It's National Homeownership Month ~ Reason #4 To Own Your Own Home

By
Real Estate Agent with Coldwell Banker Realty

 

 

It's National Homeownership Month in June and here's Reason #4 why you should own your own home:

 

 

IT MEANS HAVING A GOOD PLACE TO RAISE CHILDREN AND PROVIDE THEM WITH A GOOD EDUCATION

 

Reasons #4 To Own Your Own Home

 

Anyone with school age children, who has searched for and purchased a home will tell you that the quality of the neighborhood and local schools are the two primary determinants of how their home was selected (after budget, of course). And even if you don't have children, buing a home in a good school district is important.

 

When surveyed, nearly two-thirds of respondents indicated that the quality of the schools was a critical factor in their decision to buy a specific home. That's because buying a home in a good school district preserves and enhances a home's value over the long term and also leads to faster resale. We see this in Charlotte all the time... homes in the top school districts sell quickly, they sell for top dollar, and they retain their value. And in our current market with low inventory, the lowest inventory neighborhoods are those in what are considered the top school district.

 

The difference in value between equal homes with one in a first-rate school district and one in a second-rate school district can be as much as 8-10% even if the neighborhoods are both equal. A study from Realtor.com also showed the following interesting statistics about how important good schools are to home buyers and owners:

 

  • 20% of home buyers will give up an extra bedroom or garage to buy a home in a good schoold district.

  • One out of three buyers would buy a smaller home to be in a good school district.

  • 20% of home buyers would pay 6 to 10% above their budget for a home in a good school district; while 10% of home buyers would pay as much as 20% above their budget to be in a good school district.

 

A study from Redfin showed that homes in good school districts can get $50 more per square foot in sale price versus those in a less desirable school district.

 

 

If you are a renter, who would like to make the transition from renter to homeowner, contact Nina Hollander/Carolinas Realty Partner with Coldwell Banker Residential Brokerage.

We can help you turn your rent payments into mortgage payments!

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

If you are considering purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

 

Related Articles On National Homeownership Month:

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Rainmaker
1,888,775
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Another good post on why to own a home. In my area, being in a top school district is a definite "must" for many homeowners.

Jun 09, 2015 11:22 PM #1
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

School district is so important.....or you could wind up with children that are raising parents.  

Jun 09, 2015 11:35 PM #2
Rainmaker
3,445,627
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roger D. Mucci ~ if you do anything for me, it's always to give me a good laugh!

Jun 09, 2015 11:39 PM #3
Rainmaker
3,445,627
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Thanks, Lottie Kendall ~ same here in Charlotte-- homes in top public school districts carry a major price premium. And it's the first subject parents bring up with me when looking for a home--a top school district.

Jun 09, 2015 11:40 PM #4
Rainmaker
719,075
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Hi Nina, Having a "home" for the family is probably reason #1, not number four.

I like your series.

Bill Roberts

BTW I was going to suggest that you put in links back to your other posts, but you beat me to it.

Jun 09, 2015 11:41 PM #5
Rainmaker
3,445,627
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Bill Roberts ~ putting this series together, I hadn't really given thought to prioritizing reasons--I think in many ways they are all important but which ones are more important than others depends on an individual's situation. (Learned that lesson some time ago from Bob Stewart on linking back to related posts. I miss Bob.)

Jun 09, 2015 11:45 PM #6
Rainmaker
719,075
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Hi Nina, I'm sure Bob landed on his feet. He worked for Jon and Matt as a real estate agent before they created ActiveRain. I would have thought that we would have heard from him by now.

Bill Roberts

Jun 10, 2015 12:18 AM #7
Rainmaker
3,445,627
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bill Roberts ~ I kind of agree that it's a shame we haven't heard from or about Bob in such a long time.

Jun 10, 2015 12:25 AM #8
Rainmaker
1,727,406
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

There is a lot to be said about stability Nina Hollander and when a child has a home to grow up in it makes a big difference. There is so much uncertainty in a child's world but knowing that day after day, year after year, there is a place called home gives a child confidence. We are blessed here in Minot ND with an excellent school system. While there are "preferred" grade schools in town every Minot grade school is top notch.

Jun 10, 2015 12:31 AM #9
Rainmaker
3,445,627
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm ~ if all your schools in Minot are top notch, Bob, you are lucky to be living in such a great place! As you know in many large metro areas that is not the case (unfortunately).

Jun 10, 2015 12:46 AM #10
Rainmaker
1,042,513
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Nearly all positive indicators to a good economy have education factored in somewhere Nina. There are no losers in this equation, well done! 

Jun 10, 2015 01:56 AM #11
Rainmaker
3,445,627
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Thanks, Kevin J. May ~ all the time I was growing up I remember my Mother saying "without an education" you'll have nothing in life.

Jun 10, 2015 01:57 AM #12
Ambassador
4,170,480
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Nina- you are absolutely right with this reason to buy a home.  Even though we did not have school age children at home, we made sure to buy in a good school district for the resale value.  

Jun 10, 2015 02:19 AM #13
Rainmaker
3,445,627
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Kathy... I always tell people who say they don't care about schools because they have no kids that is a short-sighted attitude that will cost them one day in appreciation and value.

Kathy Streib

Jun 10, 2015 02:22 AM #14
Rainmaker
2,409,475
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

This is such a great series of posts Nina, I love them all!

Jun 10, 2015 01:14 PM #15
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Rainmaker
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