All across the country, schools are starting back up to welcome a new class of students. While this certainly affects parents of school-age children, you might be surprised to learn that all homeowners are significantly impacted by the schools around them. Let me explain.
The average homebuyer considers a number of factors when selecting a home. They often care about the home’s appearance, size, layout, age, and proximity to amenities. But did you know that potential buyers pay special attention to the local school district of a home?
While we’ve always known that good schools attract families with school-age children, recent statistics are now backing up this belief with concrete 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.
Have questions for me? Want more tips? Let’s get in contact.