Educational Quality, Facilities and Real Estate Value
March 25, 2003• (0) Comments
Investing local tax receipts to improve public education benefits all homeowners in a community, whether they send children to its schools or not.
According to realtors, American homebuyers perceive a positive correlation between the quality of public education in a community and rising residential real estate values. From coast to coast, buyers agree that Good schools equal desirable neighborhoods equal sound investments. Arguably, many elements play in the determination of a locality’s real estate prices. These include macroeconomic conditions, proximity to workplaces, adequacy of residential housing supply and property tax rates, to name just a few. Nevertheless, after curb appeal or adequacy of space and amenities, the quality of a community’s schools ranks high among buyer influences.