The Importance of a School District When Buying a House

How important is the school district when buying a home? The answer might be determined on your own current situation. Do you have children, are you single and just buying your first home, or are you an empty nester?

Whatever your situation might be, it is important to realize the school district where your new house is located might have a measurable impact.

While many factors influence buying a home like price, size, and amenities, the school quality and location are influential factors. According to the 2014 National Association of realtors Profile of Home Buyers and Sellers, 29% of home buyers listed the school quality as a deciding factor, and 22% listed the proximity to the school as deciding factor when buying a home.

Here are 3 Tips to help you when deciding about school districts when buying a home.

  1. Research the School District

Whether you have children or not, you will want to research the school district you are moving into. Living in a community that has good schools means a few things for you as a home owner: good schools translate into good neighborhoods, home value stability, higher resale price, and a great educational experience.

Researching the school district or school can be done in a few ways. Many online sites will have the school’s ranking listed. In fact, you can even search by school district if you are hoping to buy in a specific district.

  1. Understand School Ratings

Each school is given a national rating on a scale of 1 -10 with 10 being the highest. While understanding exactly how each school is given this score is somewhat complex, it is determined by diversity, scores on standardized test, and graduation percentage to name a few. If you are interested in moving into an area that has a school district or school with a low number, it is important to ask around, talk with school officials, and get an understanding of what might be impacting that score.

It is also important to realize the score alone can be limiting and can fluctuate from year to year. For example, a family bought a house in a school district that had a perceived lower school district score. However, they knew the community well. They knew that the middle school had hired a new principal that was amazing. They felt confident that although the school was ranked low, it would raise in the future. With no need to move out of the district, they felt it was worth waiting it out. In the end, the school went from a score of 6 to a score of 8 with a few changes. This increase in score will not only boost the value of their home, it will influence the ability for the house to sell quickly, and the owners feel great about the community they live in.

  1. Use the Help of a Realtor

When you are buying a house, creating a “must have” list will help your realtor to make sure they are showing you the right homes to help your search. A good realtor should know the ins and outs to the community you are moving into. They can help give you more details about parts of the community that you might not be able to research on your own.

Make the Best Decision for You

Your own situation will determine how important the school system is for you. Knowing that having a good school system can greatly impact the neighborhood and community that you live in, will help you make a great choice. Researching the school district, understanding the school ratings, and getting an experienced and educated realtor to assist you in your home buying process will help you make best decision for you and your family.

If you are interested in moving to the Novi, Northville, and South Lyon, Michigan areas and are curious to know more about the school districts, we would love to talk with you. Please feel free to give us a call.