Everyone loves the benefits of good schools and Castro Valley is certainly an oasis of good schools in the middle of other school districts that are not ranked as high. Itâ€™s been one of the reasons Castro Valley homes have held their value above neighboring communities. Given a choice of where to live, many choose Castro Valley for the schools. Others, wanting to live there for the same reason, unfortunately canâ€™t afford the higher prices generated by, in no small part, to the quality of the schools.
Although â€˜everyoneâ€™ wants to be in a great school district, not everyone wants to live right beside the school. Or across the street. Or directly behind it, for that matter.
Noise, traffic and roving kids are the three main detractors of homes close to schools.
1. Children certainly create noise. No getting around it. When they are out in the playgrounds, noise abounds. School bells go off numerous times every day. In addition, noise is created by the various sports clubs using the fields over the weekends.
2. These days, kids no longer walk to school â€“ they are dropped off and picked up by parents, causing long lines of traffic before and after school. This can provide tremendous access problems at these times of the day.
3. Roving kids have been known to provide high levels of trash in yards and, from time to time property damage.
To specifically answer your question, I donâ€™t believe being next to a school, enhances the value of your home. Regardless of the quality of the school. There are families who love the idea of their kids walking to school, and in those cases, your homeâ€™s location would be viewed as an asset. However, having sold a number of homes very close to schools, Iâ€™ve heard the buyers repeatedly comment on the three concerns shown above.
As has been pointed out, with proper Preparation, Promotion and Pricing (the 3 critical â€˜Pâ€™s), your home will definitely sell â€“ however, it will be the 3 Ps that sell your home, not itâ€™s location next to a school.