Impact of School Locations on Home Prices
Conventional knowhow lists several factors property buyers in Kenya rely on when determining where to buy a home. We agree, buying a home is a great decision but not an easy one. A home is an investment and buyers consider a number of factors before zeroing in on a place they want to put their money in.
Let us look at some of the buying trends.
Some of the key parameters people consider before taking a decision on buying a home are – apart from the budget, design, and layout of the house, – is the proximity of the house to the supermarket and healthcare services as well as basic amenities.
These few considerations help prospective homebuyers in taking a decision.
Yet, there is one other aspect which also plays a significant role in swinging home purchase decisions; it is the proximity to good schools in the neighbourhood. This is a key factor which can not only influence a buyer’s decision but also impact its pricing markedly. And, this is a proven fact.