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The Annette Vance Team - Broker

The Annette Vance Team - Broker
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All homeowners, even those who aren't parents, benefit from living in a good school district

August 26, 2013 - Updated: August 26, 2013

 

You don’t need children to understand that good public schools support the value of homes in their district. And while higher quality schools usually are accompanied by higher property taxes, homeowners in such districts are eventually “paid back” through a higher home sale price.

Getting paid back sounds great, but how much are we talking about? New research from shows that for entry to a desirable school district, 9% of buyers say they would pay 11% to 20% above budget. Separately, 17% report they’d pay extra to be close enough that their kids could walk to and from school.

In the showdown between amenities for adults and education for kids, you guessed it: the kids win. Realtor.com found that 62% of buyers would pass up a home spa if it meant getting into the right school district. 50% would concede easy access to shopping, while 44% would give up space in the form of a bonus room.

If the house you plan to sell is located in a highly coveted school district, do everything in your power to highlight that fact in all of your real estate marketing materials. Many potential buyers are the parents of children currently in the school system, so be sure to get the word out among neighbors and local friends.

If you are buying a home, make use of a search tool that enables you to filter by school district, as district boundaries don’t always align with town, village, and city lines. After all, you cannot assume that your children will be assigned to attend the same school as the kids down the block or even next door.

Source: Better Homes and Gardens

 


Tagged with: new school resale brand new move real estate public schools catholic schools annette vance royal lepage
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GTA Holiday Events 2017

Originally posted on: April 14, 2017
Last updated on: November 29, 2017
Filed under: christmas events holidays
GTA Holiday Events 2017 Courtesy of Annette Vance & Team Brampton Annual Christmas Tree Lighting- Friday, November 17, 2017 6 - ...
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