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Home on the Course by Larry Gavrich

The Landings in Savannah has plenty in reserve In the roaring ‘80s and ‘90s, as real estate values moved ever higher year after year, folks shopping for a vacation or retirement home in a golf community didn’t need to worry about much more than climate, the quality of the golf and how many good restaurants were just outside the gates. Today, though, my clients tell me their topof-mind issue is whether an investment in their dream home could turn into a nightmare. More and more, they are choosing to buy only in the most financially secure communities. e Landings at Skidaway Island, near Savannah, is at the top of the ever-shrinking list of stable communities. With roughly 4,000 homes (most occupied full-time), e Landings has size and stability going for it, and has less the feel of a resort development than a small town -- albeit one

with a ton of amenities. e community is free of debt and with enough dues-paying residents to support those amenities; and good management and financial planning (including a multi-million dollar capital reserve fund) should keep the community strong for generations. Since 1997, the community's homeowners have been in charge of everything, and by all accounts they have run things to last forever. e well run Landings Company, whose Real Estate Discovery Center is the first point of contact for visitors to the community, is owned and managed by residents. Recognizing the need to bring in new real estate buyers to keep the community and the private club viable, Landings residents voted to create the self-sustaining company -which has benefited the community and its property values throughout the real estate downturn.

18 | New England Golf Monthly | September - October 2010

New England Golf Monthly - September/October 2010  

Fall Golf in New England, Home on the Course-The Landings, The Deutsche Bank Championship, Golf Real Estate, Virual Golf in New England, Mus...

New England Golf Monthly - September/October 2010  

Fall Golf in New England, Home on the Course-The Landings, The Deutsche Bank Championship, Golf Real Estate, Virual Golf in New England, Mus...

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