Market Conditions in Akron>Question Details

Greg, Home Buyer in Akron, OH

Resale of high-end homes in Fairlawn

Asked by Greg, Akron, OH Thu Feb 19, 2009

We're probably moving to Akron, looking in the $500k to $800k range. Prefer mature neighborhoods like Fairlawn but worry about resale value in Akron school district. Might be a three-year stay, so is Hudson a better option because homes tend to turn over easily there?

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Greg,
Hudson, Jackson, Revere, Lake and North Canton are excellent school systems. Copley, Highland and Green a very good systems and of course there is the option of private. Each of this school systems have developments that would meet your pricing critera. Shop around and see which meet you commute, purchase price and resale needs
1 vote Thank Flag Link Tue Mar 31, 2009
you could also go further into fairlawn and you would be in the copley/fairlawn school system instead of akron. it has a good school system also
1 vote Thank Flag Link Thu Feb 19, 2009
the taxes are high in akron, and the school system is poor.
hudson has one of the best school ratings in the state.
if you are going to spend that kind of money you are better off in the suburbs.
green is also a nice community with a good school system. it is in stark and summit counties both.
1 vote Thank Flag Link Thu Feb 19, 2009
Hi Greg,

Have you considered Richfield? It's just a few minutes from Fairlawn, has a school system that's among the highest rated in the state, and there are outstanding values to be had in the price range you've mentioned. It's a win-win all the way around. Richfield lots tend to be larger—at least an acre or more. It's a smaller community but offers convenient access to the turnpike, I-271, I-77, and I-71.

I'm a Richfield resident and can provide you with more information about the community if you're interested. You can start your search by checking out my website, which is listed below.

Best regards,
Beth Newcomb
0 votes Thank Flag Link Sun Apr 11, 2010
Greg, you are correct that school systems make a huge difference. I can provide you average market times to let you decide what areas are of most interest. In general, newer homes retain their saleability better - let's call it shorter market times - than older homes that may not attract buyers as well due to their having potentially higher costs of ownership - maybe necessary repairs and/or updating. All of the areas that have been recommended to you have viability, and I would also suggest considering Jackson Township in Stark County, which is 15 -18 minutes from downtown Akron but has lower property taxes and top rankings in schools; you may get more home for your money there, as the community is a younger, bedroom community to Akron with lower costs of home ownership than Summit County or Medina County. In general, unless you get a fabulous deal on a home needing work, if you will be here only 3 years, it is improbable that most upgrades you make will pay for themselves in resale, so buying a home in move-in condition is probably best. I offer a 25% commission rebate to buyers who choose to work with me as their agent; this should be a $2500 - $8000 discount direct to you at closing, plus most of my buyers save $300-$800 on settlement fees when they use my recommended title company for closing. Good luck! Thanks - Don French
Web Reference: http://www.soldbydon.com
0 votes Thank Flag Link Thu Feb 19, 2009
Areas to check out: Bath, Richfield, Peninsula, Boston Twp., Hudson, Granger & Sharon Twp.

Good luck,

Art Hotes
RE/MAX Classic ~ Serving Northeastern Ohio
Web Reference: http://ArtHotes.com
0 votes Thank Flag Link Thu Feb 19, 2009
Greg I think you answered your own ? alway think resale.

Regards;

tjroberts@remax.net
(Licensed in the state of Ohio.)
Web Reference: http://tjroberts.remax.com
0 votes Thank Flag Link Thu Feb 19, 2009
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