Forward this email to a friend.

Wenzel Select Properties Newsletter-Vol 11 Issue 6


Why Buyers Should Consider a School District
Even If They Don't Have Kids

A school district's rating is an important consideration when buying a home, at least according to many real estate investors. Homes in top-rated school districts tend to cost more. As a result, buyers sometimes find themselves choosing between nice homes in low-rated school districts and underwhelming properties in better districts. The decision is important for parents who don't homeschool their kids, but what about prospective homeowners without children? For the childless homeowner, the quality of education in a particular district may appear to be irrelevant, but is it? 

On paper, buying a home in a low-rated school district can get the buyer more home for less money. But many real estate experts will advise buyers to go for a more expensive home in a better school district for a couple of important reasons.

1. Holds Its Value. Homes in better school districts tend to keep their value, while homes located in average or low-rated school districts devalue the quickest. 
2. Easier to Sell. A home in a top-rated school district is usually easier to sell, since it's more attractive to parents.
3. More Buyer Interest. Along with parents, investors often go after homes in good school districts. The result is that these homes get more views on real estate listing websites and sell faster.

If buying in a top-rated school district is beyond your budget, there are financial reasons to buy in a less-than-perfect school district. 

School District Ratings Can Change
When a buyer is already paying a premium to be in a top-rated school district, there isn't always a significant potential for gain. Prospective buyers should also keep in mind that homes in good school districts can be risky. The home may only retain its value if the school district continues to be highly rated. If school ratings slip, so will the district's home values. In comparison, a home in a low-rated school district can see its value go up if the district gets a better rating. 

Property Taxes Are Lower
Another reason to buy in a low-rated school district is the taxes. Property taxes tend to be considerably higher in good school districts. 

While a school district's rating is certainly worth considering, there's much more to home value. For example, nearby amenities and local government can affect a home's resale price. For homebuyers with no plans to have children, those other factors may be more important than the school district.

Managing Broker: Lisa Wenzel - 630 430-4797

Broker: Melissa Mathis – 630 392-5171

Broker: Freddy Wenzel - 630 750-4797

Broker: Danny Reed - 708 703-4653

Broker: Kristine Emmel - 847 489-8965

Broker: Catherine Lopez - 630 981-4572

Broker: Michaela Valle – 630 946-4269

Broker: April Stary – 630 962-4820

Broker: Nina Rodriguez – 224 587-0780

Broker: Eumeka Aguado - 847 513-4433

Harmanpreet Singh - 630 440-1578

Anthony Abbatacola – 630 310-7493
Team Wenzel, 1120 Norfolk Street, Downers Grove IL 60516
The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice. If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.

Not interested in receiving any further updates? Go here to unsubscribe.