Is it ok to own a Condo next to an upcoming elementary school. The school district is great one and new elementary school is proposed for taking care of overcrowding at elementary school level. School parking will be across the road from the condo community.
School construction is yet to begin and actual operation is 1-2 years away. How will the proximity impact the price in future - negatively or positively?
The condo itself is inside the community, and not on the side street facing the school so noise is not an issue. Just wondering whether it will impact the condo prices in the community adversely or not.
In worse case if we rent it later does proximity to elementary school favors higher rent?
I saw a listing for a 8-plex in Stockton across the street from an elementary school. Agent wrote it has very low vacancy rate because it’s close to school. I think there is truth in that. Parents dropping off and picking up kids is a major time sink. If it’s literally across the street it’s a major selling point. Plus studies have shown kids walking to school tend to perform better.
Condo next to school seems a personal call to me. I’d assume some discount for the noise and traffic for sure.
Urbanization has it limits. My guess is 20 years from now, as uber/lift and driverless cars become more of a reality, the hills will regain the glory they had in the 90s. The hills haven’t seen nearly the appreciation of the flats. Walkability is nice but so is a view and some privacy. The pendulum could swing back.
I have to be cool. No other choice unless i decide to change the city. But it does include a lot of things including common facilities such as pool and nice fitness center. I can save $75 dollars just on that.