In many parts of America, the “location, location, location” mantra for the most important factor in a home purchase has been replaced with “schools, schools, schools”. Makes sense, right? With property taxes in many parts of the county equivalent to 3% or greater of the assessed value of your home, and with a private kindergarten, elementary, grade, middle and high school costing $15,000 to more than $30,000 per year, it’s easy to understand why parents are looking for advantages.
Sure most parents want to see their child have the opportunity to achieve as much as they can without being limited by a second-tier pre-college education. In fact, I have a client who chose their house, and bought it online, nearly exclusively on the triangulation of the house location to provide the best education available in the state for elementary, middle and high school. Face it, if you are able to provide your children with any scholastic advantage based on the physical location of your house, you may be thinking school, school, school.
In fact, there are some new on-line real estate tools that help you choose a home based on the search of a particular school district. So, for your children or grandchildren, the new mantra for a home search may be school school school.