Whether or not you have children, buying your next home in a good school district makes great financial sense. Not only does living in a good school district preserve the value of your home, but it also means a faster resale, according to Trulia.com. Here are 3 reasons to buy your next home in a good school district, even if you don’t have kids.
Many buyers look for real estate by the school district
According to a recent Trulia survey, Many buyers search for real estate by the school district and say school districts are among the key factors in their home-buying decision. In a recent Trulia survey, “19% of Americans indicated that their dream home is located in a great school district. But among parents of children under 18, the percentage of Americans who want to live in a great school district jumps to 35%.”
Consider the future value of your home
The resale value of a home in a quality school district can really pay off. A home that’s located within a good school district sells faster on average than a home in a lower-quality school district. Also of note, is that during economic downturns, a home in a better-quality school district tends to hold its value more than a home in a lower-quality school district.
No school-age kids?
Keep in mind that you’re going to spend more on a house located within a high-quality school district. As a buyer with school-age children, paying higher property taxes seems acceptable as those funds will go back into your children’s local schools. For buyers without school-age children, this may not feel like the best investment, but remember the value of your property will maintain its stability for years to come.
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