School Districts Play an Important Part Home Values

By
Real Estate Agent with The Berkshire Group Realtors

School house

School might be a faint dream from the past for many older buyers, maintaining a home's value is something that should concern anyone who plans to sell one day.

The quality of school districts effect property values significantly. Neighborhoods in areas where the school district is well-run providing children with a good education and a high graduation rate will win out over districts where the schools aren't as successful.

Buyers should always consider looking into the school district and comparing test schools when moving to a new area.  This holds true even if the buyers don't have children.  Home values tend to stay stronger in a good school district meaning the equity in the home will be there when it comes time to resell.

Many argue against living in a good school district, because they prefer to pay less in taxes.  Yes, this is a trade off.  If one were to carefully keep a record of the differential in costs, the poor school district might save money in the long run but statistics indicate homes in the desirable school district will sell faster for more.

Figuring out the best balance of good schools in an affordable neighborhood can be a challenge.  Buyers find it isn't necessary to be in the #1 top area, #2 & #3 areas in Colorado are usually far above school districts in many parts of the country. 

Once again real estate (and schools) are local.

As always the choice is yours. 

Denver Metropolitan School District Map

Education in Denver Metro

Denver Private Schools

Relocaton to Denver

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Ryan Hukill - Edmond 02/01/2011 04:08 AM
Topic:
Home Buying
Location:
Colorado Denver County
Tags:
denver schools

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Rainmaker
1,369,747
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

I think not just school districts but in many cases specific schools. I would love to see someone do a long term study of this topic.

Jan 29, 2011 04:17 PM #1
Rainmaker
1,402,493
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

Kristal, why we live (and practice real estate) here is primarily due to the quality of the schools. Having lived where schools are not so good, it is very important that my clients access great schools.

Jan 29, 2011 05:01 PM #2
Rainmaker
636,372
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Kristal, values in some schools actually increase more over time than less desirable schools.

Jan 29, 2011 06:43 PM #3
Rainer
60,248
Paula Stills
RE/MAX Real Estate Results - Bentonville, AR
Full time Real Estate, Ready when you are!

Good morning Kristal, the same holds true in Northwest Arkansas.   With all the information my clients can get from the internet most client already know what district they want.....Make it a great day.

Jan 29, 2011 10:31 PM #4
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Kristal Kraft

Selling Metro Denver Real Estate - 303-589-2022
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