When it comes to buying a new home in Harford County, there are many factors that come into play. One of the most important factors is the school district in which the home is located. School districts have a significant impact on home values, and it’s important for homebuyers to understand how this works whether or not they have children.
Premiums for Highly Rated School Districts
In Harford County, the impact of school districts on home values is significant. Homes located in areas with highly-rated school districts tend to have higher values than those located in areas with lower-rated school districts. This is because families with children are often willing to pay a premium for a home that is located in a good school district.
Determining a District’s Rating
So, what makes a school district highly rated? There are several factors that come into play. First and foremost, test scores are a major factor. Schools with higher test scores tend to receive higher ratings. Other factors that are taken into consideration include graduation rates, student-teacher ratios, and overall academic performance.
In addition to academic performance, school districts that offer a wide range of extracurricular activities tend to be highly rated. This includes sports teams, music programs, and clubs. These activities can significantly impact a child’s overall educational experience, and families are often willing to pay a premium to live in an area where their children have access to these opportunities.
Another factor that can impact the value of homes in a school district is the quality of the school facilities. Schools with modern, well-maintained facilities are more highly rated than those with outdated or poorly-maintained facilities. This is because families want their children to attend schools that offer a safe and welcoming environment.
Impacts on Buyers Without Children
Of course, the impact of school districts on home values is not just limited to families with children. Even individuals or couples without children may be willing to pay a premium to live in an area with a highly-rated school district. This is because homes located in these areas tend to hold their value better over time, which can be beneficial for resale purposes.
Do Your Homework
So, what can homebuyers do to ensure they are purchasing a home in a highly-rated school district? The first step is to do your research. Look up the ratings of the school district in the area you are interested in. You can also ask your real estate agent for advice on which areas have the best school districts.
It’s also important to keep in mind that school district ratings can change over time. Just because a school district was highly rated in the past does not necessarily mean it will continue to be highly rated in the future. Keep an eye on any changes or updates to the school district’s ratings.
Have Questions About the Schools in Harford County?
The impact of school districts on home values in Harford County is significant. Families with children are often willing to pay a premium to live in areas with highly-rated school districts, and even individuals or couples without children may be willing to pay more for the long-term value of their homes. When purchasing a home, it’s important to do your research and consider the quality of the school district in the area you are interested in. This can have a significant impact on the value of your home over time.
Do you have questions about the schools or the local districts in the Harford County area? Jedd Cheshier and the We Sell Harford Homes Team with Taylor Properties can provide you with the data you need. Reach out to our team today to learn more! 443-616-5486