Top 2 Benefits of Buying a Home Next to a Top Ranking School

By Ilan Joseph, Broker, ABR, e-PRO, AMP | © All rights reserved
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Want Your Kids Enrolled in a Top Ranking School? You're Not Alone. A top concern for many families with young children is ensuring their home falls within the boundaries of a top rated school. It’s a high selling point when listing your home for sale and demand is higher for these homes. It's important that you discuss your desire to fall within a certain school board with a real estate agent who is familiar with the neighbourhood and it’s surrounding schools prior to purchasing a new home. Buyers, instead of having to search through countless Toronto, Vaughan and Thornhill real estate listings yourselves - trying to find the right home close to a highly rated school within your budget – by hiring a knowledgeable real estate agent you'll quickly be able to identify not only those homes which fall within your budget and school zone criteria, but also those homes that have other details you may be interested in like a 2 car garage or a finished basement with walkout. Real estate agent commissions are paid for by the sellers so having a Realtor help you normally shouldn't cost you a penny. Although school rankings are important for buyers with school-age children, your real estate agent will hopefully cover other factors to consider before purchasing a home. For example, parents who want to enroll their children in a private school may be able to purchase a home in a less expensive neighbourhood as opposed to an expensive neighbourhood with a top public school. In addition, schools that are not as highly ranked may sometimes offer unique scholarships or programs, which is why it is important that both parents and real estate agents perform some research prior settling on a school zone or particular neighbourhood. Even if you are set on purchasing a home in an expensive area next to a top ranking school, this tends to be a good long term investment. Despite the higher price, consider the advantages of living next to a competitive school:

1. Protection from the Fluctuating Real Estate Market

All real estate markets see highs and lows. Living in a neighbourhood next to a top rated school may help dampen the severity of the lows as demand will always remain higher than other neighbourhoods. Although the market is constantly changing, the school you live next to will always be there and it will always be a high selling point for families with children.

2. High Resale Prices Should You Ever Need to Move

By the same logic, even though you might have paid more to move into a neighbourhood close to a highly rated school, should you ever have to move you will be able to sell your property for a premium. There are no guarantees in real estate, but there will always be parents who want to enroll their children into high ranking schools, especially with the surge of immigration into Toronto, Thornhill and Vaughan of parents who come from countries that put a great deal of emphasis into a good education. A dedicated, full-time real estate agent will not only examine real estate listings for you based on school zones, but will also be able to narrow down homes that suit your family’s needs after carefully identifying all of your search criteria. Parents who are currently looking to purchase Toronto, Thornhill-Vaughan real estate and are intent on finding a top ranking school for their children should address this and any other concern they may have in finding a suitable home with their real estate agent.

If you have any questions about the home buying process or would like some information about the Toronto, Vaughan or Thornhill real estate market, feel free to contact me.

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CONTACT ILAN NOW FOR A MORE PERSONALISED SEARCH EXPERIENCE!

    Ilan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto, Thornhill and Vaughan real estate team. You can find him on LinkedIn, Twitter, YouTube and Google+. For over 11 years, Ilan has provided more than 1550 buyers and sellers valued advice and service, enabling them to reach their real estate goals. He’s kind of like the Bruce Willis of real estate.