If you’ve been thinking about joining a private golf club, there are a few things to consider before you sign up. These include whether you’re interested in equity or non-equity membership, and how you’ll be able to maintain the facilities you’ve paid for.
Equity vs non-equity memberships
Equity vs non-equity memberships is very different. The biggest difference is that equity members share a sense of ownership. They are not only responsible for paying dues, but they also have voting rights on important club issues.
Non-equity clubs are usually owned by a corporation or individual. Membership fees vary by club and can range from a few hundred dollars per month to over a thousand. These clubs are more expensive than equity golf courses. However, they often offer fewer amenities.
Non-equity golf clubs do not have assessments for amenities. Members do not have to worry about unexpected assessments for budget deficits or major repair projects.
In addition, non-equity clubs are more affordable. Members can choose to pay smaller up-front fees or for a seasonal membership. During the winter high season, members can enjoy limited rounds. Unlike equity golf courses, members are not subject to tee times.
Equity clubs have a board of directors and offer a degree of refundability. Typically, you get back a percentage of your money when you leave. You can also join the board of directors and vote on key course issues.
Capital amenity maintenance
Having a well-conceived and executed capital amenity plan in place should be a no-brainer, especially in today’s gimmicky economy. Aside from budgeting and lining the coffers, private clubs have to meet the needs of their members. It’s not all about membership though, so a good plan of action should include a bit of strategic planning. Of course, a plan can’t be a plan if the community has a dearth of golf courses, so a strategy that includes building partnerships with clubs and other organizations with similar objectives is in order. And while the best way to attract golfers might be to build more golf courses, a broader strategy that includes improving access, cleanliness, and safety might just be the ticket.
The aforementioned list is by no means exhaustive, but a good starting point. Considering that many private clubs have been around for decades, a thoughtful planning process can help ensure that the best ideas are not lost in the ether. Among the aforementioned ideas is a formalized budgeting process that includes a capital amenity plan – a centralized document that details the major capital improvements that can be made in the future, and the best ways to allocate funding for them.
Whether to join a private golf club or stick to a public facility
One of the great mysteries of golf club selection is deciding whether to join a private club or stick with a public facility. In the grand scheme of things, both have their merits. There are many private clubs to choose from in the metroplex, and not all of them are created equal. Some have a small membership base while others offer more bang for the buck. The decision is a matter of cost, convenience, and ego. It’s a good idea to weigh your options deliberately and to get to know the pros and cons in advance. This can only be accomplished by reading up on the various golf courses in your area.
While you are at it, you might as well consider the perks that come with membership, such as complimentary carts or free food and beverages. Whether you are looking for a new partner, an excuse to play more often, or a sane way to stay fit, the right club can make the game of golf more of a game.
Limitations of private golf clubs
There are many limitations to being a member of a private golf club. You may be limited to only playing on one course, have a set tee time, and have to play with a spouse or family member. In addition, you’ll probably pay more for each round of golf. Before you decide to join, make sure you understand all of the limitations.
If you’re an avid golfer, you’ve probably noticed that there are a lot of private clubs out there. These facilities have amenities that public golf courses don’t. But you’ll pay more for your membership and you might have to play with a spouse or other family member. Plus, you might have to stick to a single course, which means you’ll miss out on a lot of other golf courses.
On the other hand, there are golf clubs that allow you to pay a guest fee to play with other members. The guest fees can vary from $50 to $150.
