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Marx-Bensdorf logo
  • Home
  • About
    • Our Realtors
    • Real Estate Resources
      • FAQs About Memphis
      • FAQs For First Time Home Buyers
      • Common Real Estate Terms
    • Our Leadership and Support
    • Community Outreach
    • Memphis Real Estate Blog
  • Our Agents
    • Carrie Anderson
    • Cathleen Black
    • Jeff Blakeney
    • Melanie Blakeney
    • Ashley Bonds
    • Melody Bourell
    • Katie Nichols Cook
    • Jon Dickens
    • Kelly Erb
    • Robin Fauser
    • Golda Frankland
    • Rip Haney
    • Lita Hurston-Reed
    • Laurence Kenner
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Carrie Anderson image
Carrie
Anderson

(901) 237-2735

anderson@m-brealtors.com

Cathleen Black image
Cathleen
Black

(901) 682-1868

cblack@m-brealtors.com

Melanie Blakeney image
Melanie
Blakeney

(901) 489-6974

mblakeney@m-brealtors.com

Jeff Blakeney image
Jeff
Blakeney

901-237-4542

jblakeney@m-brealtors.com

Ashley Bonds image
Ashley
Bonds

(901) 485-2179

abonds@m-brealtors.com

Melody Bourell image
Melody
Bourell

(901) 461-4016

mbourell@m-brealtors.com

Katie Cook image
Katie
Cook

(901) 628-3065

kcook@brealtors.com

Jon Dickens image
Jon
Dickens

(901) 496-5702

jdickens@m-brealtors.com

Kelly Erb image
Kelly
Erb

(901) 355-3830

kerb@m-brealtors.com

Robin Fauser image
Robin
Fauser

(901) 494-0355

rfauser@m-brealtors.com

Golda Frankland image
Golda
Frankland

(901) 229-3083

gfrankland@m-brealtors.com

Rip Haney image
Rip
Haney

(901) 351-2190

rhaney@m-brealtors.com

Lita Hurston-Reed image
Lita
Hurston-Reed

(901) 682-1868 Ext. 326

lhurston-reed@m-brealtors.com

Laurence Kenner image
Laurence
Kenner

(901) 351-4210

lkenner@m-brealtors.com

Maria Krahn image
Maria
Krahn

(901) 481-0253

mkrahn@m-brealtors.com

Elizabeth Kuhlo image
Elizabeth
Kuhlo

(901) 356-5452

ekuhlo@m-brealtors.com

Jake Lawhead image
Jake
Lawhead

(901) 682-1868

jlawhead@m-brealtors.com

Tracy Dougan Lombardo image
Tracy Dougan
Lombardo

(901) 581-3257

tlombardo@m-brealtors.com

Jerry Lucius image
Jerry
Lucius

(901) 355-3076

jlucius@m-brealtors.com

Diane Benson Malkin image
Diane Benson
Malkin

(901) 604-8245

dmalkin@m-brealtors.com

Hugh Mallory image
Hugh
Mallory

(901) 497-9756

hmallory@m-brealtors.com

Mindy Okeon Mattingly image
Mindy Okeon
Mattingly

(901) 246-1060

mokeon@m-brealtors.com

Thomas Murphree image
Thomas
Murphree

(901) 359-3847

tmurphree@m-brealtors.com

Jordan Nichols image
Jordan
Nichols

901-682-1868

jnichols@m-brealtors.com

Mike Parker image
Mike
Parker

(901) 277-7275

mparker@m-brealtors.com

Barby Perlberg image
Barby
Perlberg

(901) 619-8543

bperlberg@m-brealtors.com

Jimmy Reed image
Jimmy
Reed

(901) 682-1868 ext. 303

jreed@m-brealtors.com

Sheldon Rosengarten image
Sheldon
Rosengarten

(901) 682-1868

shelrose@memphisrelocate.com

Marcy Seidel image
Marcy
Seidel

(901) 422-1665

mseidel@m-brealtors.com

Stephanie Sheahan image
Stephanie
Sheahan

(901) 412-8600

ssheahan@m-brealtors.com

Myra  Sheddan image
Myra
Sheddan

901-870-0154

msheddan@m-brealtors.com

Melonie Sain Simpson image
Melonie Sain
Simpson

(901) 682-1868

msimpson@m-brealtors.com

Jim Simpson image
Jim
Simpson

901-484-0792

jsimpson@m-brealtors.com

Alta Simpson image
Alta
Simpson

901-484-6040

asimpson@m-brealtors.com

Angie Street image
Angie
Street

(901) 481-5560

astreet@m-brealtors.com

David Tester image
David
Tester

(901) 351-3439

dtester@m-brealtors.com

Jenny Vergos image
Jenny
Vergos

901-634-2271

jvergos@m-brealtors.com

Ward Walthal image
Ward
Walthal

(901) 634-6900

wwalthal@m-brealtors.com

John West image
John
West

(901) 682-1868 ext. 389

jwest@m-brealtors.com

Lauren Harkins Wiuff image
Lauren Harkins
Wiuff

(901) 859-3565

lharkinswiuff@m-brealtors.com

Monday, April 20, 2020

Buying a Home Near a School - What You Need to Know

Should You Buy a Home Near a School?

So, you found your dream home… but it is right near a school. Is that a good thing or a bad thing? It all depends on who you ask. There are positives and negatives to everything, including house location. We will cover the pros and cons of living near a school so that you can make an educated decision.

Pros of Living Near a School

Increased Home Value

Buying a house near a school may actually increase your property value, leading to a higher resale price. By living close to a school, you may be able to set a higher listing price when you do decide to sell. As the old adage goes, “Location, location, location!” A lot of people are willing to pay premium prices for a house in a desirable neighborhood near a school.

Adult Classes

Many schools will allow outside organizations to hold adult classes at the school after hours. This could include anything from a GED program to a financial seminar to a quilting group. Adult classes are a great way to get in some socialization time not too far from your house. 

A Safe Neighborhood

The neighborhoods surrounding a school can be among the safest. Not only are there regulations on who can live near a school, but police may patrol areas surrounding a school more often. Additionally, many schools now have cameras or other security surveillance systems in place. This increased police presence and continuous monitoring can result in safer neighborhoods.

Walking Distance

Especially if you have elementary or middle school children, knowing that your kids can safely walk to and from school is a huge bonus. When they are old enough to walk to school by themselves, you will have peace of mind knowing that they are nearby. Before they are old enough, you can make it a daily routine to walk them to and from school, creating lasting memories.

Lower Speed Limit

There are usually lower speed limits near schools. This may also include a harsher penalty for someone who speeds in a school zone. Because of this, car traffic is usually nice and slow in the neighborhoods surrounding a school.

Part-time Neighbors

In Tennessee, schools are only in session for 180 days out of the year. This means that for the remaining 185 days, there is usually no one at the school. Exceptions can be made for sports teams that practice over breaks or over the summer. Regardless, this means that it will likely be even more quiet and peaceful in the neighborhood when school isn’t in session. 

Cons of Living Near a School

Increased Traffic 

During certain times of the day, there is guaranteed to be increased traffic when you live by a school. These times will likely be before and after school, but you could also see some increased traffic during the day if they hold parent assemblies or other special activities or events. Something else to consider is the likelihood of more car pollution due to increased stop-and-go traffic.

Noise Level

There can be a higher noise level in your neighborhood if you live near a school. This can be from kids playing, loudspeakers, school bells, cars, and more. If you live near a middle or high school, there could be increased nighttime noise and/or bright lights due to sports games or after-school activities. 

Parking Issues

Especially when there is an event or game, you could face parking issues. Once the school parking lot fills, overflow parking will typically spill into the surrounding neighborhood. It can also lead to increased noise and trash from people walking to and from their cars and the school. This is something that you will need to consider when deciding if you should buy a house close to a school.

May Sometimes Make It Harder to Sell

While there are plenty of people who do want to buy a home near a school, there are some who don’t. While you may not have a problem with selling when that time comes, there is the possibility that it could take a little longer to find the perfect buyer who appreciates all that living near a school has to offer.

Emergencies 

While we hope it never happens, sometimes emergencies occur at schools. If a school goes into lockdown, the surrounding neighborhoods could go into lockdown as well. There are also routine fire alarms and drills, which can be loud during the day, as all of the students gather outside. In the event of a major natural disaster, such as a tornado, earthquake, or flood, schools are usually used as shelters, leading to potential parking issues, more traffic, and extra noise.

Call the Real Estate Professionals at Marx-Bensdorf

We know Memphis and the rest of the Mid-South like the back of our hand. If you are searching for a new home or want to sell your existing one, the experienced REALTORS® at Marx-Bensdorf can help. We have served Memphis, TN and the surrounding areas with all of their real estate needs for over 150 years. Call us today at 901-682-1868! We will use our market knowledge, real estate expertise, and personalized customer service to make the home buying or selling process a breeze.

Speak to a Realtor
Posted by David Tester at 10:35 AM
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