FINANCIAL OBLIGATIONS
Evaluating Ongoing Club Fees
Country club membership fees vary widely. If you’re not able to locate the fee schedule online, reach out to your real estate agent or contact the membership department at your country club of interest. To assess the overall cost of country club living, it’s important to consider both membership fees and HOA dues.
Common Country Club Memberships Types & Fees
Many country clubs in South Florida offer golf, tennis, and social memberships for individuals or families. You can expect to pay initiation and application fees to join a country club. Equity memberships will allow you to get a refund for a large percentage of your initiation fee. While nonequity options don’t entitle you to a refund when you resign from the club. The cost of the annual membership will depend on the level of amenities offered as well as the membership type that you select. You may be subject to an annual dining minimum that would require you to spend a minimum amount in the club’s restaurants every year. Some clubs charge additional fees for miscellaneous items such as locker rentals and bag storage.
If you are an avid golfer, you may actually save money by joining a club. Track your monthly golf expenses to compare your current expenditures to the cost of membership. If you enjoy a country club setting but only golf on occasion, you should consider a social membership. Social memberships usually give you access to all the club amenities except for the golf course.
