Determining The Impact Of School Districts When Buying A Home

We are often asked how important school quality is when buying a home. The short answer is that it’s a big driver in price. Of course, all things being equal, one would prefer to buy a house in a good school district rather than a poor school district, however, the differential in price is obvious when you start to look at homes that sit close to school boundaries. It’s important for homebuyers to ask themselves how long they intend to be in the home. We find most buyers have either a 5 to 7 year time frame or a 7 to 10 year time frame. Combine this with the age of current or potential future children, and you should have a good idea of whether you need to be concerned with elementary, middle, or high schools, or none at all!

It is also important to keep in mind whether your resale market is for singles, couples, couples with small children, or families with school age children. For example, if you are buying a two bedroom condo, it’s likely that the resale target market is not going to be very concerned with school district, since most families with school-age children are looking for townhouses, or detached homes. When you start to research schools, be sure to check the county website to verify the school district for your future home. You can’t always rely on the entry from the agent in the MLS, in fact, many agents leave that field blank either because they do not know, do not want to assume the risk, or do not want to make the time.. Sometimes it’s even a strategic decision not to list the school district if the schools are not perceived to be good. You can research school districts at a website such as greatschools.org, or by looking at the County school websites themselves. Overall, the best way to research schools is to visit the school itself and schedule a meeting with the principal or another member of the administration to get the answers you need.

Call us if you’re looking to buy a house in a certain school district. We’d love to help with your search. Or you can search here

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