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Finance Real Estate School proximity increases house prices
Finance Real Estate School proximity increases house prices
| School proximity increases house prices |
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| Written by Kieron Bolton |
| Saturday, 16 April 2011 08:40 |
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Top schools can raise the value of your home A high performing school nearby can add great value to your property and not just in cities this is happening in all areas of the UK. There are some parts of the country experiencing a 4% premium; Yorkshire has a 4.6% premium and the West Midlands are at 3.6%. The schools performance tables that are published have tremendous effect on the value of the surrounding properties. Families looking to move are primarily concerned about the location of high achieving schools and their accessibility. Many move just be within a catchment area of a particular school. Catchment areas are usually quite small so demand for properties within them is high. Property owners can expect to see an additional 6,000 on the value of their home if they live near a school with a 10% higher pass rate. If you are selling your property in one of these desired catchment areas, it is a good idea to mention this to your viewers. It may not seem relevant to them now, but if they are wishing to start a family, it could be an extra selling point. It may not be a bad idea to quote the Ofsted ratings of the schools and the local nurseries as well. Check that all this information is included in the particulars. Since the recession has hit demand for places at good primary schools has risen. Those previously opting for private prep schools may now be unable to afford the fees and have decided to target the better schools in the state school system. The cost of relocating to be within a catchment area is being weighed up against the cost of paying for private schooling. High performing state schools can even have extensive waiting lists as a result. About the Author: If you need some expert advice, then speak to trusted conveyancing solicitors today. Kindly provided by LJ-Marketing.dk You are welcome to use this article on your own website, if you include the link just before this text. |
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