Recently my husband and I have been contemplating moving ourselves. When we built our house, we were newlyweds...which at the time, I do believe our number one priority may have been being close to a Starbucks! Ten years, two dogs and two kids later, you can only imagine how our priorities have changed. As we embark on this new home search, as so many of my clients have done themselves, it is with the utmost importance that I focus on school districts, and here's why.
Even if you don't have or never plan to have school-age children, here are 3 reasons why you too should consider the quality of school districts when you buy your next home.
1. You’ll pay more to live in a good school district. Parents of school-age kids often pay attention to school performance ratings and are likely to pay more to be near public schools with higher scores.
2. A good school district might protect you from the real estate market’s ups and downs. Even in a down market, an excellent school can be the rising tide that lifts all nearby home prices.
3. Though it may cost more to buy near a good school, it will be good for resale. Buyers, before moving forward on a home, should immediately think like a seller. Ask yourself the question: “If the housing market changes and I need to sell, how will my home fare?” The location, and in particular the school district, should be considered.