An article in RisMedia points out buying a home in a good school area can provide significant advantages when it comes to reselling, helping to provide some protection against market fluctuations in price. The article examines things you should consider when purchasing a home, regardless of whether you will be using the local schools.
One of the first things they suggest doing is to determine how you will be able to benefit from choosing a home within a good school district. Apparently it's not just a matter of examining statistics and test scores, as other factors to consider include extracurricular activities, the overall environment and the amount of parental participation as well as the teacher credentials. Considering all these options can help you choose an area where children receive a well-rounded education.
According to real estate agents, one of the first things a home buyer evaluates is the quality of the school district, and many will only search in a particular area. Evaluating the quality is of a good school district is also highly individual ass while some families will be concerned about the overall standard of education, others may place more emphasis on athletics or perhaps the student to teacher ratio.
You don't need to have kids to benefit from buying within one of the top school districts in your area, as such properties can often maintain their value much better compared to similar properties in less desirable school districts. If house values fall it's far more likely that a property in a good school district will maintain its value or possibly even see it increase. This is well worth considering for selling the property on at a later date.
It can also pay to look for good schools in up-and-coming areas that are likely to see a considerable increase in the number of buyers during the coming years. Property tends to be lower priced in these types of neighborhoods, but the schools themselves could significantly change due to greater numbers of pupils enrolling.
Overall property is in good school areas tend to be located in the nicer neighborhoods, offering greater opportunity for appreciation and which are more likely to hold their value should the market fluctuate. Even buyers who don't intend to have children should look at purchasing within a top school district as it can be a much better investment. Many buyers will base their decision entirely on the proximity of the property to a good school.