THE PROS AND CONS OF BUYING HOMES NEAR SCHOOLS

 

In buying a home near a school you have to consider proximity that is nearness to school districts which plays a big role in the home. If you’re a prospective buyer, it is very relevant that you acquaint yourself with the pros and cons of living nearby a school.

Pro: Proximity to School

The very important reason why people prefer to purchase a home very close to a school is because they have children, or might be expecting kids, whom will attend it. Nevertheless living close enough to a school will prevent parents from spending much time towards transporting their kids to and from the school. It will be more safe and easy to walk to and from school by themselves.

Con: Proximity to School

Indeed it is quite good to live near to a school but also you need to consider the fact that schools are noisy, at times you would hear kids shouting, cars coming and going, bells sounding, etc.

You find a lot of potential for delinquent teens when you live around high schools especially. In areas alcoholism, smoking, vandalism, or general trouble making is common. Ensure you talk to potential neighbors and make enough enquires about the type of surrounding is really like before you buy.

Pro: Speed Zone

Schools are mostly established in regions for a specific number of things, one amongst them is speed. A lot of parents feel more comfortable due to the signs surrounding their home warning drivers to slow down and to be observant. Also the drug-free, gun-free zoning is nice too.

Con: Traffic

Around schools you can count on traffic the area is always busy mostly all hours of the day, nor before school begins and after school dismissal. Near high schools there is higher number of inexperienced teenage drivers. Living near schools may also result to parents to keep parking in your driveway.

Pro: Choosing a District

Another fact is that the parents are likely to live near a school because they would want to choose a specific district.

Higher concentrations of parents living near schools are found where schools with noticeably better standard test scores, resources, and facilities are in high demand. A recent research at Realtor.com proves that 91 percent of home buyers consider a home located near a school very important while in search of house to buy and one out of a thousand would get rigid of bedroom or garage to be located in a better school district. This can also aid with resale sooner as you want.

Con: Price

Because of a high performing school in a particular district there can be increase in the cost of a home, sometimes by as much as €100,000. If you don’t have a child whom goes to school, paying more rent because of a home’s closeness to a school would be a worthless waste of money. Also, you need to be cautious real estate agents who exhibits homes located near schools during the summer months. You might not want to pay as much as you wish if you knew how loud and busy the neighborhood was while school is in session.