One way to stay on top of soaring land and home prices is to evaluate school rankings. Builders may want to make more concerted land acquisition efforts in such emerging areas, and a relocating buyer may want to run the numbers to anticipate the value benefit to their family.
I've found that families willingly over pay to get their kids into better schools, and though it costs more to live in such areas, property values do climb predictably. Those that originally overpaid for their home may find the greatest returns when they go to sell.
My favorite school website is www.schoolmatters.com. Enter State, Zip, and Distance then look for "Advance Search" link, and enter the same figures along with the grade your oldest child will be in next year (or for builders enter the average age of the oldest in your target segment). Lastly, click "sort by" twice to see your best options up top.
If you find strong elementary schools in areas with average high schools don't worry - in 7 years those are the kids that will populate the senior high. Just like buying stock - these are buy low sell high emerging growth areas, and a great location for new construction investment.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment