Potential homebuyers typically have a list of criteria that they are looking for in a house. Open floor plan, updated kitchen, four bedrooms, three bathrooms and a large backyard. Regardless of whether or not you have kids, there is one important detail missing from this list. Even if children are not in your near or immediate future, there are great benefits to buying a home located in a good school district.
Parents want their children to go to the best schools possible. If they plan on sending their kids to public school, then buying a home in a good school district will rise to the top of their list. The research actually shows that 35% of individuals in the United States with children under the age of 18 want to live in a great school district. Take this fact into consideration when purchasing your own home. Just the location itself can make your house significantly more appealing to certain buyers if you ever decide to sell your home.
Another perk of owning a home in a good school district is that this feature can help preserve the value of your house. As long as the quality of the schools remains the same or maybe even improves over the years, parents will still want to live in the area to give their children the best opportunity. Additionally, being in a desirable school district can also help you sell it much quicker whenever the time comes.
It is important to note that being located within a great school district also comes with a cost. Homeowners living in the better school districts throughout the country typically pay higher property taxes than their neighbors. If you do not have kids, this may seem like a steep price to pay. If you do have kids, the increased property taxes are probably much cheaper than sending your children to private school, so you are still coming out on top.
There are many things that prospective buyers are looking for as they hunt for a new house. So just remember that owning a home in a good school district can give you that little edge you need to sell your house ahead of the local competition.