The appraisal of a Golf Course without other amenities
typically found in a Private Club often means that the club is a for profit
business. This is usually, but not always the case, and can affect the value of
the property. An operating Golf Course is usually appraised as a Going Concern.
Going Concern values include the value of the land, buildings, site
improvements, equipment, and goodwill. Golf courses can be appraised in Fee
Simple, which would not include any personal property. The purpose of the
appraisal usually dictates which value is to be sought in the appraisal. New
and un-established Golf Course Properties present appraisal challenges due to
the lack of a track record.
Our company is familiar with the challenges confronting
appraisers when appraising Golf Course properties. We have experience
appraising various types of Golf Courses and are available to appraise them
anywhere in the United States.