A high School is proposed along the back yards of million dollar homes. Will this bring the value of these homes down or up?

(0) | asked by: Lindie Lee | share | 2 months ago | Report
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answer by Julianne Pulido    |   Contact Me
Greetings Linde, I am with Rich on this one. School is a factor for many families when choosing a home. Provided the new school has great ratings it would assist if and when you choose to sell. Hope this helps!
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answer by Robert Dilley    |   Visit My Website   |   Contact Me
Hi lindie. Many people like to be located near a school, especially an elementary school. It is difficult to say what kind of impact a high school will have on an area, but it will likely bring more cars, noise, and congestion to the area it is located in, and usually noise and congestion will bring down property values. Give me a call if you want to discuss further?
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answer by Lynn Stadille    |   Contact Me
a high school would certainly increase traffic congestion, smog, activity along main roads such as loitering, so would therefore decrease values on high end homes. Conversely, families may want to buy homes near the new school, however, not in million dollar price ranges, due to the high cost of raising families today, the higher costs of college educations. Again, could cause a drop in value....
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answer by Rich Reed    |   Visit My Website   |   Contact Me
Hi Lindie, it depends on what's there now. If a new high school would be an improvement to the existing land use, it may raise values. Generally, proximity to a High School would not be a plus for most situations, but it depends on how well separated the school property is from the nearby residential properties and whether your property is negatively affected by school vehicular traffic. It looks like Fallbrook has average or better school ratings. If after it's established the new high school has excellent ratings, the net effect could be positive. Hope this helps!
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