When buying a home, it’s important to consider many factors. Whether it’s on the top of your list or not, living in a good school district should be included, even if you don’t have children. Not only can living in a good school district help your home values remain consistent, but it also helps to ensure faster resale rates. This is because many buyers indicate that school districts are among their top deciding factor when buying a home. Trulia released a survey stating that 19% of Americans dreamed of having a home located within a good school district, of those having children under 18 the percentage jumps up to the 35%.
If you aren’t sure if a home you’re interested in is located within the dream location, consider a few things: age of the schools, condition of the facilities, student-to-teacher ratios and standardized test scores. You can always use your realtor as a resource as well, or even ask neighbors around the home. When thinking of long term investment opportunities, it has been shown that buying within a good school district can pay off because homes tend to sell faster in those areas.
Some other information to consider before signing the dotted line is that if you do decide to live within a good school district, you may end up paying more property taxes. These taxes tend to be funneled to the schools and if you don’t have children it may not make as much sense. At the end of the day, it is important to sit down and consider what matters to you in the long run. Do your research, ask around and we’re sure you’ll make the right decision.