How Important are Schools?

Home buyers spend a lot of time studying properties online, attending open houses, and touring homes with their favorite real estate agent. They’re determined to find the combination of bedrooms, baths, square footage, and granite counter tops that meet their vision of the perfect home.

Often this kind of focus can cause home buyers to suffer from a case of tunnel vision. They become entirely too focused on the physical attributes of the house and think little about having to sell the same property.

Given that most homeowners only stay in a home six to nine years, considering your home sale up front is not all that far fetched. Research shows that schools are close to the top when it comes to a list of what’s most important to many buyers.

Schools_home_Value_blogSchools have a Big Impact on the Value of a Home

According to the 2014 National Association of REALTORS® Profile of Home Buyers and Sellers, 29% of home buyers listed school quality and 22% listed proximity to schools as deciding factors in their home purchase.

That means that 1 out of 3 buyers makes their final decision based on school quality. That’s pretty important if you ask us. Homes serviced by a top-ranking school will often demand a premium when compared to other homes outside the district. As a homeowner, you should always be aware of how the schools in your area are doing. Not unlike being aware of your roof’s condition, the condition of your neighborhood schools can and will affect the value of your home in the future.

Use Home Search Tools that Make it Easy

It’s not uncommon for buyers to conduct their entire home search based on a specific school district, without compromise. That is why at beverly-hanks.com we make it easy to research schools. On every property’s detail page, you’ll find links to the elementary, middle, and high schools associated with that property’s district. We also link to reviews of the schools from GreatSchools.org so you can make the best informed decision for your investment.

school-search

All real estate is local. In order to make confident real estate decisions, we believe it important for you to have timely and neighborhood-specific information. Contact us today to speak with a Beverly-Hanks real estate agent about buying homes and land in WNC.

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