Baldwin County School District a Profitable Factor for Homeowners
Residents of Baldwin County can add one more benefit to the list of advantages to owning a home in the area. According to recent statistics, The Baldwin County School District ranks among the very top in academic performance in Alabama and among the top in the nation.
Living near a great school district has proven time and again to be a valuable asset when choosing to invest in a home. Having access to quality education for your children is priceless. However, you don’t need to be a parent to benefit from buying in a top school district.
“A home located in a good school district carries the benefit of maintaining its value in comparison to lower tiered school systems,” says Linda Brincks, real estate consultant of The Raines Group. “Even if you do not plan to use the school systems yourself, many buyers (especially relocation buyers) will opt for homes in the top notch school systems when it’s time to sell the in the future.”
Indeed, buying a home in a good school district can result in numerous resale advantages and shield the negative impact of market fluctuations.
“Real estate values are driven by demand,” notes Kristie Zimmerman, real estate agent of McEnearny Associates. “The end buyer may make their decision to purchase based solely on a school.”
The influx of buyers in an area could significantly change the schools due to the increased enrollment and tax base. Home prices will often remain the same, thus increasing the value of your home. For this reason, up-and-coming areas are a smart place to settle.
Homeowners can also avoid financial anxiety if the market stalls. Properties already located in good school districts tend to hold value, or even increase in value, throughout market fluctuations.
Buying in a good school district offers another great advantage—parents can save on the costs of private schools. When you factor in private school expenses, the higher home costs of a top district are often worth it. “Many of my clients sold their homes to take their kids out of private school and to move into a great school district,” says Carol Huston of Wish Sotheby’s International Realty. “They felt that they would rather support public school and pay it into their house mortgage, than pay it to a private school.”
If you’re house hunting this year, be sure to consider these factors in your research in order to get the most value out of your investment. Looking into student-teacher ratios, testing scores, and notable awards earned by the local school district proves to be beneficial when determining the future value of your home.
Of course, if you’re looking to buy a home in Baldwin County you can consider yourself one step ahead. Kick back, relax, and rest easy knowing that you’ll reap many benefits from your smart investment.