Why school matters when buying a house

There’s a lot to consider when buying a house: location, price, style, bedroom count, taxes.

Here is something else you shouldn’t forget: Even if you don’t have or never plan to have school-age children, the quality of nearby schools can have an impact on how much you pay, and how much you sell a home for later.

Some reasons why schools matter when buying a home:

• You’ll pay more to live in a good school district. Even if you don’t have kids, you’ll still pay more to be near a good school. They establish an area as a good location. Homes in the best school areas sell for more, on average, than similar houses in areas with lower-rated schools.
• Even in a down market, an excellent school can help protect your home’s value.
• It costs more to buy near a good school, but you’ll probably get more when you sell later.

Although schools matter, remember to buy the right home for you, at the right time. The right home for you should be one where you feel comfortable, and it should be in a location that makes sense to you.

There are websites where you can find out about schools in your area. You can also visit the Fraser Institute to find out about your school's ranking.  

Of course, nothing beats firsthand information, so ask residents in your targeted areas about local schools and other educational options.

If you need help in finding information on the schools in Whitby, Brooklin, Ajax, Pickering, Oshawa, Courtice or Bowmanville, contact me. I can make sure you get the information you need to make the best decision for you and your family...

Randy Miller

Sales Representative
Re/Max Rouge River Realty Ltd., Brokerage
905-668-1800 or 905-427-1400
randy@randymiller.ca
www.randymiller.ca