Choosing a home can be a daunting challenge. Countless details factor into the decision — how many bedrooms will you need? How quiet or lively is your neighborhood? What’s the quality of the local school district? The last question may not be top-of-mind if you don’t have kids, but whether or not you have children, schools matter. No matter your family situation, a neighborhood’s school district should still factor into your home buying decision.
Here are four reasons why living in a good school district is a boon for all homeowners, not just parents!
1. Stable home values
The housing market and the economy are bound to fluctuate, and that can lead to changing home values. And since your home is often your biggest asset, it’s obviously preferable for that value to stay high! Your home is an investment in both your present and your future, providing shelter now along with the potential of a future sale.
Research suggests that homes in high performing school districts hold their value better during times of uncertainty like recessions and real estate market downturns. Living in a high-quality school district can increase (or at the very least preserve) your home’s value.
2. Better resale conditions
Even if you don’t expect to move, keep in mind that circumstances and plans can change. A home is where you can spend decades, but life, and even your own preferences, can change at any time. If you decide to sell your home, you want to attract as many buyers as possible — and ultimately make a profit!
Research suggests that homes in above-average school districts have more viewings and sell faster and at a higher price point. A study by the National Association of Realtors survey found that homes in good school districts sell in an average of eight days and receive 26% more views than homes in mediocre school districts.
3. Quality of life
When you invest in a home, you’re not just buying a piece of property – you’re also buying into what a community has to offer. In general, neighborhoods in high-performing school districts tend to have other features people want and are willing to pay a premium for, such as walkability, low crime rates, and access to restaurants and shopping. Homeowners who enjoy these benefits experience a higher quality of life, regardless of whether they have children at home.
4. Public amenities
Good school districts are also likely to have high-quality (and well-funded) recreational spaces, parks, playgrounds, and libraries. Although this is a generalization, if an area prioritizes education, it’s a safe bet these other public amenities will follow.
Homeowners of all ages can benefit from recreational spaces (think: safe sidewalks, dedicated cycling paths, and dog parks). And you never know when a playground or library program will become desirable – some homeowners may decide to have kids later or perhaps become a very involved grandparent, aunt, or uncle. A family-oriented neighborhood is often a safe and friendly place to live – a win for everyone!
If you’re looking for a home in a great school district, the new Highland Pointe neighborhood has everything you’re looking for. Downtown OKC is just a quick commute away and you can walk or bike to countless restaurants, stores, and entertainment options. And at the same time, you’ll enjoy all the advantages of living in the highly-ranked Edmond school district. According to the 2020 US News & World Report ratings, the three Edmond high schools rank #4, #5, and #8 in the state of Oklahoma. Learn more about the Highland Pointe community, and if you sign a contract to purchase before December 24, 2020, enjoy a free Peloton bike, on us.