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Trulia Denver, Home Buyer in Denver, CO

How often do school districts affect the home purchase decision?

Asked by Trulia Denver, Denver, CO Thu Apr 11, 2013

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Buyers with Children often target school districts with good ratings. They value education, and want heir children to be enrolled in schools they feel comfortable with. I sometimes even have buyers without children who are concerned with the school district as they think the appreciation will be higher in a certain school district. over another. You pay for it in 2 ways, usually a higher sales price and also higher property taxes. It is always best to check the school ratings to see how a school performs to help make your decision.
0 votes Thank Flag Link Tue Apr 30, 2013
In Douglas County school districts are very important particularly when the client has children that are possibly in middle school and in high school at the same time. Middle school kids are on a "track" system (4 different vacation schedules) whereas the high school is on the more traditional schedule. You will want to check with the schools to see if there exists the capability to put all of the kids on the same schedule so if both parents are working and they wish to plan a vacation they will be able to make it work.

But of course the overriding concerns of most parents will be the rating of the schools.

Margaret Papp, Broker
Terra Properties, LLC
303-835-9738
Lone Tree, CO
0 votes Thank Flag Link Wed Apr 17, 2013
Trulia Denver,

School districts and the school ratings often affect the decision. Families want the best rated schools for their children in the best communities that they can afford. Others purchase homes in the best school districts to capitalize on return on investment when it comes to a future sale of their home. If it does not matter to a buyer, a home that is not in the best rated school districts could be a better deal for them. I have seen instances where one side of the street is a prime school district and the other side of the street is outside of the district. The same home could be considerably less on the 'other' side of the street.

Robert McGuire ASR
Realtor/Consultant
Your Castle Real Estate
http://rmcguire.yourcastle.org/
0 votes Thank Flag Link Fri Apr 12, 2013
Good question...currently I'm working with two different buyers and they only want to look in certain elementary schools as there children are currently in the school system. One is the city and the other is in Highlands Ranch. So it depends upon the families needs...

Good schools usually helps the value of the home as well!

Bill Pearson GRI, SRES |"Your Denver Realtor For Life"
ERA Herman Group Real Estate| 201 Columbine Street| Suite 301| Denver CO 80206
720-329-1470 |Bill@DenverRealtorForLife.com
5280 Magazine FIVE STAR Real Estate Professional – 2010, 2011, 2012
0 votes Thank Flag Link Fri Apr 12, 2013
We always tell families with children of school age to check out the ratings of the schools but there are a multitude of other factors to consider there is no definitive answer to your question, sorry.
0 votes Thank Flag Link Fri Apr 12, 2013
School districts (and individual local schools) are one of many factors for home buyers to consider. Of course, the relative importance of any factor will vary depending on the buyer. For some, school districts won't matter much, for others they may be the defining issue. That being said, a good school district and strong local schools are generally considered as pluses, and all other things being equal, such homes will probably sell for a premium. This may also be a factor in projecting resale opportunities.

The flip side is that if it's not especially important to you, you may find a better value in terms of square footage, amenities etc in areas where that premium doesn't apply.
0 votes Thank Flag Link Fri Apr 12, 2013
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