Ali Alizadeh Broker
RE/MAX WEST REALTY INC., Brokerage Independently owned and operated
Office: 905-731-3948Mobile: 4163574040Toll Free: 1-800-544-9477

Schools matter to Buyers

February 29, 2016 - Updated: February 29, 2016

Schools matter to Buyers

 

It’s axiomatic in the real estate industry that homes in good school districts are more desirable and fetch higher prices than similar homes in lower-tiered school districts. Indeed, buyers are willing to sacrifice or compromise on many attributes and amenities to own a property in a good school district.

 

Yes it does matter

 

More than 90 percent of respondents said school district boundaries were important in their search for a new home.  There are few other reasons derived from research.

  • One out of three said they would downsize to a smaller home if the schools were better.
  • Ten percent would pay up to 20 percent over budget based on school quality.
  • Twenty percent of respondents said they would pay 6-10 percent above their budget for a better school district.
  • One out of five stated that they would give up a bedroom or a garage to live in a better school district.

 

Sound investments:

 

 

The buying process should definitely include an analysis of the school district, whether you have kids or not. In addition to providing educational advantages, buying a home in a good school district is a sound financial investment. For families, buying into a good school district can save the cost of private school tuition. But for empty-nesters, homes in top school districts tend to hold their re-sale value through market fluctuations, and school excellence is often a good indicator of community safety, stability, and overall quality.  Interestingly, some people without children would prefer not to live near a school but, of course, will.

 


Tagged with: schools realtors real estate buyers near by school
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Ali Alizadeh Broker
RE/MAX WEST REALTY INC., Brokerage Independently owned and operated
1118 Centre Street
Thorn Hill, Ontario   L4J 7R9

Toll-Free: 1-800-544-9477Phone: 905-731-3948Mobile: 4163574040Fax: 905-731-4074
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