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September 02, 2018
Bought a Single Family home in 2018 for approximately $425K in Colonial Heights, VA.
Tommy always responded quickly and was very knowledgeable of the area and what we were looking for. Never wasted our time by going to houses out of our budget or requirements. I would recommend him in ...
From Our Blog
How Do School Districts Affect Home Prices?
Conversations about schools and their effect on a home’s value are often of the “chicken or the egg” variety. Homes in the best school districts, on average, sell for higher prices than similar homes in less-popular school districts. A simple analysis might say that good schools are wholly responsible for this added value. At the same time, on average, more affluent homeowners live in more sought-after school districts. Statistics often show that for large sample sizes, the more affluence there is in a community, the higher test scores will be in that same community. Test scores are just one measure of “good schools,” but they’re a highly quoted measure. There can be a self-reinforcing mechanism here that might overemphasize the effect of the school itself on the prices of those homes. One might even hypothesize that the high home prices make the schools better. Do the research There’s plenty of information…