Every homebuyer has a must-have list in their minds when choosing their dream home. Anything from walk-in closets, to a carport for four to backyard patio. Admit it, you have one in mind too. Here are the top five must-have items people are willing to cross out their list just to get a home within school districts.
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.”
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, meet with a local real estate agent who can explain the market conditions in your area.