South Florida  - Company Message
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

Selling Your Home During Holiday Season
South Florida Welcomes Fall!
Have You Heard? It's Selling Season!
Mandatory Equity Membership: Points to Ponder
Life is Sweet on the Peaceful Shores of Highland Beach

Categories

Holiday Home Sales
New Year's Resolution
Real Estate Pulse for 2013
Real Estate South Florida 2014
Showing Tips
South Florida Interior Design Tips

Archives

November 2014
October 2014
May 2014
November 2013
October 2013
September 2013
August 2013
July 2013
May 2013
March 2013
January 2013
December 2012

powered by

My Blog

Mandatory Equity Membership: Points to Ponder


Mandatory Equity Membership: Points to Ponder



Mandatory Equity Membership is associated with golf course communities requiring homeowners to purchase a club membership when they buy a home. This membership entitles them to use the facilities and own a portion of the golf club.




There is a mandatory equity membership fee and at times, an initiation fee; these can range anywhere from $5000.00 to $250,000.00, dependent upon exclusivity. Some clubs separate the fee into an amount that represents the refundable equity interest and one that represents a contribution to capital that is not refundable.





Annual dues are also part and parcel and the amount depends on the number of members and the cost to operate the facility. Clubs with fewer members are more exclusive and more expensive. If the annual dues are insufficient to cover operating costs and capital improvements, members are assessed additional amounts each year to make up the shortfall.



In addition, most equity clubs require a minimum dollar amount must be spent each year on the premises. If the minimum is not reached, the member is charged the difference. Many clubs also charge additional amounts for golf cart usage, locker room use, club storage and at times, tipping or holiday bonus pools for staff.




By now you may be thinking how this expense may benefit you? In mandatory equity membership communities, the condition of the golf course is generally exceptional due to the fact there are greater funds for maintenance and fewer players to create wear and tear on the course. Tee times are readily available and the facilities and food are often of much higher quality than those offered at a public course.


If you are considering a home purchase in a mandatory equity membership community, have your REALTOR walk you into the membership office to meet staff and learn about the many benefits and levels of club membership. Prior to your final purchase decision, your REALTOR can usually arrange an opportunity for you to play the course and have a meal or take advantage of other services offered in the club.

Mandatory equity membership can be a worthwhile expense with fabulous benefits.
 

Copyright: Valerie Anne Martinetti, 2014





7 Comments to Mandatory Equity Membership: Points to Ponder:

Comments RSS
dmitri chavkerov on Friday, August 29, 2014 2:07 AM
Great post!! Amazing tips you have mentioned in your blog. I am sure remedy will be effective once I would apply them. Millions of thanks for sharing the information through this blog.
Reply to comment


Indian Share Market Tips on Thursday, June 18, 2015 7:04 AM
Mandatory Equity Membership is associated with golf course communities requiring homeowners to purchase a club membership when they buy a home.Firstly thanks a lot for such a wonderful post. I would like to know more about such topics and hope to get some more helpful information from your blog.
Reply to comment


Indian Share Market Recommendations on Tuesday, December 01, 2015 5:35 AM
very interesting place and your post about it very good and useful for people so thank you for sharing.
Reply to comment


Sure Stock Cash Tips on Friday, December 11, 2015 7:43 AM
I should thank you for writing on this topic, very useful information you have given through this blog regarding golf sector. thanks for sharing.
Reply to comment


mcx tips on Saturday, January 16, 2016 4:16 AM
The whole content is knowledgeable but the most important thing here i like is the transparency term in business i.e. return on equity to make trust on customers,& provide them profit legally.
Reply to comment


Best Advisory In Indore on Tuesday, September 27, 2016 4:29 AM
Shared post is really appreciable, great inforamtion it contains. Thanks for sharing the informative post.
Reply to comment


Best Share Market Blogs on Tuesday, May 23, 2017 8:05 AM
I would like to thank ypu for the great and informative entry.really liked the way you put together everything.there is certainly no need to go any further to look any additional information.you mentioned each and everything that too with much of ease.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment
Website Builder provided by  Vistaprint