If you don’t currently have, or plan on having, school-aged children, schools might not seem like something you need to pay attention to when shopping for a home. However, regardless of whether or not you have kids, school districts can play an important role in the value of your home. This is how schools can affect the homes around them.
Good Schools Increase Buyer Demand
You might not have kids… but there’s a chance the next person to buy your home does. Good news if you’re in a good school district, bad news if you’re not.
In fact, studies have shown that buyers are willing to pay more for a home in a good school district than a comparable home in a lower-performing district. Some buyers may even be willing to settle for less house as long as the district is good!
Homes in Good School Districts Hold Their Values
Because of the continued importance of good schools to many buyers, homes located near good schools tend to have better values than homes in lesser districts. That is, during good real estate weather, homes appreciate faster, and in times of declining values, home in good districts tend to hold their values.
Good Schools Make Valuable Homes, Which Make Good Communities
A good school district can have a positive effect on its surrounding community as a whole. Good schools drive home values and buyer demand. More buyers means more spending within the community, and higher home values mean higher property taxes—and more money to spend on the community. This creates a cycle of spending and increasing values and overall quality of life.
Erie City Schools Make for Great Real Estate Investment
If you’re thinking of buying a home in Western Pennsylvania, then Erie is a good place to start! Erie’s public schools offer some exceptional academic, athletic, and extracurricular activities, which make them a top choice for buyers looking for a home for sale in a great school district.
Are You Buying a Home in Erie?
If you’re thinking of buying a home in Erie, then it’s time to contact Marsha Marsh Real Estate Services. As your guides to real estate investments throughout Erie County, we’re here to help you explore the area, learn more about investing in Erie real estate, and find the perfect home for sale.