In Karen’s last blog post we discussed the implications of purchasing a home in a top-rated school district. In Part Two, we will explore some valid reasons not to purchase a home in a top-rated district. It would not be responsible to point out the advantages of NOT buying in a top-rated school district. Afterall, there is no such thing as every time and always in real estate.
More Home for Your Money
The fact is that a home in a low-rated school district can get you a bigger home for the buck!
Less Room for Appreciation
If you are already paying a premium, there is less room for your property to appreciate.
School District Ratings Can Change
This can happen despite the best efforts of the district. So you could end up in less desirable district over time.
It’s Private School for You
You are fully committed to send your kids to private schools. North Atlanta has some really exceptional private schools.
Property Taxes Are Lower
Another reason to buy in a low-rated school district is the taxes. Property taxes tend to be considerably higher in good school districts.
While a school district’s rating is certainly worth considering, there are many more moving parts to home value. There are also many considerations for you to entertain in what you want out of your home…like proximity to work, a big backyard and access to freeways. All are valid and should be considered when you are determining where to live.
It’s important to talk through all the possibilities with Karen. You can explore lots of other details that contribute to a home’s value on most of the major communities in the North Atlanta area here.
Karen has raised her kids in North Atlanta and is well versed not only in the schools, but the neighborhoods that feed into the schools. She would love to show you all the neighborhoods surrounding the public and private schools in your area of choice. Contact her today and get started!
