Sunday, January 29, 2017 / by Sandra Watkins
5 Reasons School Ratings Matter When House Shopping
Schools can have a big impact on property value and quality of life. If you're buying a home, here are a few reasons local school ratings matter, even if you don't have kids.
The next buyer will consider the school ratings, too
According to the 2014 National Association of REALTORS Profile of Home Buyers and Sellers, 29 percent of homebuyers listed school quality and 22 percent listed proximity to schools as deciding factors in their home purchase. Another survey conducted by Realtor.com showed that 91 percent of the people surveyed included school district boundaries in their decision-making process. You may be surprised to learn that not all of the shoppers involved in the studies had kids.
More money spent on schools means more money spent on homes
There's a correlation between school expenditures and home values in any given neighborhood, according to the National Bureau of Economic Research. Their report, "Using Market Valuation to Assess Public School Spending," found tha ...
The next buyer will consider the school ratings, too
According to the 2014 National Association of REALTORS Profile of Home Buyers and Sellers, 29 percent of homebuyers listed school quality and 22 percent listed proximity to schools as deciding factors in their home purchase. Another survey conducted by Realtor.com showed that 91 percent of the people surveyed included school district boundaries in their decision-making process. You may be surprised to learn that not all of the shoppers involved in the studies had kids.
More money spent on schools means more money spent on homes
There's a correlation between school expenditures and home values in any given neighborhood, according to the National Bureau of Economic Research. Their report, "Using Market Valuation to Assess Public School Spending," found tha ...