For parents of young children or any home buyer who's planning a family, the quality of local school districts is frequently a critical factor in buying a house. A quality education for your children is the first priority, of course, but very often a highly rated school system is also a sign of a healthy community. Good schools require funding, dedicated educators who live in the community, involved parents and modern facilities where students can reach their full potential.
Even if you don't have kids, it's a good idea to research school districts when buying a house. Our team at RE/MAX DFW Associates tells why school districts influence home buying and provides you with four tips for finding a house in a good school district.
How School Districts Impact Buying a House
Let's start with the big one. The quality of a school district can absolutely influence the value of homes in that district, though the degree of that influence is still a subject of debate. Affluent communities tend to have better rated schools, but the school system isn't the only factor in the increased value of homes in those communities. The good news is that even though you might have to pay a bit more when buying a house in an excellent school district, you'll also be able to make a better return on your investment should you ever decide to sell.
- For Home Buyers without Children – If you don't have children, you'll still want to research school districts in your preferred destinations to see how their quality influence home prices. Even if the price difference isn't a priority for you, the quality of local schools will make a difference in the amount of competition you have when bidding.
- Finding the Right District for Your Kids – For shoppers with children, choosing the right district is a big decision. Sending your children to a top-rated school district gives them a big head-start in life, and there are tons of excellent districts in the DFW Metro Area. Identifying the best districts for your kids is an excellent way to narrow down your home search, and there are plenty of resources available to help you make the right choice.
- Resale Value – Unlike some real estate trends that pass with time, the demand for homes in quality school districts is constant. If you expect to move again in the future or simply want to maximize your potential return on investment, be sure to research schools before buying a house.
- How to Research School Districts – So we've talked quite a bit about the importance of school districts, but how do you actually research which district is right for you? Start online, with reputable school rating services like GreatSchools. GreatSchools rates schools based on test scores, and allows parents and students to post reviews, as well. The Texas Education Agency also issues School Report Cards every year, which factor in financial performance, accountability ratings, and student achievement to provide a comprehensive picture of every Texas school. Your REALTOR should also be well versed in the quality of school districts that make your short-list.
Many of the top-rated school districts in Texas are right in our backyard in Dallas-Fort Worth and the surrounding suburbs. Contact RE/MAX DFW Associates to buy a house in the Dallas-Fort Worth Metro area.