All across thecountry, schools are starting back up to welcome a new class of students. Whilethis certainly affects parents of school-age children, you might be surprisedto learn that all homeowners are significantly impacted by the schools aroundthem. Let me explain.
The average homebuyer considers a number of factors whenselecting a home. They often care about the home’s appearance, size, layout,age, and proximity to amenities. But did you know that potential buyers payspecial attention to the local school district of a home?
While we’ve always known that good schools attract families withschool-age children, recent statistics are now backing up this belief withconcrete numbers and surprising trends.
Housing costs tend to be higher in areas where high-scoring schools are located. Recent studies found that homes near high-performing schools were sold for an average of $205,000 more than homes near low-performing schools.* That’s a big difference in your pocket!
From my vast experience with clients, I’ve learned that potential buyers start researching school district spending and performance two years in advance. Because this is a top ten motivating factor for buyers, I can provide insight to help you make the best investment possible no matter where you are in the buying process.