How School Factors in Residential Real Estate Investing
A Columbia University alumnus with a master’s degree in real estate development, Aaron Marzwell leverages his decades of experience as a landlord and real estate developer to serve as CEO of APPA Real Estate in Los Angeles, California. In this capacity, Aaron Marzwell oversees APPA’s real estate management and investment operations.
One of the most important factors to consider in real estate investing is location. While it is possible for you to remodel or refurbish a residential real estate property, you cannot change its location. If you are looking to sell or lease your real estate property, you may want to consider the fact that roughly 60 percent of buyers in the real estate market are Millennials, and the majority of these are families who have children in elementary or high school.
The distance from your chosen location to school matters. The rank of surrounding schools also matters. Parents want to enroll their children in schools that can effectively instill knowledge and the desired moral discipline in them. Homes in great school districts are in high demand and consequently appreciate in value.