As soon as you tap the real estate market, tons of home options pop up, but if you have come across a school-adjacent home and don't know whether you should buy one such home or not, this post is for you. In this post, you will explore both the positive and negative aspects of investing in a property near school. Getting a thorough picture of both plus and negative points will help you make the right financial decision.
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Here are some benefits you can get when you invest in a school-adjacent home.
Sexual abuse and harassment cases in Pakistan are rising day by day. Parents are quite worried about their kids' safety. They are unable to trust bus drivers, as many cases of kidnapping and harassment are reported. To stay on the safe side, they need to pick and drop their kids, but it's impossible for every parent. So, if you want safety for your kids, then you can consider buying a home near the school. You won't have to worry that something terrible will happen to your kids on the roads and a bus. Parents can enjoy peace of mind.
It's straightforward to pick and drop your kids to and from school as that place isn't far from your home. In case you are busy somewhere, you know that your kids will reach there as the school building and home has a walking distance.
If you rely on bus service or local transport, then you might be paying monthly fees. When a school is nearby your home, you don't need to make any such payment. So, you can save money. Even when you don't rely on the outside pick and drop service but take the whole responsibility, you can save your fuel cost.
When you are living close to school, you can establish a good network with other parents. Extrovert always like to boost their social circles; therefore, having a school building within your school's walking distance lets you get connected to other parents.
I have explained some social benefits that you can get while buying a home near the school. Now the next thing to do is to evaluate home worth. When you put this home on the market, parents interested in living near the school would like to buy this place. You might get a good value for your home from an interested party. The worth of a house near a famous school is always high. A home buyer will be ready to pay more than 10 percent of real value as he can enjoy some perks of living next to the school.
You have explored this property's positive aspects; it's time to dig into some negative aspects of this kind of real estate decision.
If you don't mind leaving near the space of day-time noise, you should consider buying a home near the school. You can't overlook the fact that traffic noise and students around your home might interrupt your peace of mind. This thing won't bother you when you don't stay at home during day time. Working parents can easily neglect this factor, though. Noise will also affect air quality.Know how to set up home office.
The biggest problem you will face while leaving near the school is the traffic. You might find it hard to park your own car. If you expect guests during the day-time, then they will face the same situation. During pick and drop times, you will have to encounter with a massive influx of traffic. If you want to live in a quiet neighborhood with good air quality, this property certainly doesn't fit your preferences.
In case of any emergency, you will also experience a red alert in your area. Terrorist attacks, security breach, flood, earthquake, etc., or some other emergencies may leave an impact on your home as well. You might have to offer rescue space to all kids facing emergencies.
When a home buyer checks a property near a school, he will evaluate both positive and negative aspects. If a buyer wants a quiet neighborhood and low traffic, he definitely looks into another property. The negative aspects of this kind of real estate property often bring some challenges for homeowners as he might not find the best buyer in the market. Reasons why an agent doesn't get any home buyer.
Finally, you have explored both positive and negative aspects of buying a home next to a school, so it would be easier to compare both parts and decide whether to accept or skip this property based on your preference.