Buying a property near school can be an extremely lucrative investment, but it can be a challenging decision if you want to live in a peaceful neighbourhood. Convenience, safety, and accessibility are some of the pros while the possible cons of living near a school are disturbance, extreme traffic, and trespassing. So, we have compiled a list of pros and cons of buying a property near school to help you make a well-informed decision.
Advantages and Disadvantages of Buying Property Near School
We have, quite recently, shared the pros and cons of investing in luxury apartments, here’s our take on advantages and disadvantages of living near a school.
Most families with young children often choose to live near a district a good school. Living near children’s school gives them the liberty to walk the kids to school, manage everything on their own, and stop depending on pickup vans.
Some families, on the other hand, don’t prefer living near a school since they find it extremely noisy and unsettling. The decision, however, is completely yours to make but let’s give you a little insight into both the advantages and the disadvantages of buying a property near school.
Pros of Buying a Property Near a School
Have you been wondering is it good to live next to a school? When choosing whether or not to purchase a home near school, there are a number of things that you need to consider. Let’s take a closer look at the advantages of buying a property near school:
- Safety & Security
- High Resale Value
Walking to School with Your Children
Driving your children to school can be extremely hectic and overwhelming for parents who juggle between daily chores and office work. If you have school-going children, then living near a school can be extremely beneficial for you. You can easily walk your children to school and spend some extra time with them while making it a routine for you and your little ones.
Not to mention, incorporating the walking habit in the morning routine makes your children active, healthy, and organised. In addition, you will be reducing your carbon footprint by not using a car.
Access to Playground
One of the major advantages of being near a school is accessibility to the playground. While this might not be a huge contribution in the decision-making process for an ordinary property hunter, families with children are much more interested in having a recreational spot in the vicinity.
Schools are usually coupled with playgrounds and they boast access to places that are specifically designed for keeping children entertained.
On a side note, the playgrounds will become a space for you and your children to socialise and make more friends. It means living near a school [that has these amenities] will give you and your children more activities to participate in after school.
Security is, by far, the most important factor to consider when you’re purchasing a home near school. Schools are extremely vigilant when it comes to security. Extra measures are taken in order to protect the students and the premises. Most schools take an extra course of actions to keep the boundaries safe while they hire security teams that work round-the-clock. So, it is only natural to assume that the locality will be a safe one.
High Resale Value
If you have been wondering whether or not schools raise property values, we have the answers for you. Buying a property near school can drastically affect the return on investment and increase the market value. It can help you in the longer run since most property seekers with families are always on search to purchase homes near a school. All you would need to do is to find the correct buyer who would be willing to pay the price for all the pros of living near a school. On a side note, if the property is situated near well-reputed and top-rated schools, they have even higher chances to fetch excellent market value.
Cons of Buying a Property Near a School
Now, let’s look at a few drawbacks of investing in a property near a school:
- There will be extreme trespassing
- Excessive noise pollution
- Increased traffic
- Limited number of interested buyers
Children are bound to cause noise if there are a lot of them in a single area. If your children are noisy, mischievous, and handful – imagine living in a locality that has a lot of them gathered at one place.
From assembly bells to occasional concerts, you will have to put up with everything. This will give way to a number of tricks and trespassing around you – if you’re okay with these little drawbacks, you can buy a property near a school. However, if you prefer a serene locality, property investment near a school isn’t ideal for you.
Excessive Noise Pollution
When you’re thinking of buying a property near a school, you should be prepared for low to extreme noise pollution since the general environment of a school is noisy. There are sports day, school functions, occasional parties, and early morning assemblies that will not let you have a peaceful moment.
However, if you are intrigued by the accessibility aspect of living near a school, then get one that is situated a few blocks away to avail all the benefits without the loud noises.
Properties near a school have one thing for sure – the streets get extremely crowded during morning and afternoons. It will add a whole new layer of hassle when you’ll be travelling around the area for grocery and other general needs.
Limited Interested Buyers
Even though the properties near schools are in demand, there is still a very limited pool of people who are interested in buying a property near a school. Most buyers who have school-going children are the only ones interested in such properties.
Now that we’ve listed a number of pros and cons of buying a property near school, you can take all of these factors into consideration when making a decision whether or not you want to make such kind of property investment.
If you’re still in the process of hunting for houses, you can take a look at our blog highlighting the hidden costs of buying a house in Pakistan. For more real estate opportunities, check our official website.
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