How Important is School District When Buying a Home?

Perhaps you think that looking at school districts when buying a new home isn’t that important. I mean, how bad can a school really be, right? Or maybe you don’t even have kids and aren’t planning on it for a long time. Or maybe you never really want kids. I could go on, and on about this. But here’s something you should consider; education is the most important tool a child will ever receive.  And even if you don’t ‘plan’ on having kids right now doesn’t mean anything. The unexpected can always occur. This is just a minor part of the importance school districts play in the lives of people who are buying a new home. Don’t overlook the importance of a good school district, even if the perfect house is in one that’s not all that great. Here are a few reasons why it’s important to look at schools before buying a house.

Resale

One thing most people don’t consider when purchasing a new home is the value of the resale. Studies prove that homes in better school districts tend to sell for more than those in neighborhoods with less impressive school districts. For example, if your child is in a good district, more people want their kids to go to school there. This means that their families are going to look for homes here. If your child goes to a school that’s not all that impressive, people will not want to buy here because they want their kids to go to better schools. So even if you don’t have kids, if you live in a large home in a very family-friendly neighborhood, you might want to check out the school districts to make sure that you’re doing everything you can to get top dollar when it comes to selling your home. According to realtor.com, many buyers in certain areas of the country are willing to make sacrifices to own homes in neighborhoods with great schools. For example, if you are buying a smaller home or something that might not be as appealing to families when it’s time to sell, consider just how much you can increase your chances of selling if you do take the time to ensure your kids are getting the best education. Studies show that many families will sacrifice square footage, garages and even bedrooms for a place in a good school district. This is something to keep in mind.

Higher Property Taxes

If you don’t have kids or your kids are grown up and moved out of the house, you might consider the affordability of living in a good school district. Good schools tend to have more funding and most of that is from higher tax rates. This means you might pay more in property taxes to live in an area where you will have great school districts that never have any importance to you.

Your Kids

If you have kids, it’s obviously important to check out the schools in the area. Better schools in better districts can offer your kids a lot more than other schools across the board. This typically means your kids will have a smaller teacher/student ratio, smaller classes, more one-on-one instruction, higher test scores, better extracurricular activities, better sports and more funding. This means your kids will achieve an overall better education. Since there is nothing more important than the education your child receives, this is pretty important stuff to consider. We recommend always considering the quality of the school system before setteling on a town to purchase a new home.

Better Neighborhoods

Considering school districts when buying a home is a good idea because it can attest to the quality of the neighborhood. Typically, the better the schools, the better the neighborhoods. This means you’ll have less crime and violence, fewer neighborhoods you wouldn’t want your kids spending time in and fewer families that raise your suspicions as being good families to deal with. This is so important to many families, yet another reason to consider the district.

Finally, you will be pretty easily assured that your kids will live in a neighborhood with other kids if you live near a good school. Since these don’t typically attract older buyers or those without families, you’ll find that these are the neighborhoods in which more people with kids want to raise their families. So as you can see a good school is not just something to consider if you have kids in school, there are many important reasons.

Quick Guide To Our Local Top Rated Schools:

Chatham Nr. 1

Millburn/ Short Hills Nr. 4

Livingston Nr. 6

Westfield Nr. 8

New Providence Nr. 16

Summit Nr. 18

Berkeley Heights Nr. 19

If you have any additional questions regarding the schools in our area and their ratings, or if you have any questions regarding buying or selling your home, please call us at 201-341-9195, we can help!

Pamela & Lawrence

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