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Sign into your accountWhy the School District Should Impact Your Clients' Home Search
August 21 2014
Buying a home in a good school district can result in resale advantages, offer protection from market fluctuation and provide a great education. Real estate experts in markets across the country share what consumers should know about a school district's impact on real estate, regardless of whether or not they plan on using the school system. Feel free to share this information with your clients!
Determine what you're looking for in a school district
Before you begin your search, determine how you are looking to benefit from the school district.
According to Aisha J. Thomas, associate broker, The Thomas Agency, the most important quality of a good school district is unique to every buyer. "Although test scores and statistics are a great starting point, schools require a closer look. Factors to consider are the environment, active parental participation, teacher credentials/support, offering of core competencies, extracurricular and after-school options. These factors can contribute to a well-rounded education."
"The quality of the school district is one of the first things home buyers evaluate before making a purchase. Many buyers filter their search by only looking for homes in a certain district," says Jake Cain, real estate agent, Keller Williams. "Defining what a 'good' school district is varies from one family to the next. While we often think of high test scores, some families may be concerned with their budding athlete playing for a top program and others may place a particular premium on student to teacher ratio."
You don't need to have children to benefit from buying in a top school district.
"A home located in a good school district carries the benefit of maintaining its value in comparison to lower tiered school systems," says Linda Brincks, real estate consultant, The Raines Group. "Even if you do not plan to use the school systems yourself, many buyers (especially relocation buyers) will opt for homes in the top notch school systems when it's time to sell the in the future."