How School Districts Factor Into Home Buying

Posted by Shawn Kriewaldt. on Thursday, August 30th, 2018 at 1:35pm.

School districts often play a big role in determining home values in certain areas, which means homebuyers need to do their research about this topic before buying.

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When you're buying a house, you should always make an educated decision (no pun intended).

School districts play an extremely important role in your home's future value. We're fortunate here in Dane County because we have a lot of great schools. That being said, there are some school districts people commonly choose over others.

One good example is the city of Fitchburg, where similar neighborhoods have people who send their children to different schools. One area’s residents might send their kids to West Madison High School, while another nearby area might send their kids to Verona High School. The home values can be pretty different between those two areas.

Even if you don’t personally have school-aged children or it’s not necessarily important to you where your kids go to school, it could be an important point to your home’s next buyer. Being in proximity to a great school district tends to maintain or even increase a home’s value over time.

What this means is that you need to research the local school districts in the area you’re considering buying a home in. Here are some excellent resources clients of mine have found helpful in this regard:

 

Each of these helpful websites offer current statistics on class size, student-to-teacher ratios, and test scores. These statistics don’t always tell the whole story, though, so you should also look at a school district’s sports and arts programs by visiting their individual websites. Message boards and Facebook groups are also a great source of information, and there are plenty of parent and student reviews you can find online.

 

It’s important to be an educated home shopper and do your research on school districts.

 

Since online information can only tell you so much, it wouldn't hurt to try reaching out to each school districts’ PTA.

If you’d like more information on resources that can help you research school districts or you have any other questions about this topic, don’t hesitate to give me a call or send me an email. I’d love to help you.

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