If you’re buying a house, you probably know that many different things can impact the value of a home. And the value of the house ultimately impacts how much you buy it for—and sell it for down the road.
And one thing that can impact the value of a home is the school district the property is located in. Even if you don’t have kids, you should pay attention to the school district. Because whether you end up using the schools or not, they can impact your home’s value!
A good school district with highly rated schools nearby is a major draw for many buyers, which can add to your home’s resale value. That can translate to more cash in your pocket when you sell your home in the future. In fact, one study found that homes in high-rated school districts sold for $50 more per square foot compared to similar homes in lower-rated school districts. That’s a huge increase in value!
So when you’re looking at properties, don’t forget to take a look at the surrounding schools while you’re shopping. Your real estate agent will be able to give you some facts on the neighbourhood, but websites like Niche.com or SchoolDigger.com and your state’s Department of Education can help you see how the schools in the area perform.
That being said, the school district isn’t the end-all-be-all when it comes to choosing a house. You should focus more on how the property itself will fit into your lifestyle and whether it meets your needs.
But school districts are something to consider as they do impact resale values. And if you’re trying to decide between two similar properties, the school districts might be a deciding factor. If you’re looking for a house that fits your needs and retains its resale value, I’ll help you find the perfect house for your goals.