5 Reasons School Ratings Matter When House Shopping

Dated: 02/22/2017

Views: 94

5 Reasons School Ratings Matter When House Shopping

Image result for 5 Reasons School Ratings Matter When House Shopping


Schools can have a big impact on property value and quality of life. If you're buying a home, here are a few reasons local school ratings matter, even if you don't have kids. 


1. The next buyer will consider the school ratings, too



According to the 2014 National Association of REALTORS Profile of Home Buyers and Sellers, 29 percent of homebuyers listed school quality and 22 percent listed proximity to schools as deciding factors in their home purchase. Another survey conducted by Realtor.com showed that 91 percent of the people surveyed included school district boundaries in their decision-making process. You may be surprised to learn that not all of the shoppers involved in the studies had kids.


2. More money spent on schools means more money spent on homes


There's a correlation between school expenditures and home values in any given neighborhood, according to the National Bureau of Economic Research. Their report, "Using Market Valuation to Assess Public School Spending," found that for every dollar spent on public schools in a community, home values increased $20.


3. Higher school ratings equal higher home values


A Brookings Institution study looked at the 100 largest metro areas in the country and found an average difference of $205,000 in home prices between houses near high-performing and low-performing schools.


4. And good school ratings help homes maintain value


While changes in the economic landscape and local area can ripple across the market, a great school district can sometimes help insulate a home from market fluctuations.


5. Great school districts usually mean great neighborhoods


Often there's a correlation between super school districts and safer neighborhoods, better shopping and transportation and great public amenities – like parks. All of these factors increase the desirability of the neighborhood, which translates to higher home values and a better deal for you when it's time to sell.



A great real estate agent will be able to provide insight on the schools in the neighborhoods where you're looking to buy. Find one to work with here.


Source: http://blog.remax.com/5-reasons-school-ratings-matter-when-house-shopping-2019642722.html



http://rem.ax/2h4e7EU
#RaulAcunaRealtor
 #RealEstate #TeamRaulAcuna #RemaxTime#RemaxBlog #HomeBuyers #SchoolRatings


Blog author image

Raul Acuna - CA BRE #01708572

Raul Acuña - Raul has been in the Real Estate Industry since 2005. Raul began working at an REO brokerage before opening his own REO company in 2010. Raul has a business degree from Cal Poly Pomona, ....

Want to Advertise on this Site?

Latest Blog Posts

Thinking Of Selling Your Home Why You Need A Pro In Your Corner

With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.Real estate

Read More

Coming Soon

Coming Soon!! Horsethief CanyonComing soon to the Horsethief Canyon area. This lovely 3 Bed, 2 bath, home with 1,312 sq ft of living space, on a 8,276 sq ft lot. Will be hitting the market by

Read More

4 Reasons To Sell This Spring

Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing

Read More

The Number 1 Reason To Sell Now Before Spring

The #1 Reason to Sell Now Before SpringThe price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of

Read More