5 Reasons School Ratings Matter When House Shopping

Dated: 02/22/2017

Views: 118

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

Selling Or Buying A Home During Covid19

Many people are in a position where they need housing. If you find yourself needing to sell a home or buy a home in today’s Coronavirus environment, here are some guidelines and best practices.

Read More

Home Warranties What You Should Know

Sellers are starting to offer a one-year home warranty to cover repair costs for items such as Roof, HVAC, plumbing, appliances, pools, etc. The tactic, which is gaining popularity, is meant to

Read More

Covina Home Coming Soon

4008 N Orange Ave, Covina$450,0002 Bedrooms1 bathroom809 sq ft5,165 sq ft Lot1950 Yeart BuiltFor more info contact:Raul AcuñaAcuña & Co. Real Estate626-374-8479raul@acunaandco.comCA BRE

Read More

New Condo Rules Will Open More Doors For Buyers

NAR: New Condo Rules Will Open More Doors for BuyersThe association says changes to FHA financing qualifications will bring more entry-level homes to the market, helping to meet buyer demand.The

Read More