To the surprise of some, having the most updated kitchen and bathrooms is not the driving force behind a families decision to buy a home. Turns out, 73 percent of homebuyers were more concerned about living in an area with a good school district.
Your first thought is probably “well sure, adults with children would be more concerned about schools”, right? The study did not find this to be true. 18 percent of homebuyers felt a school district was unimportant in their home buying decision while 9 percent were neutral.
Homebuyers In A Sellers Market
According to the survey, home buyers looking in a seller’s market were willing to give up two things normally high on all buyers must have lists – a garage and an updated kitchen to move into their desired school district.
The survey went even deeper finding that 18 percent of buyers were willing to give up on a large yard. 17 percent an extra bedroom. 16 percent were willing to give up a large outdoor living area for the proper school district. This is surprising since a survey of buyers performed by realtor.com in the spring showed all three of the above being top of buyers must have lists with a garage being number one.
Where Do You Find Good Schools?
How does the consumer learn about a school districts status if they aren’t familiar? Fair-housing laws require real estate professionals to refer potential buyers to school data or districts. They do not want real estate agents giving their opinion of what is good or bad in their opinion. When looking for strong schools, buyers should look into schools with a few different categories that often lead to high scores. Schools with good state test scores, accelerated learning programs, offer arts and music programs and offer after-school programs. Any school that ranks high in testing and offers all the above should be ranked high in the County.