Public Schools and Higher Real Estate Prices
Does it cost more to buy a home that attends an exemplary school? YES! Rancho Santa Fe is one of the most desirable communities in the area largely because of the shared mission of the community for the public school to be among the best in the country.
Hey guys, Amber Anderson here, your San Diego real estate expert coming to you from the Coast Sotheby’s office in Rancho Santa Fe.
On Wednesday I was able to attend an Open House for the R. Roger Rowe School and tour the new state-of-the-art campus that ranks in the top 1% of public schools in the State of California. The youth being taught at this school are getting the best education possible, having small class sizes of 18 students per classroom. The school is unique due to the phenomenal commitment and generosity displayed by the school families, surrounding communities and local businesses.
I also want to give special recognition to the teachers at the Albert Einstein Academy in South Park, Scripps Ranch High, and the Chula Vista Community Learning Charter as they are doing an exceptional job teaching the youth of San Diego!
As many of you know, education is near and dear to my heart, whether it’s buying a new home or financial literacy for our youth, it’s important to know the facts. About 95% of all buyers are starting their property search online, so I recommend using a website that includes schools maps so you are clear on what district the home falls in. The best site I’ve found for buyers in the educational phase of the purchasing process is called the Home Buyer’s Scouting Report. The site is free to use but it is private so if you want access please email or call me and I’ll send you a user name and password.
All things being equal, if you were choosing between homes that are comparable in all characteristics except that one home attends a better set of schools; you should buy the one in the better school district even if you don’t have children or your children attend private schools as there is a clear correlation between better schools and higher prices.