Houses that are located near public schools increases house values and thus attracts most of the families . Not only it it makes you feel safer, but the placement will likely be convenient in the future. You can able to walk your child to the school, instead of sending him on a bus or driving him miles away.
Houses near schools generally makes your property more valuable. In some cases, values may increase when a new school is built in the neighborhood. This makes for a larger profit for homeowners that desire to sell their homes in such areas.
However, there are some variables that can decrease your house value, even when you live next to a school. This occurs when you live next to an older school. Even though the neighborhood might be safe, property values are likely much higher next to newer schools.
Property values depends on the performance of the children.It may also decline if the students of the school do not do well academically. If students score low on tests, then the school may gain a bad reputation. This in turn decreases home values in the regarding area. You can help combat this effect by getting involved in the neighborhood or at your child’s school by pushing for extra funds and programs to help the students.
A school can help you determine where to buy a home, but should not be the sole factor in your decision. Real estate is an investment, but there is no guarantee that your house will increase in value if it is near a school.
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