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Carl and Arda Clark
 

Carl

(310) 963-4788
carl@carlandarda.com
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    1716 South Catalina Avenue
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    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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    The Impact Of School Systems On Home Values

    The Impact Of School Systems On Home Values

    Published 04/06/2024 | Posted by Arda Clark

    For obvious reasons, prospective homebuyers who are expecting to have children, or already have them, might want to move to an area with a highly rated school system. What might not be so obvious is that there are benefits to this even if you aren’t directly impacted by what schools are nearby. Schools affect more than just students; they are a major driving factor in home values.

    Neighborhoods with good schools are more desirable, and therefore have higher home values. And because schools don’t typically vanish unless they’re heavily underfunded — which the good schools tend not to be — this is a relatively stable factor in prices. That means homes in these neighborhoods are solid investments, even if you can’t take advantage of the good education.

    Conversely, if the school system is not very good, you may think you’re getting a bargain deal with low prices. Unfortunately, your home value probably also isn’t going to go up very much. However, if you are following the trends, you may be able to take advantage of rapidly improving school systems. Maybe prices aren’t high yet, but will be as the schools continue to grow.

    Photo by Taylor Flowe on Unsplash

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