It can be costly to live near good schools. Without sacrificing everything just to potentially end up with a school who’s rating changes, you can pay attention to the school’s ratings to make sure they don’t fluctuate often. It’s also a good idea to make sure there are other good schools in the area as well as reviewing their ratings. It would be wise not to move just because of a child’s schooling. Other things should factor into the decision because schools can change.
Key Takeaways:
- School ratings can drop, therefore, home buyers can initially over-pay for a home.
- Check the history of a school’s rating to ensure it hasn’t fluctuated.
- When linking a home purchase decision to a school location, renting may be a good option if moving is a possibility.
“Most parents are willing to do anything they can to secure their child a place at a top-performing school and the shortage of places at many of them means they’re often willing to pay huge premiums to secure a home in the right catchment area.”