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How important are schools when you purchase property?

Location is always a major factor to consider when you're prospecting for homes, especially the proximity of the dwelling to the workplace, food shops and other conveniences. If you have young children or are planning to start a family, the distance between your house and the school district is an important factor to consider.


Location is always a major factor to consider when you're prospecting for homes, especially the proximity of the dwelling to the workplace, food shops and other conveniences. If you have young children or are planning to start a family, the distance between your house and the school district is an important factor to consider. While you want the best for your children, you may be wondering if school proximity is really that important when you're buying a home - and if you don't have children, should schools still be taken into consideration? Let's take a deeper look.

The benefits of moving to a good school district

The benefits of living close to schools are numerous – not only for lifestyle quality but also ensuring that your property gains in value over time instead of decreasing. If you're not convinced that school districts matter when you're looking at homes, consider these benefits:

  • Choosing to live in a good school district will save you the money that you'd spend on transporting the children to school.
  • Home values usually remain steady or increase over time in good school districts.
  • If you are considering having children in the future, moving to a good school district now lets you get settled in before starting a family rather than causing disruption further down the line.

How to evaluate a school district

There are plenty of websites out there that rate schools, but how do you really know that the school district you are considering will be the right one for your children? One way is by reading websites that use reviews from other parents to calculate a score. Numerical and statistical reviews only give you part of the picture though – also look for websites that include written reviews in order to get a better idea of the reasons behind numerical ratings.

Another way to determine whether a school really has what it takes to enrich your child is by asking friends and family members for recommendations. If you are considering a school that your friends and family members are unfamiliar with, you can ask whether anyone knows someone whom has had a positive or negative experience within the district. Candid reviews from people you know and trust can be the best evaluation method when you're looking at school quality.

Don't have kids? School districts still matter

Just because you don't have children who are school age or are not planning to have children at all, doesn't mean you should completely disregard school districts when you're searching for a home. Homes that are located in desirable school districts tend to be consistently more valuable than properties in less desirable districts. It'll be easier to sell your home if you decide to move in the future, and your property value will remain more stable if you choose a location with good schools.

Schools matter when you're buying a home. Home buyers and property investors both have substantial gains to reap when they opt for properties that are located in desirable school districts.

To get more information and advice on making the best property choices, talk to an expert at Mortgage Choice today.

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