Are Schools that important to Buyers in choosing a Home?

school for kidsRealtor.com announced the results of its Back to School survey, which looks at the impact school boundaries have on buyers looking to purchase a home within two years. Realtor.com® found that three out of five home buyers surveyed said school boundaries will impact their home purchasing decision.

A majority of home buyers who said school boundaries will have an impact are willing to pay 1 percent to 10 percent above budget to live within school boundaries.  Of those surveyed, 91 percent said school boundaries are “important” or “somewhat important,” while only 7.43 percent said school boundaries are “unimportant” or “very unimportant.”

Home buyers who said school boundaries will have an impact on their decision also indicated that they would give up several amenities to live within school boundaries of choice:

  • 62 percent would do without a pool or spa
  • 51 percent would give up accessibility to shopping
  • 44 percent would pass on a bonus room
  • 42 percent would offer up nearby parks and trails

More info

Click HERE to watch a video on “What you DON’T want to do before you Buy that Home.”

Keller Williams Realty-Linear-Black-Print

CA BRE # 01929144

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