If you’re thinking of buying a home, you may have been advised that it’s always wise to purchase a home in the best school district, even if you have no children. The reason is resale value. “Everyone” with children wants them to attend the best schools.
What you should do depends upon a number of factors. Your housing budget, of course, is the first consideration. It’s never wise to commit to paying more on a house payment than you can comfortably afford without eliminating all the activities that add spice to your life. Property taxes in that “best” school district could add hundreds of dollars per month to your house payment.
Next are your plans. Are you buying for the short term or the long term? If you have no children and plan to stay for the next ten or twenty years, the school district really shouldn’t be a consideration. After all, in that much time things may have changed drastically. Remember that a school district, like any other organization, is as good as its leadership.
Backing up for a moment, consider what makes a school “the best.” Before you take someone else’s word for it, go to the school district’s website and see what they offer. You might also talk to some of the parents and students in different school districts.
Find out if things are “as advertised”. Find out if what someone else considers the best is what you want for your children.
Your opinion of good, better, or best might be different from someone else’s, so form your own opinion.
You may prefer to send your children to private schools. If so, then the only reason to consider the school district is resale value. If you spend $10,000 per year on private schools and save $10,000 per year on property taxes, you’ll come out far ahead once your children are out of school.
If you’re getting ready to buy, call me. I can show you the school district boundaries and give you links to their websites. Then I can help you find a home in Delaware that suits you and your loved ones, no matter which school district you choose.
Posted by Seesan Ed, Realtor at Berkshire Hathaway Fox & Roach Realtors