How does a new school next door affect my property value?
Question:
– Hide quoted text — Show quoted text – ameijers ruminated: > If it is a good school, and if it doesn’t make traffic in the area go off > the chart, it should make the value go up, at least as far as buyers with > kids are concerned. > But he said it’s replacing a park. Living near a park (but not directly > against a park) makes value go up to. So he’s getting rid of one thing > that increases property values, and adding another thing that increases > property values — so what’s going to have the biggest effect? I dunno., > One thing to think about is how close or how far from the school the > house is. Generally, houses directly adjacent to the school playground > have their property values adversely affected, due to the noise, balls > coming over the fence and kids always scrambling through their yards, > etc. None of that particularly bothers me — I’m not home during the > day, and I have no greenery that would get me upset if kids trampled > on it while getting a ball — but many home buyers are put off by > that. > GnuPG public key at http://badtux.org/eric/eric.gpg > Join The Conspiracy: http://evidence-eliminator-sucks.com
At least in the towns I’ve lived in, parks are like art museums- everyone is for them, but few actually use them, once out of kid stage. I don’t think many people would pay extra for a nearby park, unless the lots were so tiny that a park was the only place for kids to play. (common in pre 1960s subdivisions) . Schools, on the other hand, are used by virtually all kids. You are right about kids cutting through yards- as a kid, my family moved into a new subdivison, with long blocks, which butted up against a multi-school campus arrangement (elementry/jr high/ high school, all within a 2 block area, with shared athletic fields). Of course the kids going to school saved a couple blocks, and cut through the yards on foot or bike, just like their elder siblings had with the cornfield there previously. It usually wasn’t a big deal- most houses had rear garages, so the turnarounds tended to butt up against each other. But as the area aged, most of the houses put in bushes, fences, etc. Kids quickly learned which homeowners were cranky about serving as a throughway. aem sends…
Response:
>…. How does the building >of a new middle school in close proximity affect property values? >Increase… decrease… not affect.
Are you trying to decide whether to oppose it or not? If so, pity that people cannot be more civic minded; does the community need a new school? The answer to the Q is, it can make them go up, down, or stay the same. If the primary market is to families with children, as it is in many nice suburban towns, it can make values go up since people like their kids to live close to their schools. But since you’re losing the park, if the market was to people who wanted the park, maybe retirees who liked the quiet if that’s what kind of park it was, then value could go down. For that unlucky person whose house turns out to be in a bad spot vis a vis the school driveway, and can’t get out from 8:00 to 8:30 or 2:00 to 2:30, the new school is very bad. But likely it will not effect much at all, except school taxes for the entire town. whatevah, -v.
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Oh, I know I want to oppose it… not a new school in general, but the school replacing the park (which is two lots over from my lot on the same side of the road). I live on a one-lane "veer-off" road from the main road, and I picture all sorts of issues with the short-cutting parents and teachers. We’ve actually had issues with Little League parents using our road (when they park, we can barely pass the cars to get out). The thing is that our School Council has had 14 months to look for the optimal site. Nothing happened, now they’re in a frenzy to put this last-minute plan into action before the next election or else the town loses bond money. I guess we’re caught between the ole ‘rock and a hard place’… The town needs a school… the town needs money to build the school… the town won’t get money unless they have a plan… they can’t devise the optimal plan with out money to survey other sites… it really sucks. Well there are all sorts of DEM issues, not to mention they bought the land under the Green Acres Act which mandates they replace the park in its entirety within 12 months. -A Brown
– Hide quoted text — Show quoted text ->…. How does the building >of a new middle school in close proximity affect property values? >Increase… decrease… not affect. > Are you trying to decide whether to oppose it or not? If so, pity > that people cannot be more civic minded; does the community need a new > school? > The answer to the Q is, it can make them go up, down, or stay the > same. > If the primary market is to families with children, as it is in many > nice suburban towns, it can make values go up since people like their > kids to live close to their schools. But since you’re losing the park, > if the market was to people who wanted the park, maybe retirees who > liked the quiet if that’s what kind of park it was, then value could > go down. For that unlucky person whose house turns out to be in a bad > spot vis a vis the school driveway, and can’t get out from 8:00 to > 8:30 or 2:00 to 2:30, the new school is very bad. But likely it will > not effect much at all, except school taxes for the entire town. > whatevah, > -v.
Response:
Hmm…. Define a ‘good school’ vs a ‘bad one’, being that it is new construction. Plan on massive traffic increases, twice a day. Plan on noisy playgrounds during the day. Including the removal of a park, clearly this is a significant net loss for the property owners and all those located nearby. In the US, as the average size of the family decreases, and the (rapid) growth of households of adults w/o children, in the long run this would not help local property values. If this were my situation, I would not hesitate to move. – Hide quoted text — Show quoted text – > If it is a good school, and if it doesn’t make traffic in the area go off > the chart, it should make the value go up, at least as far as buyers with > kids are concerned. I presume your community is euther expanding, or > replacing a worn-out building? If the latter, prices near the old school > should be going down. > aem sends… > I live in a decent town in RI. Recently, our town council has been mulling > over whether or not to build a three-story school, replacing a town park > that is literally a stone’s throw away from my home. How does the building > of a new middle school in close proximity affect property values? > Increase… decrease… not affect. > TIA, > -A Brown
Response:
>Hmm…. >Define a ‘good school’ vs a ‘bad one’, being that it is new >construction. >Plan on massive traffic increases, twice a day. >Plan on noisy playgrounds during the day. >Including the removal of a park, clearly this is a significant net >loss for the property owners and all those located nearby.
No one has mentioned the effect that the type of "school year" would have – in my part of the country all of the new schools follow a year round schedule and have no "summer break" – the schools are in session all 52 weeks of a year, with ‘track’ assignments to take advantage of the plant facility all year, even when a ‘track’ is on a periodic break!
Response:
> I live in a decent town in RI. Recently, our town council has been mulling > over whether or not to build a three-story school, replacing a town park > that is literally a stone’s throw away from my home. How does the building > of a new middle school in close proximity affect property values? > Increase… decrease… not affect. > TIA, > -A Brown
Personally, I would think living next to an elementary school would be a positive. Living next to a middle school would be a minor negative. Living next to a high school would be awful. I lived a mile down the street from a high school and it was pretty bad with litter, fast cars, boom cars and even breakins (it is considered an academically competitive "good" school). And with high schools, there is something going on from 7:00 a.m. until about 10:00 p.m. Now I’m in a new house out in the country. Guess what they just started building down the road? Oh well. They’ve gotta build it somewhere I suppose.
Response:
– Hide quoted text — Show quoted text – > ameijers ruminated: > > If it is a good school, and if it doesn’t make traffic in the area go > off > > the chart, it should make the value go up, at least as far as buyers > with > > kids are concerned. > But he said it’s replacing a park. Living near a park (but not directly > against a park) makes value go up to. So he’s getting rid of one thing > that increases property values, and adding another thing that increases > property values — so what’s going to have the biggest effect? I dunno., > At least in the towns I’ve lived in, parks are like art museums- everyone is > for them, but few actually use them, once out of kid stage. I don’t think
Huh. Around here, the parks are packed on weekends. Of course, here in Phoenix we have the world’s largest municipal park 
. > don’t think many people would pay extra for a nearby park, unless the lots > were so tiny
The issue, anyhow, was effect on property values. There has been a fair amount of research on the topic. In non-age-restricted neighborhoods (i.e., not retirement communities), people seem willing to pay more for a house near (but not directly ajoining) a park. This is especially true if it is a park that has ball fields and such, so that soccer mom doesn’t have to haul her kid to soccer practice. BTW, lots are getting smaller in new subdivisions, due to "anti-sprawl" legislation. The days of new subdivisions with quarter-acre lots are over in much of the country. GnuPG public key at http://badtux.org/eric/eric.gpg Join The Conspiracy: http://evidence-eliminator-sucks.com
Response:
>Generally, being near a school is a good thing. People like the idea that their >kids can walk to school instead of taking the bus.
This would be an asset to a family with school aged children, if the local school district assigns students based on "neighborhood" schools, this is becoming the exception in many places where assignments are being made based on availability of space in schools and not on the location of the student population that will be attending the school.
Response:
>I live in a decent town in RI. Recently, our town council has been mulling >over whether or not to build a three-story school, replacing a town park >that is literally a stone’s throw away from my home. How does the building >of a new middle school in close proximity affect property values? >Increase… decrease… not affect.
Depends… Does your house face the school or is it the back yard? What will the traffic flow be? Generally, being near a school is a good thing. People like the idea that their kids can walk to school instead of taking the bus. Being too close though may present a problem. Parents dropping of and picking up their kids tend to take shortcuts through the neighborhood and will park nearby to avoid using the school parking facilities and traffic. Kids walking home can cut through lawns & yards and annoy local pets. School grounds tend to be used for community sports like soccer and football at night & on weekends, attracting out of neighborhood residents and possible parking annoyances. If the school has music or sports programs, they may use the grounds early in the morning and after school, extending the time when you become aware of noise.
Response:
I live in a decent town in RI. Recently, our town council has been mulling over whether or not to build a three-story school, replacing a town park that is literally a stone’s throw away from my home. How does the building of a new middle school in close proximity affect property values? Increase… decrease… not affect. TIA, -A Brown
Response:
If it is a good school, and if it doesn’t make traffic in the area go off the chart, it should make the value go up, at least as far as buyers with kids are concerned. I presume your community is euther expanding, or replacing a worn-out building? If the latter, prices near the old school should be going down. aem sends…
– Hide quoted text — Show quoted text -> I live in a decent town in RI. Recently, our town council has been mulling > over whether or not to build a three-story school, replacing a town park > that is literally a stone’s throw away from my home. How does the building > of a new middle school in close proximity affect property values? > Increase… decrease… not affect. > TIA, > -A Brown
Response:
> If it is a good school, and if it doesn’t make traffic in the area go off > the chart, it should make the value go up, at least as far as buyers with > kids are concerned.
But he said it’s replacing a park. Living near a park (but not directly against a park) makes value go up to. So he’s getting rid of one thing that increases property values, and adding another thing that increases property values — so what’s going to have the biggest effect? I dunno., One thing to think about is how close or how far from the school the house is. Generally, houses directly adjacent to the school playground have their property values adversely affected, due to the noise, balls coming over the fence and kids always scrambling through their yards, etc. None of that particularly bothers me — I’m not home during the day, and I have no greenery that would get me upset if kids trampled on it while getting a ball — but many home buyers are put off by that. GnuPG public key at http://badtux.org/eric/eric.gpg Join The Conspiracy: http://evidence-eliminator-sucks.com
Response:
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