WE WROTE THE BOOK
In the book, Hirsh shares 35+ years' experience appraising, advising, consulting and brokering golf and club property. Topics of focus include market analysis, site and facilities, maintenance, marketability and the various elements of valuation, including the application of the approaches to value.
The text provides insight into the economics of golf properties, while explaining the many physical varieties, ownership structures, design and personal property elements that distinguish golf properties. The significant differences between private clubs and daily-fee facilities is discussed in depth.
Market segments are identified and the issue of highest and best use is addressed, along with some of the many unique elements of golf properties, such as dealing with renovation projects, the impact of membership refund liabilities and alternative uses. The book also contains due diligence checklists for potential buyers and addresses issues sellers need to consider.
2016 Appraisal Institute President Scott Robinson states in the foreward "Golf Property Analysis and Valuation is an up-to-date and authoritative reference on the economics of golf courses and clubs and the appropriate analysis and valuation of these properties."
Developed for architects, attorneys, bankers, brokers, club leaders, consultants, courts, owners, managers, buyers and sellers of golf properties, as well as appraisers who take on golf property assignments, it is destined to be a resource for all participants in the golf and club property environment. The book will be avilable for $60.00 ($50.00 for AI members) through the Appraisal Institute in October at www.appraisalinstitute.org or look for a link next month's issue of GPA's Chip Shots.
