Effect on Property Values More Complicated Than You’d Guess So, how big a premium do homes in stellar school districts fetch? Conversely, how much of a discount is baked into the price of homes in poorly regarded school districts? Two Sides of Same Coin Step #1 is to realize that one size doesn’t fit all — that...Read More
“Edina: 2-story walkout, 4,320 finished square feet, 5/4/3, school district 270. Fresh and immaculate Parkwood Knolls home on a great lot in a cul-de-sac. $874,900” –Pre-list networking Can you spot the key — and buried — detail in the above? Hint: it’s not a word, it’s a number — in fact, it’s a single digit...Read More
Property Premiums — and Discounts It’s certainly a logical strategy: buy a discounted home just outside a stellar school district, then open enroll your child(ren). The hitch? Actually, there are three: One. Most districts determine open enrollment on a year-to-year, school-by-school basis. So, an elementary school in a particular school district might have openings, the...Read More
