School Districts and Your New Homes Community

There are many factors to consider when you decide to purchase or build a home, including future property value.

The safety of the area, the overall layout of the home, proximity to work, and if you have children, top of your list probably includes the quality of the local school district. If the school district is high on your list, you’re not alone. In fact, a 2017 study by the National Association of Realtors (NAR) found 26 percent of home buyers considered the quality of schools when looking for a new home.

As parents, we want the best for our children, and when making home buying decisions, it’s important to consider where we want our kids to go to school. Utilizing online data about test results, school district rankings, teacher portfolios, and more can help aid you in the process.

A report by the National Bureau of Economic Research, “Using Market Valuation to Assess Public School Spending,” found that for every dollar spent on public schools in a community, home values increased by $20. While it may not seem like much, this solidifies the notion that property values are higher in better school districts.

High demand in neighborhoods and towns located in the best school districts helps drive home prices up. Properties in these areas have higher value than similar types of properties located in other neighborhoods. Even if you don’t have children, when it comes to purchasing a home, these are numbers you shouldn’t ignore. Purchasing a home in a good school district means that your home value will likely maintain or increase over time.

At Comerio Homes, we know that quality school districts are of the utmost importance, which is why we build homes in many of the best school districts, including Blue Valley School District and the Olathe Unified School District.