Buying a home in a good school district makes sense.
For the most part, buying a home in a good school district
does matter and not just for your children. Even if the
buyer doesn't have children, the resale value is higher in
good school districts. When the market is down, homes
in higher quality school districts usually hold their
value better and they tend to sell faster. 35% of Americans with children under 18 want to live in a neighborhood with a higher quality school district, according to a recent Trulia
survey. A large number of buyers shop for real estate
by school district.
Most people would prefer to pay more for a house that
doesn't quite meet their definition of dream house in a high quality school district than get a fabulous house in district with poor schools. These are your children after all, you want a great education for them and do they really need that dumbwaiter in their bedroom?
On the down side, homes in better districts are more
expensive. Property taxes are higher and that money is routed right back to the schools. Not so good if you
don't have children attending those schools.
Buying a new home in an excellent school district will
pay off with higher resale values, more stable, higher
prices and quicker sales. All important factors, even for
those without children.
JOHN L. SCOTT MARKET CENTER REAL ESTATE
1936 PACIFIC AVENUE
FOREST GROVE, OR 97116