Well I thought long and hard about it and in the end I pulled a trigger, made an offer on the house and got it!
I really do not think, apart from maybe a little inconvenience with traffic/parking twice a day, that having the day-care on the street will have much bearing. I think of it as gentrification of the neighborhood, but not as a precedence for other businesses on our street as its very quiet.
You can choose your Dog, but you can't choose your Neighbors?
Look at it positively;
They are probably renting,
If the neighborhood NEEDS that service, it would be a positive
If the neighborhood does not need it, it will be gobe soon,
When you sell, it will be a draw for some buyers,
It is a little bit better than a Meth Lab.
But seriously, even if there are defined pick up/drop off times, it doesn't mean all kids will arrive/depart then. There may be brief periods of traffic, but I've found many day cares are pretty fluid about kids' schedules (unless it may be a super-structured school-type environment). Security should be tight with any programs like this, so it's not like you'll see kids roaming about. You may hear a few extra yells now and then from the outside, but I would guess that would be most of it.
It may matter in a slower market, which is a relative thing in many neighborhoods in San Francisco. But not being clear on how the day care works, the size of the street, etc, it is hard to say what impact it might have in the future. With regular drop off and pickup times it would mean more traffic, but in a short burst. All day hours means very little extra traffic, but often a double parked car or two. If it is already a narrow street, that's more of an issue, if it is 4 lanes of traffic, that's another.
Lance is right. You should put a of thought into this purchase. I'm wondering how long the house has been on the market? Perhaps it has already put a crimp on it's desirability if it has sitting on the market for awhile. Also, what does your agent say about the comps? Is it priced lower already in anticipation of the day care being opened? I've had buyers that had no desire to be next to a school and buyers that have bought next to schools. And if the house is perfectfor you that also measures into the equation. It's not a pair of shoes so think about it carefully!
Lorraine Meier-- RealtorÂ®
Zephyr Real Estate
With 20 kids it's hard to say, but I can tell you that traffic jams often occur around schools, especially if they're all being picked up at the same time. If it were me, unless I had a kid I wanted to go there I'd think hard about it. Noise from even 8 kids screaming can be annoying