A topic I often find myself discussing with clients is whether or not the school district matters when they don't have school-aged children. IMO, it always matters, and should at least be considered. My friend, Kristal Kraft, summed it up well in the following post:
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.
Broker Associate, ABR, CIPS, CRS, GRI, ePRO, PMN, PNG
The Berkshire Group, REALTORS
3801 E. Florida Ave., Suite 400
Denver, Colorado 80210
303-589-2022 ~ direct 303-953-5362 ~ fax
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