Better still and of wider application there is evidence that good schools, regardless of the independent versus state class war, help local house prices to rise ahead of the national average. PrimeLocation. com estimates that prices near top-performing state primary schools are 40 per cent higher, or about 90,000 more, than.
Ian Cowie finds that moving near to respected schools doesn’t just provide your children with a good start in life, it could set you up for retirement.
Is it worth moving home to obtain a better education for your children? Many parents will have fretted about that question at some stage or another, amid rising anxiety about falling educational standards at some schools.
“Yes†is the emphatic answer I have arrived at from personal experience, and which tends to be supported by a wide variety of analyses not just of exam results, but also local variations in house prices. While the academics can argue their way up and down the league tables, I am sitting on a sizeable profit from letting the location of the best school we could get our son into determine where we live.
Better still – and of wider application – there is evidence that good schools, regardless of the independent versus state class war, help local house prices to rise ahead of the national average. PrimeLocation.com estimates that prices near top-performing state primary schools are 40 per cent higher, or about £90,000 more, than identical homes fetch elsewhere. Earlier surveys by Halifax and Nationwide – respectively Britain’s biggest mortgage lender and building society – have come to similar conclusions. Bearing in mind that gains on your main residence remain tax-free, the long-term return on paying more for a home near good schools can prove well worth the short-term financial pain.
You might even find that you have acquired a useful nest egg to ease your path into retirement, long after the worries of educating children have become a distant memory… – Source