Good schools make strong real estate investments
Whether you have kids or not, if you're in the market for a new home, you should be considering the quality of local schools.
In a 2018 study by the National Association of Realtors, 25 percent of home buyers ranked the quality of the school district as an important factor when choosing a home.
For those with school-aged children, the benefits are obvious. A quality education can have a long-term effect on a child's future.
But even if you don't have kids, buying into a good school district can make good financial sense. Not only can a better school district help your home keep its value, but when you're ready to leave, you could sell your home more quickly and for a better price.
The old real estate adage about location holds true. While there may be features you can renovate into an existing house later down the road, you'll be stuck with the neighborhood you choose.
Here in Lake Oswego, our schools continue to excel, and our real estate values are stabilized by the strong foundation that a quality education provides. Home values in Lake Oswego are higher and more stable than some of the surrounding communities. It's no secret to us that strong school systems benefit real estate values. That's why we are committed to investing in our local school system and in our community.
201 B Avenue, Suite 101
Downtown Lake Oswego