A new school year is now at least a month underway. So the impact schools have on a Buyer's decision of where to purchase a home has been on my mind, and how Schools Can Be A Major Considerations In Purchasing A Home.
The quality of schools in a town or city have always played a major consideration for Buyers, especially Buyers with school age children. Schools also tend to have an impact on property values. Buyers with children are many times willing to pay more for a property if it is in a school district considered to have quality schools, even if it means going over their desired budget.
Besides the quality of schools, the location, and proximity also play a major roll on a Buyer's decision to purchase. Parents are hesitant to send their children to a school located in what is considered a bad neighborhood, or if it involves a lengthy bus ride.
In my opinion all schools have advantages and disadvantage, even those in locations which are not considered very desirable. Both of my boys did not go to what would be considered the best public schools. Middletown, CT is not considered one of the towns in Connecticut with one of the best public school systems.
I could have sent my sons to one of the better private schools in town but choose not to. I wanted both of them to receive the education and experiences in life which would prepare them not only with the education they would need to succeed in school, but to also prepare them for what they would face once they graduated as well. For me other things were more important in considering where I would live.
For my family I believe it was the right decision, and one I have never regretted making. However, I do not consider myself the norm when it comes to the roll schools play in purchasing a property. For most Buyers schools have been and will continue to be a major considerations in purchasing a home.
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George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
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