, but in retrospect, it was.  (Note:  Pawleys Plantation recently reduced its initiation fee to $2,500 for a full-golf membership.  Dues are $262.50 per month.)

In any event, there is no use crying over such mistakes; you just try to learn from them.  And one thing I have learned from some of my clients, who clearly have thought deeply about the financial aspects of a vacation or permanent home, is that there is more than one way to live a rewarding golfing lifestyle.  Clients Mario and Linda, who live on Long Island, New York have found the right formula.  

“We chose the Myrtle Beach area because I enjoy golf and my wife enjoys the beach,” says Mario,” and the Myrtle area excels in both.”

The only hard and fast requirement the couple had was to be within a 10-minute drive of a Catholic church they felt comfortable joining.

“We went church shopping first,” Mario says.  “We found the idyllic Catholic church in the Pawleys Island area of South Myrtle Beach.  We drew a circle around the church…within a ten-minute drive.”

Hoping that would make their search simple, the couple was surprised at just how many choices there were in that 10-minute circle around the church.  Mario and Linda were open to a home inside or outside the gates of a golf community; therefore, their biggest challenge became whether to settle on the low-maintenance but higher homeowner fees option of a condo, or the more spacious and less fee-burdened single-family home.  (It may seem counterintuitive but maintenance costs on a condo, through association fees, are generally higher than for a single dwelling, although the separate home typically costs a bit more to purchase.)

Golf Community or Not

As for the choice between a golf community and a neighborhood without a golf course, the couple approached that aspect of the search with an open mind.

“We wanted to be in a community,” according to Mario.  “We liked the idea of a group of people who would be our neighbors and believed any type of community would help foster new friendships.”

In the end, cost was a factor in the decision. 

“Resort communities demanded too much of a price premium,” says Mario, “and so we eliminated them from consideration.”

It came down to whether they would live in a golf community or not.  They looked at homes in both, and the home they liked best was in Allston Plantation which, like Pawleys Plantation, has its entrance just off US Highway 17 and is convenient to shopping, restaurants, the couple’s new church and, of course, terrific golf options.

“To be honest, we could have gone either way here,” says Mario, “but as a second home, I think the cost savings of the non-golf community made more sense.”  

The couple’s house hunting days may not be over, however. 

“Eventually, we plan to retire here (Pawleys Island),” Mario adds, “and when that happens, we may reconsider this decision.”

For some of the many golfing options Mario has in Pawleys Island, see the adjacent sidebar.
 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

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When is a private golf community the right choice, and when is a home in a non-golf community an even better one?  Read on…

 
April/May 2018 
Pine Lakes International Club
Myrtle Beach, SC

Playing the Field: Different Types of Golf Club Memberships Add Variety, Subtract Costs

 

As the golf course industry consolidates, more and more golf companies are buying up golf courses and linking them together into affiliated memberships.  Few golf rich areas are more competitive than is Myrtle Beach, SC, where year-round and part-time residents have a dizzying number of such memberships available to them.  Here are some of the best:

Caledonia & True Blue Golf Club

What:  Full access with advanced tee times at two of the best golf courses in the Myrtle Beach area.  (In my opinion, Caledonia is the best of 100 courses in terms of layout and conditions.)

Where:  Pawleys Island, south of Myrtle Beach.  The clubs are virtually across the street from each other.

Costs:  $1,900 annual dues, no initiation fee, payment of $30 to play (essentially a cart fee).

Prime Time Signature Card

What:  One annual fee for access to all 22 of Founders International layouts, including:  Pawleys Plantation, Founders Club, Tradition, River Club and Pine Lakes International.  Membership includes significant discounts on golf, merchandise and food, and special tournaments and events.

Where:  Along the Highway 17 corridor in South Carolina from the NC line to Pawleys Island.

Costs:  $249; annual renewals at $149.  Green fees start at $33 per round; earn points for free rounds after as few as two rounds.   Upgrade to Prime Time Honors membership for even more perks.

The Legends All-Inclusive Card Program (local tri-county residents only)

What: Special low-cost membership at the five Legends Group of courses, including the Legends Heathland, Moorland and Parkland courses, Heritage Golf Club and Oyster Harbour.  Membership includes discounted green fees, breakfast, lunch and two beers per round.

Where:  Calabash, NC (Oyster Harbour), Myrtle Beach (The Legends Resort) and Pawleys Island (Heritage Club).

Costs:  $20 per year; rounds are $30 weekdays, $35 weekends. 

Platinum Membership

What:  Multiple golf club membership that includes 22 golf courses from one end of the Grand Strand to the other, more than 60 miles.  Features include a free round after four purchased at discount prices.

Where:  Crow Creek, Thistle Golf Club, Wachesaw East and 19 other courses.

Cost:  $149 for calendar year membership; includes, for limited time, $100 gift card good for golf, food, beverages and merchandise at member clubs.


 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


To Live La Vida Golf,
You May Not Need A Golf Community

For a guy who has visited and reviewed hundreds of golf communities and their golf courses, it may seem strange that I don’t believe a golf community is the best option for every golfer or golfing couple.  Yes, the vast majority of clients I have worked with purchased homes inside the gates of planned developments that include golf courses.  And today, they are enjoying all the amenities that come along with a membership in the golf club, in addition to the golf -– pool access, fitness centers, walking trails, tennis, perhaps a marina and/or nearby beach club.

But such easy-to-access activities come at a price that includes not only initiation fees and dues, but also typically a higher level of homeowner association fees to keep landscaping commensurate with the expectations of those paying to belong to a golf club.  And “private” golf communities –- those with member-only play and perhaps a guarded gatehouse –- customarily charge higher fees.

Some couples want the golf but, in many cases, not much else (a fitness center, perhaps, and walking trails).  And in an area where great golf is accessible to the public, such as the area south of Myrtle Beach, SC, you can play a lot of golf with the money you save by not joining a private or even semi-private club, especially if the home you bought is used for vacations and not as a year-round residence.

A Costly Indulgence

I know.  I made the classic mistake nearly 20 years ago when my wife and I purchased a vacation condo in Pawleys Plantation, just a six-minute drive to the beautiful beaches on Pawleys Island, SC.  The developer who built our brand new condo in 2000 dangled half of the $15,000 club initiation fee as incentive to purchase, and I jumped at the “gift” of $7,500 to join a club with a terrific Jack Nicklaus golf course in a beautiful marshland setting.

If I had stopped to consider how often we might stay at the condo, given the considerations of a demanding full-time job at the time, two children in high school followed by college in Virginia and Vermont, and other reasons to be in Connecticut for all but a couple of months a year, simple math would have dissuaded me from such a “deal.”  (I was an English major in college and sometimes numbers don’t speak to me as they should.)  Forget the $7,500 net initiation fee:  Divide the number of times I played each year into the annual cost of club dues; I could have played as much golf at Pebble Beach or the Ocean Course at Kiawah (more than $400 each, for those who may not be aware) as I did on my own golf course.  Don’t get me wrong; the golf at Pawleys Plantation is wonderful, but not at those prices.

Pay for Play a Better Way

At the time in 2000, consolidation in the golf course industry had not really started, and if I had opted to pay as I played, rather than the “free” green fees that came with the Pawleys Plantation membership, I would have paid an average of $100 per round, golf cart included.  That certainly did not seem like such a bargain at the time, but in retrospect, it was.  (Note:  Pawleys Plantation recently reduced its initiation fee to $2,500 for a full-golf membership.  Dues are $262.50 per month.)

In any event, there is no use crying over such mistakes; you just try to learn from them.  And one thing I have learned from some of my clients, who clearly have thought deeply about the financial aspects of a vacation or permanent home, is that there is more than one way to live a rewarding golfing lifestyle.  Clients Mario and Linda, who live on Long Island, New York have found the right formula.  

“We chose the Myrtle Beach area because I enjoy golf and my wife enjoys the beach,” says Mario,” and the Myrtle area excels in both.”

The only hard and fast requirement the couple had was to be within a 10-minute drive of a Catholic church they felt comfortable joining.

“We went church shopping first,” Mario says.  “We found the idyllic Catholic church in the Pawleys Island area of South Myrtle Beach.  We drew a circle around the church…within a ten-minute drive.”

Hoping that would make their search simple, the couple was surprised at just how many choices there were in that 10-minute circle around the church.  Mario and Linda were open to a home inside or outside the gates of a golf community; therefore, their biggest challenge became whether to settle on the low-maintenance but higher homeowner fees option of a condo, or the more spacious and less fee-burdened single-family home.  (It may seem counterintuitive but maintenance costs on a condo, through association fees, are generally higher than for a single dwelling, although the separate home typically costs a bit more to purchase.)

Golf Community or Not

As for the choice between a golf community and a neighborhood without a golf course, the couple approached that aspect of the search with an open mind.

“We wanted to be in a community,” according to Mario.  “We liked the idea of a group of people who would be our neighbors and believed any type of community would help foster new friendships.”

In the end, cost was a factor in the decision. 

“Resort communities demanded too much of a price premium,” says Mario, “and so we eliminated them from consideration.”

It came down to whether they would live in a golf community or not.  They looked at homes in both, and the home they liked best was in Allston Plantation which, like Pawleys Plantation, has its entrance just off US Highway 17 and is convenient to shopping, restaurants, the couple’s new church and, of course, terrific golf options.

“To be honest, we could have gone either way here,” says Mario, “but as a second home, I think the cost savings of the non-golf community made more sense.”  

The couple’s house hunting days may not be over, however. 

“Eventually, we plan to retire here (Pawleys Island),” Mario adds, “and when that happens, we may reconsider this decision.”

For some of the many golfing options Mario has in Pawleys Island, see the adjacent sidebar.
 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
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Sorry we are a little late this month.  A lot of traveling, including Pawleys Island, SC, and the Orlando area.  Always good to get a jump on the golf season in the North by heading south for at least a few rounds of golf.

 
March 2018 
Playing to 13th at Pawleys Plantation, Pawleys Island, SC, from the former rice plantation dike, surrounded by marsh.

Marsh This Way

The following is an abbreviated list of some of my favorite marsh-surrounded communities.  There are dozens more that I can recommend if you contact me.

Pawleys Plantation,
Pawleys Island, SC

As I have noted many times before, this is the site of my family’s vacation home, chosen largely because my wife, children and I love the marsh.  The back nine on Pawley’s Nicklaus course explodes out onto the marsh, and the par 3 13th and 17th holes play entirely over it from the old rice plantation dike.  (Personal note:  I have a lot for sale that looks down the 16th hole and out to a long view of the marsh and a longer view of the island itself.  I am happy to provide a “reader” discount for anyone interested in building a beautiful home in a beautiful community.)

 

Dataw Island, St. Helena, SC

The couple-mile drive into the community says it all; lined with old live oak trees and marsh on both sides, it is a perfect introduction to a golf community that features all the key elements of Low Country living.  With 36 holes of golf by Tom Fazio and the underrated Arthur Hills, and an involved and dedicated group of residents, the mature Dataw features the added benefit of some of the most reasonably priced real estate in any multi-course community on the coast, with the most value-laden opportunities in the older houses.  Bring some updating ideas and you are good to go.

 

Spring Island, Okatie, SC

If you did well in your career and are looking forward to treating yourself to one of the most beautiful and private golf communities in the Carolinas, Spring Island could be your place.  The golf course, by the Arnold Palmer design shop, was masterfully renovated by Palmer architect Brandon Johnbson, a few years ago, making an already great layout even better.  The surrounding marshland will turn even a marsh skeptic into a fan, and although you will think you are miles from anywhere, the 20-minute trip to the charming old Southern town of Beaufort only adds to the experience.

 

The Landings, Savannah, GA

Beach lovers need not apply, unless you bring a boat for the 10-minute trip to an island beach across the [body of water name] (or make friends with a fellow resident who owns a boat).  Although The Landings is about as coastal as you can get, and Tybee Island and its beach are about 15 miles as the crow flies, the drive is a good 45 minutes.  But there is no good reason to leave The Landings given its six exquisitely conditioned courses, more than 100 social clubs and proximity to the charming city of Savannah, less than 20 minutes away.

 

Wachesaw Plantation,
Murrells Inlet, SC

Tom Fazio did a lot of work during the 1980s, and Wachesaw sports a layout that shows him clearly trying to make an impact in the earlier half of his career, with huge and dramatically placed fairway bunkers that, in his later oeuvre, would give way to the Fazio signature cloverleaf shapes.  Wachesaw Plantation is located just west of Highway 17, a position that has denied it some of the love shown for the golf communities just a mile closer to the ocean.   Yet, the community is less than 10 minutes from one of the most beautiful beaches on the east coast at Huntington Beach State Park, and even closer to a wide array of shopping, restaurants and the beautiful displays of sculptures and flora at Brookgreen Gardens.  Couples looking for a bargain in golf community living should look seriously at Wachesaw.

 

I could go on, since there are dozens of golf communities in the Southeast that fit the definition of “marsh oriented,” but I will stop here and say that if you would like more information or would like to visit any of these and other Low Country communities, contact me and we can discuss which ones pass the smell test for you.

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


Marsh Madness:  Yes, it can smell funny,
but you can’t beat the views

 

The marshlands of the Low Country of the Carolinas and Georgia are an acquired taste—and smell.  I acquired the taste 50 years ago when I made my first visit to play golf in the Myrtle Beach, SC, area.  Back then, a full week of golf, 36 holes a day, lodging on the beach with an ocean view from the hotel room, breakfast every morning, beer and an oyster roast in the afternoon and a total price of $99 made me numb to any of the few imperfections in the week (e.g. the hotel desk gave us a key to a room that turned out to be occupied by a couple having a romantic moment when we opened the door).  Awkward...to say the least.

Enjoy the view; don’t eat the oysters

I did, at certain times that week, smell something funny during low tide on the layouts we played.  Low tide is when the plough (pronounced pluff) mud that lies underneath tidal waters half the day is exposed as the waters recede.  Poking up through the mud are oyster shells whose meat you would not dare eat, since it is cooked and recooked whenever the tide recedes, the sun is shining and temperatures are above 70.  They and the other formerly living matter embedded in the mud take on an odor not unlike that of fresh fish markets which, for all but the most intolerant, is nothing at which to turn up your nose.

A long view out to the marsh from the back of a lot for sale on the dogleg left 16th hole at Pawleys Plantation, Pawleys Island, SC.  If interested, please contact me.
A long view out to the marsh from the back of a lot for sale on the dogleg left 16th hole at Pawleys Plantation, Pawleys Island, SC.  If interested, please contact me.

Yet, over the years, when discussing the kinds of views my clients would like from their golf homes, some have said "No thank you" to a marsh view or even a community with adjacent marshland.  There is a perception out there, even among folks who have never laid eyes on Low Country marsh, that it is yucky in looks and smells.  I won’t argue the smell part; some people don’t like anything that smells fishy.  But I must defend the aesthetics of marshland.  At its muddiest, it reveals a tidal laboratory of tiny crabs skittering across the mud that attract the snowy egrets and other waterfowl that serve as the beautiful mascots of the Low Country and turn up in dozens of country club logos from Virginia to Key West.  The clusters of those overcooked oysters that pop out of the mud are reminiscent of the rock outcroppings that dot the landscape of Carolina golf courses, like Governors Club in Chapel Hill, only much smaller.  They are also reminders that, just down the road in most Low Country locations, lie restaurants where crustaceans rule.

Ch, ch, ch, changes…all day long

The marsh changes its look every few hours, at one point appearing like a large lake with reeds sticking up through the water, swaying in the ubiquitous coastal winds, and less than half a day later, like a muddy plain that, in some places, you might dare to walk upon, and collect mishit golf balls and other trophies of the tidal marsh.  (Some residents wisely take their walks along the marsh holes carrying a ball retriever, because it is not just oyster clusters that emerge from beneath the brackish waters at low tide.)  I recall a stay in a cottage in the marsh on Hilton Head where, when the tides went out, the little marsh deer came in, as interested as any egret in what lay in the mud. 
        But as big a kick as it is to see the marsh change semi-daily, the changes from season to season are the stuff of art; and, indeed, the art galleries throughout the Low Country feature countless colorful interpretation of the area’s marshes in different seasons—from the verdant green of spring and summer, to the amber waves of heather in fall, to the straw colors of winter. 

There is nothing fishy about a view of the marsh, and many golf community homes that face it are priced as if they are less dramatic wooded lots.   I’ve noted a few of my favorite marsh-surrounded communities in the attached sidebar.  Let me know if you would like a closer look (or smell), and we can arrange it.

 

Richmond Not On Your Radar?  It Should Be

After multiple visits to Richmond, VA, it still surprises me that no one ever asks me about the many golf communities there.  Richmond is a modern city with just about everything a retired couple would want in the way of services, including outstanding healthcare, good transportation options (AMTRAK train station and regional airport), a wide choice of fine restaurants, a major university (U of Richmond), museums and lots of history.

The private golf communities in the Richmond area, more than a dozen in number, run the gamut, from the ultra-private Country Club of Virginia to the more reasonably priced and welcoming Hermitage and Foundry Country Clubs to a wide range of publicly accessible courses.  All told, I count more than 30 golf courses within 45 minutes of Richmond, many of them in housing developments or adjacent to them.

Among the area golf communities I have visited and whose courses I have played are the Federal Club, Dominion Club and the outstanding Kinloch.  Richmond is worth a look to active retirees looking for golf and an urban experience rolled into one.  Contact me if you would like to plan a visit and connect with one of our real estate professionals in the area.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
Sorry we are a little late this month.  A lot of traveling, including Pawleys Island, SC, and the Orlando area.  Always good to get a jump on the golf season in the North by heading south for at least a few rounds of golf.

 
March 2018 
Playing to 13th at Pawleys Plantation, Pawleys Island, SC, from the former rice plantation dike, surrounded by marsh.

Marsh This Way

The following is an abbreviated list of some of my favorite marsh-surrounded communities.  There are dozens more that I can recommend if you contact me.

Pawleys Plantation,
Pawleys Island, SC

As I have noted many times before, this is the site of my family’s vacation home, chosen largely because my wife, children and I love the marsh.  The back nine on Pawley’s Nicklaus course explodes out onto the marsh, and the par 3 13th and 17th holes play entirely over it from the old rice plantation dike.  (Personal note:  I have a lot for sale that looks down the 16th hole and out to a long view of the marsh and a longer view of the island itself.  I am happy to provide a “reader” discount for anyone interested in building a beautiful home in a beautiful community.)

 

Dataw Island, St. Helena, SC

The couple-mile drive into the community says it all; lined with old live oak trees and marsh on both sides, it is a perfect introduction to a golf community that features all the key elements of Low Country living.  With 36 holes of golf by Tom Fazio and the underrated Arthur Hills, and an involved and dedicated group of residents, the mature Dataw features the added benefit of some of the most reasonably priced real estate in any multi-course community on the coast, with the most value-laden opportunities in the older houses.  Bring some updating ideas and you are good to go.

 

Spring Island, Okatie, SC

If you did well in your career and are looking forward to treating yourself to one of the most beautiful and private golf communities in the Carolinas, Spring Island could be your place.  The golf course, by the Arnold Palmer design shop, was masterfully renovated by Palmer architect Brandon Johnbson, a few years ago, making an already great layout even better.  The surrounding marshland will turn even a marsh skeptic into a fan, and although you will think you are miles from anywhere, the 20-minute trip to the charming old Southern town of Beaufort only adds to the experience.

 

The Landings, Savannah, GA

Beach lovers need not apply, unless you bring a boat for the 10-minute trip to an island beach across the [body of water name] (or make friends with a fellow resident who owns a boat).  Although The Landings is about as coastal as you can get, and Tybee Island and its beach are about 15 miles as the crow flies, the drive is a good 45 minutes.  But there is no good reason to leave The Landings given its six exquisitely conditioned courses, more than 100 social clubs and proximity to the charming city of Savannah, less than 20 minutes away.

 

Wachesaw Plantation,
Murrells Inlet, SC

Tom Fazio did a lot of work during the 1980s, and Wachesaw sports a layout that shows him clearly trying to make an impact in the earlier half of his career, with huge and dramatically placed fairway bunkers that, in his later oeuvre, would give way to the Fazio signature cloverleaf shapes.  Wachesaw Plantation is located just west of Highway 17, a position that has denied it some of the love shown for the golf communities just a mile closer to the ocean.   Yet, the community is less than 10 minutes from one of the most beautiful beaches on the east coast at Huntington Beach State Park, and even closer to a wide array of shopping, restaurants and the beautiful displays of sculptures and flora at Brookgreen Gardens.  Couples looking for a bargain in golf community living should look seriously at Wachesaw.

 

I could go on, since there are dozens of golf communities in the Southeast that fit the definition of “marsh oriented,” but I will stop here and say that if you would like more information or would like to visit any of these and other Low Country communities, contact me and we can discuss which ones pass the smell test for you.

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


Marsh Madness:  Yes, it can smell funny,
but you can’t beat the views

 

The marshlands of the Low Country of the Carolinas and Georgia are an acquired taste—and smell.  I acquired the taste 50 years ago when I made my first visit to play golf in the Myrtle Beach, SC, area.  Back then, a full week of golf, 36 holes a day, lodging on the beach with an ocean view from the hotel room, breakfast every morning, beer and an oyster roast in the afternoon and a total price of $99 made me numb to any of the few imperfections in the week (e.g. the hotel desk gave us a key to a room that turned out to be occupied by a couple having a romantic moment when we opened the door).  Awkward...to say the least.

Enjoy the view; don’t eat the oysters

I did, at certain times that week, smell something funny during low tide on the layouts we played.  Low tide is when the plough (pronounced pluff) mud that lies underneath tidal waters half the day is exposed as the waters recede.  Poking up through the mud are oyster shells whose meat you would not dare eat, since it is cooked and recooked whenever the tide recedes, the sun is shining and temperatures are above 70.  They and the other formerly living matter embedded in the mud take on an odor not unlike that of fresh fish markets which, for all but the most intolerant, is nothing at which to turn up your nose.

A long view out to the marsh from the back of a lot for sale on the dogleg left 16th hole at Pawleys Plantation, Pawleys Island, SC.  If interested, please contact me.
A long view out to the marsh from the back of a lot for sale on the dogleg left 16th hole at Pawleys Plantation, Pawleys Island, SC.  If interested, please contact me.

Yet, over the years, when discussing the kinds of views my clients would like from their golf homes, some have said "No thank you" to a marsh view or even a community with adjacent marshland.  There is a perception out there, even among folks who have never laid eyes on Low Country marsh, that it is yucky in looks and smells.  I won’t argue the smell part; some people don’t like anything that smells fishy.  But I must defend the aesthetics of marshland.  At its muddiest, it reveals a tidal laboratory of tiny crabs skittering across the mud that attract the snowy egrets and other waterfowl that serve as the beautiful mascots of the Low Country and turn up in dozens of country club logos from Virginia to Key West.  The clusters of those overcooked oysters that pop out of the mud are reminiscent of the rock outcroppings that dot the landscape of Carolina golf courses, like Governors Club in Chapel Hill, only much smaller.  They are also reminders that, just down the road in most Low Country locations, lie restaurants where crustaceans rule.

Ch, ch, ch, changes…all day long

The marsh changes its look every few hours, at one point appearing like a large lake with reeds sticking up through the water, swaying in the ubiquitous coastal winds, and less than half a day later, like a muddy plain that, in some places, you might dare to walk upon, and collect mishit golf balls and other trophies of the tidal marsh.  (Some residents wisely take their walks along the marsh holes carrying a ball retriever, because it is not just oyster clusters that emerge from beneath the brackish waters at low tide.)  I recall a stay in a cottage in the marsh on Hilton Head where, when the tides went out, the little marsh deer came in, as interested as any egret in what lay in the mud. 
        But as big a kick as it is to see the marsh change semi-daily, the changes from season to season are the stuff of art; and, indeed, the art galleries throughout the Low Country feature countless colorful interpretation of the area’s marshes in different seasons—from the verdant green of spring and summer, to the amber waves of heather in fall, to the straw colors of winter. 

There is nothing fishy about a view of the marsh, and many golf community homes that face it are priced as if they are less dramatic wooded lots.   I’ve noted a few of my favorite marsh-surrounded communities in the attached sidebar.  Let me know if you would like a closer look (or smell), and we can arrange it.

 

Richmond Not On Your Radar?  It Should Be

After multiple visits to Richmond, VA, it still surprises me that no one ever asks me about the many golf communities there.  Richmond is a modern city with just about everything a retired couple would want in the way of services, including outstanding healthcare, good transportation options (AMTRAK train station and regional airport), a wide choice of fine restaurants, a major university (U of Richmond), museums and lots of history.

The private golf communities in the Richmond area, more than a dozen in number, run the gamut, from the ultra-private Country Club of Virginia to the more reasonably priced and welcoming Hermitage and Foundry Country Clubs to a wide range of publicly accessible courses.  All told, I count more than 30 golf courses within 45 minutes of Richmond, many of them in housing developments or adjacent to them.

Among the area golf communities I have visited and whose courses I have played are the Federal Club, Dominion Club and the outstanding Kinloch.  Richmond is worth a look to active retirees looking for golf and an urban experience rolled into one.  Contact me if you would like to plan a visit and connect with one of our real estate professionals in the area.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
-->
We, literally, have a dirty little secret about preserving buying power for a golf home in the Southeast.  Buy dirt now and build your dream home later.  Read more in this month's issue of Home On The Course.

savannah-lakes-tara-course-s.jpg
 
February 2018
Colleton River Plantation, Bluffton, SC

The Art of the Deal on Home Sites

Imagine that you are a born negotiator.  You love to dicker, and negotiating a discount price makes you feel as if you sank a 30-foot putt for birdie.  Wouldn’t negotiating the price of a wooded lot beside a highly rated Jack Nicklaus or Pete Dye golf course in a beautifully landscaped community down to $1(!) make you feel euphoric -- and with a water or golf view, nonetheless?

Well, here’s some bad news:  No negotiations are necessary.  In fact, you have your choice of 13 $1 lots in Colleton River Plantation, one of the most upscale and golf-centric communities on the Carolinas coast.  As of the end of January, the Bluffton, SC, area MLS (Multiple List Service) was showing a baker’s dozen of home sites in Colleton River listed at $1 each.  And these are no scruffy lots.  One looks out across a lake, and the seller is willing to pay the club initiation fee of $15,000 for the buyer. (More about that below.)  Two others look out directly on the Jack Nicklaus layout, one of my favorites in the Carolinas, especially for its lightning fast greens.

Okay, you ask, what’s the catch.  Well there is one, as there always is in a deal that seems too good to be true.  In this case, the “catch” is the club membership, which is mandatory.  All in, annual dues and homeowner association fees will run approximately $20,000.  Back in the mid-2000s, land and homes were selling fast at Colleton River and its companion communities of Belfair and Berkeley Hall (same club membership arrangements), and some homeowners believed that the dramatic price rises for lots in the community would continue at least for a few years, when they intended to flip extra lots they purchased for over $400,000, each requiring membership (and the obligation of dues) in the club.  That was the very definition of irrational exuberance, and with lot values plummeting to near nothing when the recession hit, and that contractual obligation of $20,000 annually in combined dues and fees, you can imagine how desperate some lot owners were –- and still are.

Nearby Belfair, with beautiful landscaping and 36 holes of fine Tom Fazio golf, is showing nine lots for sale at $1 each.  Berkeley Hall, on the other hand, has sold through its $1 home sites, its least expensive piece of property priced today at $10,000.  Berkeley Hall also features 36 holes of excellent Fazio golf and a dramatic brick Georgian clubhouse.

Mandatory membership is a two-edged sword, which is to say -- I am running rampant with the clichés here -– it can be both a blessing and a curse.  I explained the curse part above; if the economy sours, so too could your investment.  But the blessing part is that if you want to live in an upscale community and have been blessed with the resources to comfortably afford $20,000 per year in funding your lifestyle, these bargain lots (and many others priced nominally a little more) can be a financially sound point of entry, especially for those couples who see themselves enjoying places like the aforementioned communities for 10 or more years to come.  One other thing about mandatory membership:  It ensures a steady flow of resources to your club and clubhouse, through thick and thin and even recessions.  Many golf clubs in communities that did not require membership of its residents lost members during the recession years; those with mandatory memberships, like Colleton River, were comparably stable.

I once asked one of my customers, a retiree of a major international oil company, if he thought he was taking a risk by buying in Berkeley Hall and obligating himself to club dues.  He told me he believed “the common interest of the owners to maintain a top-quality private club at a reasonable dues level greatly exceeded the risk.”  And he added that because he was able to purchase a lot at about 1/10th its original price and build a home for a reasonable price per square foot, he further reduced the risk if he and his wife had to sell.  In the end, though, the couple’s choice of a home community with a mandatory membership was less about a financial calculation and more about how they will spend a good chunk of the rest of their lives.  “It was a lifestyle decision,” my client said.

My real estate expert in the Bluffton/Hilton Head area, Tom Jackson, can help make even more sense of considering any of these communities.  I would be happy to put you in touch with him, or vice versa.  Please contact me for an introduction.

 

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


The Case for Buying a Lot Now,
Building a Home in Three Years

If you are considering buying a home in the Southeast in a few years and are counting on spending the proceeds from the sale of your home up north and whatever other savings you have at present, waiting to start the process could cost you.

The fact is that homes in the highest quality golf communities in the Southeast Region sold last year in ever increasing numbers and at prices about 8% to 10% higher than the previous year, following a trend that started around 2012, after the shock of the Great Recession wore off and the stock market (and near-retirees’ and retirees’ 401Ks) rebounded.  The announcements of new golf communities are far and few between, which means inventory of homes for sale has been relatively static in recent years while demand from baby boomers -- their confidence in the future restored -- has grown significantly.  No PhD is necessary to understand that greater demand in the absence of greater supply leads to higher prices.

And that is clearly the case in most of the markets I follow in the Carolinas, Georgia and Florida.  In Brunswick County, NC, for example, which comprises the coastal area on both sides of US Highway 17 from Wilmington south to the South Carolina border, total real estate sales increased 32% year to year, and passed the $1 billion total mark for the first time since 2005, according to the Brunswick County Board of Realtors.  The average sales price increased by 8.5%, a number that meshes with anecdotal reports from most markets with active golf communities in the Southeast.

There are some outliers, such as the Pawleys Island area south of Myrtle Beach and including the towns of Murrells Inlet, Litchfield Beach, Georgetown and Pawleys Island.  Here, the average sales price dropped $40,000 to $424,000, even though inventories of homes for sale were down.  But as our real estate professional in Pawleys, Cathy Bergeron, explains, “properties on the market for a long time…are finally starting to sell, but at lower prices.”  She predicts that as these “drags on the market” (my words, not hers) are flushed out of the system, prices will rise.  (Note:  The market for condos selling for around $200,000 was strong in 2017, a fact that tended to tamp down prices at the higher levels for both condos and single-family homes.)

Assume you are a couple who intends to purchase a golf home (or any home, for that matter) in the Southeast in three to five years.  Assume as well that your budget to purchase that house is $300,000, in today’s dollars.  No one can predict the future, but using the last few years as a guide, consider that an 8% increase in prices this year will increase the cost to purchase a $300,000 house by $24,000 at the end of 2018; and another 8% increase in 2019 will drive the price up to $356,000, and another 8% in 2020 kicks it up to $384,000. (I rounded off the big numbers.)  Waiting for three years could put a major dent in a couple’s buying power for the home of their dreams, forcing them into a smaller house or a much less desirable one.

There is, however, one approach that could mitigate much of the loss of buying power.  Call it a hedge against real estate price inflation.  You could purchase this year a home site in an established high quality golf community, even though you do not plan to build for at least a couple more years.  Lot prices have not risen anywhere near as quickly as have homes since the Great Recession and, in fact, some are selling for as low as $1; and they are nice lots that sold for more than $400,000 before the recession (that number is not a typo).  See the accompanying sidebar for more on these $1 lots and other bargains.  A home site typically accounts for about 1/3 of a home’s total value; buying a home site now would provide a hedge against some of the expected price rises for golf homes in the South, and protect as well against a sudden surge in the prices of lots.  Of course, for the two or three years the lot sits unimproved, property taxes and HOA fees must be paid.  (Taxes are minimal compared to what we are used to up north, a few hundred dollars to a couple of thousand for an unimproved lot in many Southeast locations.)  

But if you believe, as I do, that prices for homes in high quality golf communities could rise as much as 30% over the coming three or four years, the purchase of a lot now makes financial sense for couples looking to protect their buying power, as well as their dream of the perfect home.

 

Justice for All?  Golf Community Residents Take Their Board Members to Supreme Court

I typically promote this newsletter and its topics at my web site, GolfCommunityReviews.com, but I am reversing the process for an important story I will feature at the web site, once I finish all the appropriate research.  It is a complicated issue, but the Cliffs Notes version is this:

Some residents of the Callawassie Island Club in Okatie, SC, have refused to pay multiple years worth of dues to the country club there.  At issue is whether the club’s board and its supportive Property Owner’s Association can impose a mandatory membership program on its residents.  An appeals court in 2016 sided with the residents, and now the community’s officials have pushed the issue all the way to the highest court in the state of South Carolina.  At stake, quite possibly, is not only tens of thousands of dollars for individual residents (and couples) but also the viability of mandatory membership programs in South Carolina and beyond.  As you will note elsewhere in this issue, such vaunted communities as Colleton River Plantation, Belfair and Berkeley Hall, all just a half hour from Callawassie, impose a similar obligation on property owners, although they are organized in a different way (i.e. the POA and club are run in tandem whereas Callawassie's two entities are separate, though simpatico in terms of the need for mandatory membership).

Of course, for those future golf community property owners who see bad news as a possible buying opportunity, Callawassie’s problems could be a silver lining.  Although no Callawassie properties are currently listed for $1 -– although the community’s real estate agency of record has been accused by some of the local residents of deceptive marketing of its listings–- anything under $10,000 with a view of the beautiful adjoining marsh seems like a great deal, especially if the residents and their governing bodies can repair the hard feelings after the court decision.  That’s a big IF, one I will explore in the coming weeks and will report on at GolfCommunityReviews.com.  

In the meantime, if you are looking for property or a home in the Low Country of the Carolinas, please contact me and we can assess your many options.

 

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
We, literally, have a dirty little secret about preserving buying power for a golf home in the Southeast.  Buy dirt now and build your dream home later.  Read more in this month's issue of Home On The Course.

savannah-lakes-tara-course-s.jpg
 
February 2018
Colleton River Plantation, Bluffton, SC

The Art of the Deal on Home Sites

Imagine that you are a born negotiator.  You love to dicker, and negotiating a discount price makes you feel as if you sank a 30-foot putt for birdie.  Wouldn’t negotiating the price of a wooded lot beside a highly rated Jack Nicklaus or Pete Dye golf course in a beautifully landscaped community down to $1(!) make you feel euphoric -- and with a water or golf view, nonetheless?

Well, here’s some bad news:  No negotiations are necessary.  In fact, you have your choice of 13 $1 lots in Colleton River Plantation, one of the most upscale and golf-centric communities on the Carolinas coast.  As of the end of January, the Bluffton, SC, area MLS (Multiple List Service) was showing a baker’s dozen of home sites in Colleton River listed at $1 each.  And these are no scruffy lots.  One looks out across a lake, and the seller is willing to pay the club initiation fee of $15,000 for the buyer. (More about that below.)  Two others look out directly on the Jack Nicklaus layout, one of my favorites in the Carolinas, especially for its lightning fast greens.

Okay, you ask, what’s the catch.  Well there is one, as there always is in a deal that seems too good to be true.  In this case, the “catch” is the club membership, which is mandatory.  All in, annual dues and homeowner association fees will run approximately $20,000.  Back in the mid-2000s, land and homes were selling fast at Colleton River and its companion communities of Belfair and Berkeley Hall (same club membership arrangements), and some homeowners believed that the dramatic price rises for lots in the community would continue at least for a few years, when they intended to flip extra lots they purchased for over $400,000, each requiring membership (and the obligation of dues) in the club.  That was the very definition of irrational exuberance, and with lot values plummeting to near nothing when the recession hit, and that contractual obligation of $20,000 annually in combined dues and fees, you can imagine how desperate some lot owners were –- and still are.

Nearby Belfair, with beautiful landscaping and 36 holes of fine Tom Fazio golf, is showing nine lots for sale at $1 each.  Berkeley Hall, on the other hand, has sold through its $1 home sites, its least expensive piece of property priced today at $10,000.  Berkeley Hall also features 36 holes of excellent Fazio golf and a dramatic brick Georgian clubhouse.

Mandatory membership is a two-edged sword, which is to say -- I am running rampant with the clichés here -– it can be both a blessing and a curse.  I explained the curse part above; if the economy sours, so too could your investment.  But the blessing part is that if you want to live in an upscale community and have been blessed with the resources to comfortably afford $20,000 per year in funding your lifestyle, these bargain lots (and many others priced nominally a little more) can be a financially sound point of entry, especially for those couples who see themselves enjoying places like the aforementioned communities for 10 or more years to come.  One other thing about mandatory membership:  It ensures a steady flow of resources to your club and clubhouse, through thick and thin and even recessions.  Many golf clubs in communities that did not require membership of its residents lost members during the recession years; those with mandatory memberships, like Colleton River, were comparably stable.

I once asked one of my customers, a retiree of a major international oil company, if he thought he was taking a risk by buying in Berkeley Hall and obligating himself to club dues.  He told me he believed “the common interest of the owners to maintain a top-quality private club at a reasonable dues level greatly exceeded the risk.”  And he added that because he was able to purchase a lot at about 1/10th its original price and build a home for a reasonable price per square foot, he further reduced the risk if he and his wife had to sell.  In the end, though, the couple’s choice of a home community with a mandatory membership was less about a financial calculation and more about how they will spend a good chunk of the rest of their lives.  “It was a lifestyle decision,” my client said.

My real estate expert in the Bluffton/Hilton Head area, Tom Jackson, can help make even more sense of considering any of these communities.  I would be happy to put you in touch with him, or vice versa.  Please contact me for an introduction.

 

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


The Case for Buying a Lot Now,
Building a Home in Three Years

If you are considering buying a home in the Southeast in a few years and are counting on spending the proceeds from the sale of your home up north and whatever other savings you have at present, waiting to start the process could cost you.

The fact is that homes in the highest quality golf communities in the Southeast Region sold last year in ever increasing numbers and at prices about 8% to 10% higher than the previous year, following a trend that started around 2012, after the shock of the Great Recession wore off and the stock market (and near-retirees’ and retirees’ 401Ks) rebounded.  The announcements of new golf communities are far and few between, which means inventory of homes for sale has been relatively static in recent years while demand from baby boomers -- their confidence in the future restored -- has grown significantly.  No PhD is necessary to understand that greater demand in the absence of greater supply leads to higher prices.

And that is clearly the case in most of the markets I follow in the Carolinas, Georgia and Florida.  In Brunswick County, NC, for example, which comprises the coastal area on both sides of US Highway 17 from Wilmington south to the South Carolina border, total real estate sales increased 32% year to year, and passed the $1 billion total mark for the first time since 2005, according to the Brunswick County Board of Realtors.  The average sales price increased by 8.5%, a number that meshes with anecdotal reports from most markets with active golf communities in the Southeast.

There are some outliers, such as the Pawleys Island area south of Myrtle Beach and including the towns of Murrells Inlet, Litchfield Beach, Georgetown and Pawleys Island.  Here, the average sales price dropped $40,000 to $424,000, even though inventories of homes for sale were down.  But as our real estate professional in Pawleys, Cathy Bergeron, explains, “properties on the market for a long time…are finally starting to sell, but at lower prices.”  She predicts that as these “drags on the market” (my words, not hers) are flushed out of the system, prices will rise.  (Note:  The market for condos selling for around $200,000 was strong in 2017, a fact that tended to tamp down prices at the higher levels for both condos and single-family homes.)

Assume you are a couple who intends to purchase a golf home (or any home, for that matter) in the Southeast in three to five years.  Assume as well that your budget to purchase that house is $300,000, in today’s dollars.  No one can predict the future, but using the last few years as a guide, consider that an 8% increase in prices this year will increase the cost to purchase a $300,000 house by $24,000 at the end of 2018; and another 8% increase in 2019 will drive the price up to $356,000, and another 8% in 2020 kicks it up to $384,000. (I rounded off the big numbers.)  Waiting for three years could put a major dent in a couple’s buying power for the home of their dreams, forcing them into a smaller house or a much less desirable one.

There is, however, one approach that could mitigate much of the loss of buying power.  Call it a hedge against real estate price inflation.  You could purchase this year a home site in an established high quality golf community, even though you do not plan to build for at least a couple more years.  Lot prices have not risen anywhere near as quickly as have homes since the Great Recession and, in fact, some are selling for as low as $1; and they are nice lots that sold for more than $400,000 before the recession (that number is not a typo).  See the accompanying sidebar for more on these $1 lots and other bargains.  A home site typically accounts for about 1/3 of a home’s total value; buying a home site now would provide a hedge against some of the expected price rises for golf homes in the South, and protect as well against a sudden surge in the prices of lots.  Of course, for the two or three years the lot sits unimproved, property taxes and HOA fees must be paid.  (Taxes are minimal compared to what we are used to up north, a few hundred dollars to a couple of thousand for an unimproved lot in many Southeast locations.)  

But if you believe, as I do, that prices for homes in high quality golf communities could rise as much as 30% over the coming three or four years, the purchase of a lot now makes financial sense for couples looking to protect their buying power, as well as their dream of the perfect home.

 

Justice for All?  Golf Community Residents Take Their Board Members to Supreme Court

I typically promote this newsletter and its topics at my web site, GolfCommunityReviews.com, but I am reversing the process for an important story I will feature at the web site, once I finish all the appropriate research.  It is a complicated issue, but the Cliffs Notes version is this:

Some residents of the Callawassie Island Club in Okatie, SC, have refused to pay multiple years worth of dues to the country club there.  At issue is whether the club’s board and its supportive Property Owner’s Association can impose a mandatory membership program on its residents.  An appeals court in 2016 sided with the residents, and now the community’s officials have pushed the issue all the way to the highest court in the state of South Carolina.  At stake, quite possibly, is not only tens of thousands of dollars for individual residents (and couples) but also the viability of mandatory membership programs in South Carolina and beyond.  As you will note elsewhere in this issue, such vaunted communities as Colleton River Plantation, Belfair and Berkeley Hall, all just a half hour from Callawassie, impose a similar obligation on property owners, although they are organized in a different way (i.e. the POA and club are run in tandem whereas Callawassie's two entities are separate, though simpatico in terms of the need for mandatory membership).

Of course, for those future golf community property owners who see bad news as a possible buying opportunity, Callawassie’s problems could be a silver lining.  Although no Callawassie properties are currently listed for $1 -– although the community’s real estate agency of record has been accused by some of the local residents of deceptive marketing of its listings–- anything under $10,000 with a view of the beautiful adjoining marsh seems like a great deal, especially if the residents and their governing bodies can repair the hard feelings after the court decision.  That’s a big IF, one I will explore in the coming weeks and will report on at GolfCommunityReviews.com.  

In the meantime, if you are looking for property or a home in the Low Country of the Carolinas, please contact me and we can assess your many options.

 

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
-->

 

It will be years before we understand the consequences -- intended or otherwise -- of the Federal tax plan Congress passed in December, but we do know that the plan will have a direct effect on the housing market.  Maybe that is enough to spur even more retirees to relocate in 2018.

The River Club, Litchfield Beach, SC
 
January 2018 
The River Club, Litchfield Beach, SC

Blue State, Red State:  Comparing Like Homes North and South

If you are retired, or close to it, chances are you will be downsizing if you relocate.  It makes little sense to pay for extra space for the occasional visit by family or friends.  Therefore, the best way to compare what you might pay for your next home with the value of the home you sell up North is to compare costs per square foot.  Here we compare 4 bedroom homes in select areas of the North with some 3 bedroom companions in noted golf communities in the South.

 

City/State$ per sq. ft. 4 BR home North$ per sq. ft. 3 BR home South
Stamford, CT
River Club, Pawleys Island, SC
$230
$106
Livingston, NJ
Kenmure, Flat Rock, NC
$213
$105
Mount Kisco, NY
Dunes West, Mt. Pleasant, SC
$243
$181
Villanova, PA
Pointe West, Vero Beach, FL
$186
$158
Yorba Linda, CA
The Landings, Savannah, GA
$409
$128
Arlington Heights, IL
Palm Aire, Bradenton, FL
$172
$131

 

 

Presentation on
“Moving to the Sunbelt”

I have been invited to discuss the process couples should use when considering a move to a planned community in the South.  The event will be held at the Simsbury, CT, Public Library on Tuesday, January 23 at 1:30 pm and is co-sponsored by the library and the Simsbury Senior Center.  If you live in the area and would like to attend this free event, please register with Kathleen Marschall by sending her a note at This email address is being protected from spambots. You need JavaScript enabled to view it. or contact me at This email address is being protected from spambots. You need JavaScript enabled to view it. and I will pass it along.  

I intend to post the entire PowerPoint presentation at GolfCommunityReviews.com and, in a few weeks on YouTube, which will include my commentary on each slide.

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


The New Tax Plan:
Should You Move Now?

 

There is strong consensus among economists, real estate professionals and business journalists that the Federal tax plan passed by Republicans in late December will hurt housing markets in proverbial “blue” states.  Those states, most of them in the North, include New Jersey, New York, California and my own state of residence, Connecticut.  The experts predict real estate value losses of as much as 10% in states that feature relatively high income-tax burdens.

Singin’ the Blues

Provisions of the tax plan have been assailed by some as purely “political,” as punishment for those states that consistently vote Democrat.  Real estate values in the blue states are generally higher -– in some cases, much higher -– than in their companion “red” states. In Livingston, NJ, where I was raised, a house not unlike the one I grew up in more than 50 years ago is currently listed for $765,000.  Its tax assessment last year was nearly $17,000. The new tax plan caps the combined deduction for property taxes and state and local income and sales taxes at $10,000 per filing.  Therefore, in cases where the property tax on a home exceeds the $10,000 limit, taxpayers will lose the deduction on amounts paid over that level and will not be able to claim any deduction on their state and local income taxes.  (In New Jersey, couples earning $100,000 are taxed at the rate of 6.37%.)
      On a list of the top 30 counties in the U.S. that will be hit the hardest by the $10,000 limit, every one was located in either New Jersey, New York, Illinois or Connecticut.  (Essex County, NJ, topped the list with a prediction of a 10.5% price drop in real estate values; Livingston is located in Essex County.)  These states also have large populations of retirees and near retirees, and you can bet more and more of them are considering a move to the Sunbelt, as much for tax reasons as for climate purposes.

$ Per Square Foot Tells Story

As I prepare for a presentation in Connecticut later this month for retirees considering a move South (see sidebar), I have been looking more closely at real estate prices and property taxes.  In general, I am finding homes priced at under $150 per square foot in many nice communities in the region, comparing favorably with the $200-plus for comparably sized and outfitted homes in the north.  Some of these southern homes are way under $150 per foot, such as the 2,100 square foot home facing Lake Thurmond in Savannah Lakes Village in South Carolina.  It is priced at just $219,000, or a smidgen over $100 per foot.

Overall costs of living, which comprise more than property taxes and income taxes, are generally much lower in the South than above the Mason-Dixon Line. They have been so for the 15 years since I began writing about southern real estate, indeed probably forever.  The first house I ever bought, in Marietta, GA, was brand new, about 2,400 square feet and was tax-assessed at $500 per year in 1978.  The house cost $43,000.  (From what I can tell, homes in the area are selling for around $400,000 today and property taxes are around $5,000.)  

Unintended Political Consequences?

With the punishing provisions of the new tax plan for the blue states, the comparison of North and South appears even more stark and will cause significantly more migration to the Sunbelt in coming years, with consequently higher prices for homes, more burdens on local and state services and, eventually, higher taxes.  That might not occur for a generation or two, but what is more likely in the short term is that the political landscape will change.  States like Georgia and North Carolina, already showing a slightly less conservative profile owing to years of newly arrived Yankees, could turn aqua in the next decade and royal blue in the years beyond.

Politicians aren’t known for thinking about consequences beyond the next election, and they are rarely careful about what they wish for.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
It will be years before we understand the consequences -- intended or otherwise -- of the Federal tax plan Congress passed in December, but we do know that the plan will have a direct effect on the housing market.  Maybe that is enough to spur even more retirees to relocate in 2018.

The River Club, Litchfield Beach, SC
 
January 2018 
The River Club, Litchfield Beach, SC

Blue State, Red State:  Comparing Like Homes North and South

If you are retired, or close to it, chances are you will be downsizing if you relocate.  It makes little sense to pay for extra space for the occasional visit by family or friends.  Therefore, the best way to compare what you might pay for your next home with the value of the home you sell up North is to compare costs per square foot.  Here we compare 4 bedroom homes in select areas of the North with some 3 bedroom companions in noted golf communities in the South.

 

City/State$ per sq. ft. 4 BR home North$ per sq. ft. 3 BR home South
Stamford, CT
River Club, Pawleys Island, SC
$230
$106
Livingston, NJ
Kenmure, Flat Rock, NC
$213
$105
Mount Kisco, NY
Dunes West, Mt. Pleasant, SC
$243
$181
Villanova, PA
Pointe West, Vero Beach, FL
$186
$158
Yorba Linda, CA
The Landings, Savannah, GA
$409
$128
Arlington Heights, IL
Palm Aire, Bradenton, FL
$172
$131

 

 

Presentation on
“Moving to the Sunbelt”

I have been invited to discuss the process couples should use when considering a move to a planned community in the South.  The event will be held at the Simsbury, CT, Public Library on Tuesday, January 23 at 1:30 pm and is co-sponsored by the library and the Simsbury Senior Center.  If you live in the area and would like to attend this free event, please register with Kathleen Marschall by sending her a note at This email address is being protected from spambots. You need JavaScript enabled to view it. or contact me at This email address is being protected from spambots. You need JavaScript enabled to view it. and I will pass it along.  

I intend to post the entire PowerPoint presentation at GolfCommunityReviews.com and, in a few weeks on YouTube, which will include my commentary on each slide.

 


If you are considering a search for a permanent or vacation home in a golf-oriented area, please contact me for a free, no-obligation consultation at This email address is being protected from spambots. You need JavaScript enabled to view it.


The New Tax Plan:
Should You Move Now?

 

There is strong consensus among economists, real estate professionals and business journalists that the Federal tax plan passed by Republicans in late December will hurt housing markets in proverbial “blue” states.  Those states, most of them in the North, include New Jersey, New York, California and my own state of residence, Connecticut.  The experts predict real estate value losses of as much as 10% in states that feature relatively high income-tax burdens.

Singin’ the Blues

Provisions of the tax plan have been assailed by some as purely “political,” as punishment for those states that consistently vote Democrat.  Real estate values in the blue states are generally higher -– in some cases, much higher -– than in their companion “red” states. In Livingston, NJ, where I was raised, a house not unlike the one I grew up in more than 50 years ago is currently listed for $765,000.  Its tax assessment last year was nearly $17,000. The new tax plan caps the combined deduction for property taxes and state and local income and sales taxes at $10,000 per filing.  Therefore, in cases where the property tax on a home exceeds the $10,000 limit, taxpayers will lose the deduction on amounts paid over that level and will not be able to claim any deduction on their state and local income taxes.  (In New Jersey, couples earning $100,000 are taxed at the rate of 6.37%.)
      On a list of the top 30 counties in the U.S. that will be hit the hardest by the $10,000 limit, every one was located in either New Jersey, New York, Illinois or Connecticut.  (Essex County, NJ, topped the list with a prediction of a 10.5% price drop in real estate values; Livingston is located in Essex County.)  These states also have large populations of retirees and near retirees, and you can bet more and more of them are considering a move to the Sunbelt, as much for tax reasons as for climate purposes.

$ Per Square Foot Tells Story

As I prepare for a presentation in Connecticut later this month for retirees considering a move South (see sidebar), I have been looking more closely at real estate prices and property taxes.  In general, I am finding homes priced at under $150 per square foot in many nice communities in the region, comparing favorably with the $200-plus for comparably sized and outfitted homes in the north.  Some of these southern homes are way under $150 per foot, such as the 2,100 square foot home facing Lake Thurmond in Savannah Lakes Village in South Carolina.  It is priced at just $219,000, or a smidgen over $100 per foot.

Overall costs of living, which comprise more than property taxes and income taxes, are generally much lower in the South than above the Mason-Dixon Line. They have been so for the 15 years since I began writing about southern real estate, indeed probably forever.  The first house I ever bought, in Marietta, GA, was brand new, about 2,400 square feet and was tax-assessed at $500 per year in 1978.  The house cost $43,000.  (From what I can tell, homes in the area are selling for around $400,000 today and property taxes are around $5,000.)  

Unintended Political Consequences?

With the punishing provisions of the new tax plan for the blue states, the comparison of North and South appears even more stark and will cause significantly more migration to the Sunbelt in coming years, with consequently higher prices for homes, more burdens on local and state services and, eventually, higher taxes.  That might not occur for a generation or two, but what is more likely in the short term is that the political landscape will change.  States like Georgia and North Carolina, already showing a slightly less conservative profile owing to years of newly arrived Yankees, could turn aqua in the next decade and royal blue in the years beyond.

Politicians aren’t known for thinking about consequences beyond the next election, and they are rarely careful about what they wish for.

 

Larry Gavrich
Founder & Editor
Home On The Course, LLC

 

 

Read my Blog | This email address is being protected from spambots. You need JavaScript enabled to view it.

 
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