I spend a lot of time talking to home owners as well as potential home owners. Almost universally at some point, the conversation will turn to schools. Most savvy home owners understand that whether they have kids in school or not, the value of their home will have some correlation to the quality of the public schools. The degree to which this is true is up for debate, but a recent conversation that I had with a couple illustrates the point beautifully.
This couple has rented a home in Prairie Oaks for about a year. They have two elementary age children bursting with energy and enthusiasm. The wife, Anna has worked in Folsom for the past 5 years, and until this past year had been commuting from Elk Grove. Over the course of time, she had gotten to know her work colleagues, many of which lived in Folsom. When conversations regarding children came up, she was always impressed with how enthusiastic Folsom residents were about their schools. One school in particular seemed to come up in conversation over and over – Sandra J. Gallardo Elementary. The school is situated in the heart of Prairie Oaks, is close to Folsom High, and is just a short distance from the intel campus. The popular website GreatSchools gives the school a GreatSchools Rating of 10 out of 10, it’s highest rating. In addition, the 2010 API score for Sandra J. Gallardo is a blistering 947. If you do any due diligence regarding school ratings you will discover that these are outstanding scores.
Over time and with a little investigation, Anna became convinced that she wanted her children to have the kind of experience that she kept hearing about from other parents at work. The family put their dreams of home ownership on hold. They decided to let go of their lease in Elk Grove and move the family to Folsom. They searched and searched and were able to find a rental home right in Prairie Oaks. Now with the kids in school and their financial situation improving, they are out looking for a home to purchase.
Any guess on where they want to live?
Only one choice makes sense, Prairie Oaks. They are on a mission and I have every intention of helping them make it happen.
So, of course it is not my intention to hold up Sandra J. Gallardo above other schools in Folsom. I have met many folks who are just as passionate about their outstanding Folsom school and that is precisely my point. You better believe that these Folsom schools make a big difference in the value of the surrounding homes. If you own a home in the suburbs, the quality of the public school system has a direct effect on your property values. You want to invest your property tax dollars into schools that will support that value.
Long ago I did business with a very wise older gentleman. He was a salesman and I was a buyer with Macy*s. I was always beating him up for the lowest price and he would always remind me that it’s about the best value, not the lowest price.