Purchasing a home is one of the biggest decisions a person can make during their lifetime. After all, where you live determines many factors about your life, including where you work, worship or even send your children to school.
As back to school season approaches, a recent report from the National Association of REALTORS highlights the different purchasing and selling habits of Americans, revealing that a significant share root their home purchasing decisions in school district quality.
“Parents inherently make sacrifices for their children and family, and that is no different when shopping for a home,” NAR chief economist Lawrence Yun said. “Of course, affordability is a part of the decision, but we have seen buyers with kids willing to spend a little more in order to land a home in a better school zone or district.”
According to the company, the starkest difference between homebuyers that have children under the age of 18 and those who do not, is the influence of the neighborhood.
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The Hebert McMahon Realty Group