I go to as many local school board meetings as I can. It helps me stay on top of potential changes that could hurt or help my clients.
At a recent school board meeting I was told (by the local school board representative in a neighborhood I work) that the particular school a home feeds does not effect the value of a home...only the school district has any value add or subtract.
I was puzzled by this statement...first....when i asked the official in question how he was able to render this expert opinion on real estate values (I asked if he was an agent as well as a board member) he said he tracks home values.
As agents know all too well...a specific school can effect values in a significant way...as well as time on market. I would argue...even crime rates.
We have many sources that rate schools online...and many parents choose a specific neighborhood simply because of a school (or group of schools).
I understand a school board member telling potential buyers (who will of course pay taxes to the school district) that this has no effect...but in realty the school district should focus it's energy on raising the level of all its schools to that of the high demand schools.
I truly see no point is telling a resident or potential resident a lie...I also understand the potential overcrowding issues with schools that have great ratings (in school districts with open enrollment) but...again...lets raise the level of the average to poor schools...not try to mask the issues!
We are very lucky here in Brevard County, FL to have one of the finest (if not the finest) school districts in Florida. We have a highly educated work force that demands quality schools. With that said, as a buyer I strongly suggest you do your research. The best individual schools will not only assure your kids the opportunity to get a great education, it will also enhance your home value investment.
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