In my new eBook Buying a House – Using Apps, Maps and Location Based services, the topic of schools comes up quite often. For families, proximity to the school you want your children to attend is important for many reasons. Even if you don’t have kids, the quality of schools in the neighborhood will have an effect on current and future property value.
- School Zones. In some cases you can’t send your kids to a certain school unless you live in the school zone. If it is a top school this elevates values significantly, your house can be on the wrong side of the street and your kids miss out.
- School Performance. Schools change. Pivotal staff members leave and the dynamic changes. It can be as simple as whether the sports teams are doing well, or it can be academic record. In this blog from Century 21 in Tallahassee, they have graphed property values in terms of price per square foot based on middle school zones in the area over the last 10 years. On their web site you can search for houses based on school zone. In a previous blog I curated information about the release of school grades in Utah. In my eBook, there is a link to a site which includes US school Accountability Reports including Demographics, Dropout and Graduation Rates.
- School Transport is an issue in making schools accessible, particularly when it comes to participation in after school activities such as music, drama and sport. If you are picking your children up on the way to or from work, you might also consider whether you are going in the same direction.
- Childhood friendships. If you live close to a school, it is easier for children to develop those important friendships and relationships that continue from the classroom. Some of those friendships endure for the rest of our lives.
- Choosing a school, as Ronald Koetzsch (author and teacher with degrees from Princeton and Harvard) says, is one of the most important decisions parents make. It will help shape the child’s personality, view of life, behavior, and destiny as an adult.
It’s little wonder that school zones impact on house values. We want the best for our children, right? If you don’t have children, school performance is something you might not otherwise have thought of when shopping for your new home. It will impact on its current and future value and is still worth researching.