The top 5 most expensive golf club memberships in the world Liberty National – New Jersey, USA. Bear’s Club – Florida , USA. Trump National Golf Club – New Jersey, USA. Fancourt – Western Cape, South Africa. Singapore Island Country Club, Singapore. A renowned and exclusive golf club in Singapore, its exquisite golf courses are known for being some of the best in the world.
Golf Dues: $2,750 mo.
Joining a golf club is usually not cheap, and the to make it financially worth your while you will have to play quite often. If you don’t get on the course, you are still paying a lot for the privilege of being a member without getting any real benefits.
Most golf clubs (and country clubs) charge a one-time initiation fee to join. It is difficult to cite the average cost of a golf club because prices are diverse, and the cost depends on the club and the amenities. Some have annual dues of $3,000 a year, and others can be as expensive as $100,000 .
Obviously as a winner at Augusta National he is a member at the famous course too. Collapse Tiger Woods What’s In The Bag?
The membership costs at Augusta are relatively low for a club of its stature. The initiation fee is estimated to be in the range of $40,000 . And the yearly dues are estimated at “a few thousand” dollars per year.
If the choice is between a golf membership and a deposit on a property, it’s the sensible option to go for the roof over their head. Golfers are now expecting to pay 50% of the green fee , or even less, and that’s unsustainable, unless you’re going to charge the members even more which they would never countenance.
A joining fee was seen as a way of keeping down the annual subscription, thus reducing the ongoing cost of a club membership in favour of a larger upfront payment.
Golf clubs are expensive because there is a lot of R&D (Research and Development) that takes place before manufacturing. Durable, high-quality materials are also used in the making of these clubs and drivers that they are made to last for a very long time.
According to a recent Business Journals analysis of 449 U.S. counties, the number of golf courses and country clubs declined by 5 percent between 2005 and 2015. More than 500 households surround the club’s golf course, and owners worry about depreciating property values.
Millennials who are burdened with loan debt often can’t buy homes, much less drop thousands of dollars on club initiation fees and dues. And if cost isn’t a deterrent, many young people are put off by the image of the country club —stuffy and formal, with old-fashioned dress codes and rules about cell-phone use.
If you can meet your financial goals while also getting a country club membership , that is a perfectly fine decision. Many country clubs will still require you to pay for a cart each round, along with having a minimum monthly spent on food at the clubhouse.
What Are the Costs? Because a country club is a private organization, you must pay for the privilege of membership. The fees cover the costs of maintenance, upgrades and staffing for the facilities and allow the club to offer activities and amenities to the members.
Many country club memberships offer unlimited golfing to members , so if you are an avid golfer, this could make your membership fees well worth the cost, all by itself. It can also sometimes include unlimited access to driving ranges, putting greens and other on-site practice facilities.
A lot depends on the initiation fee , which is actually the best reason to be looking right now. Some clubs have eliminated initiation fees or lowered them to a few thousand dollars. Some will even allow you to finance them over several years.