And Schools are an Important Factor to you…? See what I and other professionals here had to say to a question on Trulia.com…
The question from an investor in the Sunnyvale area of the South Bay area of San Francisco had to do with his curiosity about the Sacramento Region. A big concern of his was the quality of the schools here.
The reason Investors have that as a concern is that they know that in areas of great schools people will pay more for the price of a home and pay for more for the privilege of living there in rent. The reason is you will get a better class of tenant if you will.
Investors know that people who are concerned with the quality of schools are also concerned about the quality of the education they will receive for their kids. It also means they will be great tenants for their investment.
Since prospective tenants will pay more to rent in an area if their kids will have access to great schools, the investors know their property will grow more in value as time goes on.
What makes “great schools”…? My opinion is that great schools exist is because of “Parental Involvement”. That’s what you see here in the areas we discussed in our answers to the question of this investor on Trulia.
In the mean time…?
Make it a Great Day…
Ed Favinger, Broker CRS, GRI, SFR, CDPE firstname.lastname@example.org 916-203-1260
- Trulia Spring 2012 Rent vs. Buy Index(slideshare.net)
- Why The Bay Area Should Have 11 Million Residents Today(forbes.com)