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Browse the siteMay 05 2014
According to a Redfin study published in 2013, homebuyers are willing to pay on average $50 more per square foot, in order to purchase a home zoned for a higher quality school. In 2013, the National Association of Realtors released statistics showing that 40% of homebuyers had school aged children and 25% of all purchases were directly influenced by the quality of the school district/zone. To cement the fact that schools are important to home buyers, NAR also published that only 3% of people were willing to compromise on the quality of a school.
There is a clear connection between a homes value and the attendance zone it falls within. The statistics show that people pay more and actively seek out homes that they feel will have a positive impact on their children's learning. Some leading players in the real estate world already provide school zoning information to their online users, including Trulia, Redfin and Zillow. Without further ado, below are four ways your company can utilize school attendance zone boundaries to have a major impact on your website.