Whether or not you have kids, finding a home in a great school district can provide a number of benefits, namely in the value of your new place. A quality school district is a highly desirable feature and actually boosts property value pretty significantly.
If you’re in the process of buying a home, here’s why you should be considering the school district that comes along with it.
Obviously, you want your kids to go to a good school.
The most obvious reason to look for a home in a highly-ranked district is for the purpose of a quality education for your children. There are a lot of things to consider in what makes a school “high-quality”.
Private schools aren’t the only ones that provide a superior education; many public schools are offering courses that are desirable for parents and students nowadays, like foreign languages, advanced placement, and music and arts. You just have to do a little research to find a district that matches your expectations.
When it comes time to sell.
If you’re thinking: “I just bought this house! Why do I need to think about selling it?” we’re with you. But if you want to be realistic, you probably won’t be staying in this new home for the rest of your life.
There are many factors that go into a “sellable” home, but school district rank is toward the top. Do yourself a favor now, and make sure your district will be desirable for buyers down the road.
Quality schools mean quality neighborhoods.
While this is not always true, there is a general correlation between the quality of a school district and the quality of its surrounding neighborhoods. When local government and residents are dedicated to providing a positive educational experience for its youth, they are, overwhelmingly, more likely to care just as deeply about the environment kids are growing up in.
Pay more to get more.
Moving to an area within a good school district is going to cost you more—that’s just how it is. But, like anything else, you pay more to get more. In markets that turn quickly, owning real estate in a desirable area can serve as protection for your home’s value.
Home values will always fluctuate no matter what, but you can help ensure your value doesn’t dramatically decrease by buying in a good district.