Golf Development Costs
The development cost of a golf facility has many variables. These can include land acquisition and project permits; the extent and complexity of earthworks, drainage and irrigation; the local cost of raw materials and labour; professional fees; the cost of achieving the developer's vision; and the cost of ensuring that the finished product suits its target market.
RJGD years of experience, and industry data, can provide national and regional average golf development costs, but at times this can be misleading, as site and project specific factors always have to be taken into account.
In recent years costs have generally reduced. This fact, together with a wider realisation [amongst developers and the golf industry] that costs need to be reduced to ensure greater commercial viability and sustainability, and the more pro-active approach that is being taken to bringing more people into golf, means that now is actually a good time to be developing new golf facilities or upgrading existing ones.
The primary cost items in the development of a golf facility are as follows;
Other costs involved with any development include;
- Site clearance and preparation [removal of fences, hedges, existing herbage, scrub and debris, and stripping of topsoil]
- Earthworks [bulk earthworks - cut and fill, shaping of fairways, excavation of water lakes and ponds and other features]
- Shaping and forming of greens, teeing areas and bunkers
- Drainage and Irrigation system installations
- Topsoil re-spreading, cultivation and grassing
- Tree & Shrub Planting
- Paths, Bridges & Sundry features
- Establishment Costs [Grow-in of the course from seeding to opening, including personnel]
- Pre-opening costs including course furnishings & signage
- Development of golf maintenance complex [including machinery, tools, other equipment]
- Professional Fees [golf designer, agronomist, environmental advisor, engineering]
- Infrastructure [roads, drains, water, sewage treatment, electricity, telecommunications]
- Design, construction and fitting-out of clubhouse, car parking and other associated buildings
- Sales and marketing
- Pre-opening costs
- Professional and statutory fees [legal, financial, permits, architecture, engineering]
RJGD will provide development cost estimates at the earliest possible stage of a golf development project, and will update these at all stages of the design and construction phases.