Buyers who own two cars also tend to rank closeness to schools higher than nearby shopping, work and other factors, such as public transportation, churches and recreational facilities. It's important for potential buyers to examine what ranks high on their own lists of priorities before they begin the house-hunting process. In that way, they'll have a clear idea of what amenities and services are available in the community they want to join. The value of a house can change after its purchase. However, any change is likely to be gradual and will depend on factors, such as the age of the home.
Older neighborhoods tend to change more gradually.
Houses located near an institution, such as an elementary school, are usually a good investment since their worth is related to a factor that is long lasting, in this case, the school. In some cases, a buyer may want to sacrifice an asset such as proximity to a school, if a larger house farther away is more affordable. Information provided in this column is presented by the Realtor members of the Silicon Valley Association of Realtors.