HomeAnn ArborHow School Quality Impacts Home Shopping How School Quality Impacts Home Shopping The best way to find a great home is to check where the great school districts are. Schools establish whether an area is a good location to buy a home. Looking to buy a home? Search all homes Looking to sell a home? Get a FREE Home Value Report When buying a house, you should always make an educated decision. But did you know that education has a direct impact on housing values? Even if you don’t have school-aged children, or if you don’t plan to have children, buying a home in a good school district is still a smart decision. More than any other factor, the quality of a school district establishes whether a location is a good area to buy. Studies have shown that homes in more desirable school districts hold their value better over time. In fact, even in the face of a recession, good schools help homes in a district retain value longer, as well as rebound faster when the market makes an upturn. Of course, you will pay more for a home in an excellent school district, but when balanced against the better appreciation rate and resale value, it’s an investment that’s more likely to pay off over time. Additionally, studies have shown that when communities invest in an educational millage, property values rise in correlation with the spending on schools. So buying in an area that values their school district can have an ongoing positive impact on your home value, even if you aren’t sending kids off to school each day. “Studies have shown that homes in more desirable school districts hold their value better over time.” When considering where to buy a home, make sure you educate yourself. Fortunately, the internet makes it easy to find what you need. Sites like Education.com, SchoolGrades.org, and GreatSchools.net offer current statistics on school districts across the nation. While you will find test scores, grades, teacher-to-student ratios and demographics, they don’t always tell that whole story. Be sure to also look at a district’s commitment to other areas, such as sports, the Arts and music, and extra-curricular activities. Those are all signs of a community that values and supports their school district. But statistics can only tell you so much. See what people have to say directly about their schools. Read parent and student reviews and check sites like CityData.comto get insights from locals. Visit local discussion boards or Facebook groups to get a feel for the neighborhood and town, or try to contact a local PTA member. Parenting websites are another good resource, as are local new articles. Buying a home is one of the most important purchases you will make. So do your homework and be an educated shopper. Written by Kathy Toth on March 29, 2018. Posted in Ann Arbor, UncategorizedTags: School Quality Trackback from your site. Leave a Reply Click here to cancel reply. Name (required) Email (required) Website Comment Submit Comment About our blog Follow our YouTube Channel and +1 us on Google Plus! CategoriesCategories Select Category Additional Resources Ann Arbor Ann Arbor Area Real Estate Ann Arbor Real Estate Buyer Tools Chelsea Coming Soon Collection Community Spotlight Company Info Dexter Community Dexter Real Estate Home Buying Home Owning Home Selling Home Value Information Insurance Insurance Tips Join Our Team Market Updates Market Updates Neighborhoods New Website Features Open Houses Parks Real Estate School Information Schools Scio Township Seller Tools Technology Things to Do Uncategorized Archives Archives Select Month December 2019 November 2019 October 2019 September 2019 July 2019 May 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 August 2018 July 2018 May 2018 April 2018 March 2018 January 2018 November 2017 October 2017 June 2017 April 2017 March 2017 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 January 2016 December 2015 November 2015 October 2015 September 2015 August 2015 July 2015 June 2015 May 2015 April 2015 March 2015 February 2015 January 2015 December 2014 November 2014 October 2014 September 2014 August 2014 July 2014 June 2014 May 2014 April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 Contact Us Now First Name Last Name Email Address Phone Number Message Any questions, comments, or feedback Submit Now!