Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good Schools
Naples Homebuyers Sacrifice Must Haves for Best Schools
It should come as no surprise that buying a home in a good school district is important. According to a report from Realtor.com, aged 35-54 indicated that their home search areas were defined by school district boundaries.
Naples Homebuyers Sacrifice Must Haves for Best Schools. What is surprising, however, is that 78% of recent homebuyers sacrificed their “must-have” lists In order to find homes within their preferred school districts.
The top feature sacrificed was a garage at 19%. A large backyard, an updated kitchen were less important than schools. The desired number of bedrooms, and an outdoor living area were considered less important also. The full results are shown in the graph below.
Buyers are attracted to schools with high test scores, accelerated academic programs, art and music programs, diversity, and before and after-school programs.
With a limited number of homes available to buy in today’s real estate market, competition is fierce for homes in good school districts. Danielle Hale, Chief Economist for Realtor.com, explained further,
“Most buyers understand that they may not be able to find a home that covers every single item on their wish list, but our survey shows that school districts are an area where many buyers aren’t willing to compromise.
For many buyers and not just buyers with children, ‘location, location, location,’ means ‘schools, schools, schools.’” (emphasis added)
For buyers across the country, the quality of their children’s (or future children’s) education ranks highest on their must-have lists. Before you start the search for your next home, let’s get together to discuss the market conditions in our area. I’ve been a full time REALTOR® in the Lely Resort and Greater Naples area for 13 years. If you like see what my customer have to say CUSTOMER TESTIMONIALS
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