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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] I'd wait and see... Posted by Ward-CA- on May 24, 2003 at 6:49 AM In Reply to: school being built posted by gcastro on May 20, 2003 at 10:35 PM : Hi Ward, my mother owns a 4 Bed 3 Bath home in the area of San Juan Capistrano, CA. The home has a very nice view (1 mile from the ocean), however rumor has it that a construction company will built a school on the empty field right down the street. : Question: In your experience, do homes have a tendency to go up or down in areas where a school is built? Should she sell now before the school is built, or is it not a big deal? : She is worried that the increase in traffic, and noise will bring down home prices in that area. In the other hand, she things that the price of the home might increase a bit, since couples that have kids will want to live close to their childrens school. What do you think? =•=•=•=•=•=•=•=•=•=•=•= Gustavo, Well, Mom can easily determine if the local school district is planning to put a school on the lot by calling the district and asking for their construction department. They will tell her if a school is going up or not, and it’s planned student capacity, etc. Yes, a nearby school can be a bane because of the noise, the milling traffic of parents picking up their kids, and ever-constant evening activity with plays, exhibitions and parent/teacher conferences, etc. But if Mom sells she will just have to find somewhere else to live and that neighborhood may have it’s own unique problems to contend with. I’d adopt a wait-and-see posture rather than expecting the worst. If the busyness of the new school is more than Mom can tolerate then she can sell. I don’t think the wait will affect the salability of her property at all. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward, my mother owns a 4 Bed 3 Bath home in the area of San Juan Capistrano, CA. The home has a very nice view (1 mile from the ocean), however rumor has it that a construction company will built a school on the empty field right down the street. : : Question: In your experience, do homes have a tendency to go up or down in areas where a school is built? Should she sell now before the school is built, or is it not a big deal? : : She is worried that the increase in traffic, and noise will bring down home prices in that area. In the other hand, she things that the price of the home might increase a bit, since couples that have kids will want to live close to their childrens school. What do you think? : =•=•=•=•=•=•=•=•=•=•=•= : Gustavo, : Well, Mom can easily determine if the local school district is planning to put a school on the lot by calling the district and asking for their construction department. They will tell her if a school is going up or not, and it’s planned student capacity, etc. : Yes, a nearby school can be a bane because of the noise, the milling traffic of parents picking up their kids, and ever-constant evening activity with plays, exhibitions and parent/teacher conferences, etc. : But if Mom sells she will just have to find somewhere else to live and that neighborhood may have it’s own unique problems to contend with. : I’d adopt a wait-and-see posture rather than expecting the worst. If the busyness of the new school is more than Mom can tolerate then she can sell. I don’t think the wait will affect the salability of her property at all. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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