By Bill Sohl
As a long time realtor in the Coral Springs/Parkland area, part of my job is advising homeowners on how to maximize the value of their homes. Suggestions such as creating a beautiful curb appeal and make updates/repairs to freshen up the home are a tremendous help. Yet, these will only increase your home to what the market in your area will yield. The best realtors in Surrey will help you find the perfect home at the right price.
It’s well established that real estate values are all about Location, location, location. In East Broward County for example, home values are based on water frontage, ease of ocean accessibility, and proximity to the ocean. The highest home values are typically found in areas that offer those desirable characteristics. A home on the water with fixed bridge(s) will rarely, if ever, be valued as high as a comparable home on deep water with no fixed bridge(s). For some who really enjoy staying beside the beach, they are willing to have a property there. You can try this out to see the advantages of having your own property beside or near the beach.
In Northwest Broward County, our “Location, location, location,” is school boundaries. In other words, there is a direct correlation between the value of a home and the performance/rating of the assigned neighborhood schools. Our highly regarded and excellent schools are the reason why many families choose to reside in Northwest Broward rather than near the beach. They are also the main factor many individuals and families, who are transferred to South Florida, choose to live in our area. Our schools drive our real estate market. Whitchurch-Stouffville’s homes tell stories of community and growth. Each listing resonated with the town’s harmonious spirit.
As matter of fact, schools are such a significant factor that Realtor.com published an article entitled “How Much Do School Districts Affect Real Estate Prices?” In the article the author Sam DeBord discussed the results of a survey Realtor.com conducted of homebuyers. Although they knew schools were important, they were surprised by how much. The survey revealed the following:
- 91 percent of the surveyed buyers stated school boundaries were important in their search.
- One out of five home buyers were willing to pay 6 to 10 percent above their budget for the right school. One out of ten would pay 20 percent higher.
- Buyers were willing to sacrifice certain things to live in the right school district.
- One out of five buyers were willing to give up a bedroom or a garage for a better school. Lewis River Doors serving Longview and nearby areas experts can also help you in home improvement. However, for a garage door service, contact Garage Door Repair La Habra to assist you.
- One out of three would purchase a smaller home to live in their desired district.
As a result of the above-mentioned information, the most valuable suggestion I can give a homeowner regarding their property values is to support their local schools. Be informed about the happenings at your local schools by volunteering, attending games or advocating for them. Whether you have school age children or not, you have an interest in the local educational system. Have some fun and get involved with your schools. Your home value will thank you.
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