If you have kids, then the reasons for finding a home in a good school district are more or less self-explanatory. But if you don’t have kids, buying in a good district probably isn’t a high priority. In reality, buying a home in a good school district will most likely save you money in the long run.
Wondering why you should a home in a good school district, even if you don’t have kids? Check out these top three reasons why home-buying really is all about location, location, location — especially when it comes to schools.
When you live in a good school district, the whole neighborhood in general will benefit. In fact, according to a recent study by North Carolina State University, good school districts create more job opportunity, save taxpayers millions, and add to property values.
Plus, living in a neighborhood where there’s a good school district also means there’s more to do. Plenty of businesses and amenities will establish themselves and grow in the area as a result of the boosted economy.
Reliable Home Value
Even when the market slows down, living in a good school district more or less guarantees that your home’s value will stay steady. In fact, even in the midst of the economic downturn, owning a home in a good school district will keep your home values way above similar homes in less remarkable districts.
No matter how good or bad the market is doing, living in a good school district is a priority to 78% of buyers. When you’re reselling your home, you can rest easy in knowing that you’ll still be able to make a decent profit on your investment.
Save Money in the Long Run
Since homes in good school districts maintain their resale value, then you’ll likely save money in the long run by buying one. Even if the initial cost is a little more than other homes in other districts, you’ll make all that money back and more when you sell.
Many home-owners who do have kids and aren’t living in a good district choose to send their kids to private or prep schools, costing themselves a hefty sum in tuition. When you live in a school district that’s already renowned, you can set aside that money that you would’ve spent on tuition. Instead, you can put it towards buying a higher quality home or another big-ticket item you’ve been eyeing.
Find Your Perfect Charlotte Area Home
When you invest in a home in a good school district, the benefits will stack up over time. Don’t miss out on your chance to find your dream home in a top-notch district — let the Charlotte Home Links Team help you today.
Any questions? Give us a call today, and let’s get started on your home search!