Eight of the 10 top high schools in Indiana are located in the central part of the state, according to U.S. News & World Report. The schools include Zionsville Community High School, ranked second, and Hamilton Southeastern and Fishers high school rounding out the top 10.
While this is great news for students in the area, it also bears some value for homeowners.
According to a Realtor.com survey of 1,000 home buyers, 91 percent said that school boundaries were an important factor in their search for a home. A lot of people moving into a new house are either looking to start or relocate a family, which is why this aspect can be such a huge selling point.
“Homeowners in Central Indiana may have real estate gold on their hands.”
Homeowners in Central Indiana, take note. You may have real estate gold on your hands. The same Realtor.com survey also showed that one out of five home buyers would pay 6 to 10 percent more than their budget to live in the right school district. One out of 10 said they would go over by 20 percent. If you’re planning on selling, you can leverage this detail to boost your home’s worth.
These are some apparent advantages for anyone selling a home. However, why should buyers consider putting down extra money for a house in a superb school district? Here are few reasons:
If you want kids or already have them, living close to a great school has its obvious benefits: a quality education for your children. That one’s a no-brainer. However, buyers should be sure to determine the actual district boundaries before making an offer. Especially when targeting growing suburbs like Westfield and Noblesville. The school districts can change from year to year, and having a Noblesville mailing address may not mean you’re in Noblesville schools.
If you don’t have kids, there are still plenty of benefits to buying within a renowned school district. Your home is an investment, so you can consider how this element would benefit your resale value when that time comes. Homes in these areas also tend to sell faster and aren’t as vulnerable to the ups and downs of the market.