It’s widely believed that homes near schools sell faster and for higher prices, especially to families. But is this always the case? Here’s a breakdown of how location and school quality impact property sales.
The family advantage
Homes close to schools, especially those within walking distance, are highly desirable for families with children. Marc, a real estate agent in Brussels, notes that properties near schools often sell for up to 5% more than those farther away. This convenience can be a deciding factor for buyers.
Potential drawbacks
However, living near a school can come with challenges, such as increased traffic during drop-off and pick-up times and noise from school activities. For residents without children, these factors can make nearby homes less appealing, impacting the marketability.
Location matters
In urban areas like Brussels or Antwerp, proximity to schools may not be as crucial compared to rural regions where schools are fewer and farther apart. Moreover, the reputation of the school plays a significant role. Properties near well-regarded schools tend to command higher prices, while proximity to lower-rated schools may not have the same effect.
Final thoughts
While living near a school can be a selling point, it’s not always a guaranteed advantage. Buyers prioritize other factors like neighborhood quality, amenities, and property features, making the school’s location just one part of the overall appeal. Consulting with a local real estate expert can help determine the true impact in your area.
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