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Why Consider Schools When You Buy a Home?
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Schools are one factor that helps to determine a good location.
In a declining market, a neighborhood with good schools can help to ensure property values.
Even if you do not have or don’t intend on having children who will attend schools in the district, there are plenty of reasons to consider purchasing a home in a neighborhood with outstanding schools.
Let’s take a look at the top three reasons to buy a home in a good school district
Why Consider Schools When You Buy a Home?
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Homes in good school district are sought after -
Nearly every home buyer with school aged children seeks a home in a goodschool district, which ups property values.
Good schools are a key factor in establishing a good location, which is king inreal estate.
Good schools help to ensure the consistent demand for homes in the schooldistrict.
Good School Districts Help to Protect Property Value-
In a good school district, property values are less likely to decline should themarket decline.
Why Consider Schools When You Buy a Home?
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According to the National Association of Realtor, 44 percent of families who anticipate buying a home in the next two years would be willing to go over their bidding price by as much as 10 percent to purchase a home in their preferred school district.
Good Schools are good for Resale Value
While no one can accurately predict the future, a good school district does help to ensure better property appreciation, as well as a more stable market.
When you purchase your home, think of the attributes that will help to ensure its resale value should the market decline.
A good school district is one attribute that will help your home maintain its property value.
Why Consider Schools When You Buy a Home?
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School districts should be considered when buying a home, even if you don’t have school aged children or intend to have school aged children.
The reasoning is simple; a good school district means a better neighborhood and better property values, as well as less risk of a fall in property value in a declining market.
This isn’t to say shop for schools, the home needs to meet your criteria in a home, but it is to say be on the lookout for the right home in a neighborhood with great schools, which will help to ensure a good location and a safer purchase in a new home.
Why Consider Schools When You Buy a Home?
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