Majority of Buyers Favor School District Over Home Features
Monday, November 19, 2018
Like the old saying goes, when it comes to homeownership, the most important thing? Location, location, location.
According to a recent report from Realtor.com, getting their kids into the right school was the top priority for a huge portion of buyers. And those buyers were more than willing to give up other features in order to buy a home in their desired school district.
According to the report, a whopping 91% of buyers with children (and 73% of buyers total) said that school boundaries were "important" or "very important" to their search. And of the buyers that purchased a home in their desired school district, 78% willingly gave up desired home features—like a garage, large backyard, or updated kitchen—in order to make sure they got their children into their school of choice.
When you invest in a home, make sure it's in a good school district, whether you have children or not—for many buyers, it's one point they're just not willing to negotiate on.