If you have kids or are thinking about kids, buying in a good school district is a no brainer. But, what if kids aren’t even on your radar? Do you still need to think about school districts?
The short answer is – yes.
Living in a top-notch school district isn’t just about good teachers and superior resources. School districts play an essential role in preserving your home’s value and its resale potential. Additionally, during tough economic turns, homes in good school districts typically retain their value more steadily than those in lower-quality school districts.
Identify Where Good Public Schools are Located
As you start house hunting, make sure to consider a potential home’s the school district. When it is time to upgrade to accommodate a growing family or downsize to handle a few less folks, being located in a good school district will make your home more attractive to potential buyers.
To determine if you are shopping in a good school district, take these factors into account:
- Facility Conditions
- Student-to-Teacher Ratios
- Available Courses
- Standardized Test Scores
- Graduation Rates
- College Attendance Percentages
- Parent Involvement
Do the Parental Math
There are definite pros and cons to buying in the best school districts. Namely, property values are higher. However, if you do the math, you might find that a pricier home in a good school district is actually more affordable than sending your kids to private schools.
Consider Your Future
Get really honest with yourself. While you might not have immediate plans for kids, do you picture yourself having a child at some point in your life? If so, it is best to make sure you are prepared.
Ready to start house hunting for a home in a great school district? Make sure to get pre-approved first. Give me a call, I’m here to help.
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