It does add value to someone who is a member of Red Hill because it is a private members only golf course. However, to most people who are not a member, it would not matter. The way it works in real estate for value is the square footage of the home, size of the back yard and what the upgrades are in your home. Many times you do not get all the money back that you have put in for upgrades into a home either. I always tell my clients that your taste in what you consider upgrades may not be considered an upgrade to someone else. These items just make your home more desirable than one that has not been upgraded. You never get all your money out of upgrades or for a pool for that matter either. The value that it does add is the convenience for a Red Hill member. Memberships are down right now (I should know as I am a member). So, I do not think there would be any monatary amount that would substantiate raising the price of your home just for that reason. An appraiser will come in from the lender and look at what homes are selling for all around you in a one mile radius and then branch out to other homes from there if not many homes have sold. The home will have to appraise for what you are selling it for and that is how an appraiser determines the value.
If I can help you in any way, please do not hesitate to contact me.
Joan Patterson, B.A., A.S.P., G.R.I., Realtor, License # 01431647
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, CA 91730