Blog >Home Buyers Choose Good School Districts Over Other Amenities

Home Buyers Choose Good School Districts Over Other Amenities

bySultan Newman GroupOct 18, 2018

Home Buyers Choose Good School Districts Over Other Amenities

We all know home buyers desire high-performing school districts. But what are they willing to sacrifice for this priority? Plenty, according to a recent survey by Realtor.com.



The survey found that 78% of home buyers place a good school district above other amenities. “School districts are an area where many buyers aren’t willing to compromise,” Realtor.com Chief Economist Danielle Hale noted of the survey’s findings, as reported by CBS MarketWatch. “For many buyers, ‘location, location, location’ means ‘schools, schools, schools’.”


According to MarketWatch, more than half of home buyers (59%) studied test scores to determine a school district’s quality. Others considered whether the school had a gifted and talented program (53%) and art and music education (49%).


Among the amenities they were willing to sacrifice for great schools: a garage (19% were willing to let this go); updated kitchen (17%); number of hoped-for bedrooms (17%) and outdoor living space (16%).


“Of course, buying in a good school district comes with a significant premium as well,” adds MarketWatch, which cites a 2016 Realtor.com study noting that homes in higher-rated school districts were 49% more expensive on average than the median-priced home nationwide.


Reach out to one of the Sultan Newman Group team members and we would be happy to provide you with a school district map so you can see what district is right for your family.


 


ReMax of Cherry Creek


Photo Copyright: Pan Xiaozhen / Unsplash.com


Leave a Reply

Comment*

  • Full Name

  • Phone*

  • Email*

Eric & Joseph Chat Now

Please let me know how can I help you.

Eric   & JosephSultan Newman Group