School boundaries are major factor in home-buying decision, survey finds

Posted by David Ellis on Tuesday, August 20th, 2013 at 8:45pm.

School boundaries are major factor in home-buying decision, survey finds

As kids begin to go back to school, a new survey is out that suggests location to schools is a major factor in people's home-buying experience.  The survey done by Realtor.com states three out of five home buyers say school boundaries will affect where they purchase a home.  According to Realtor.com, almost 60% of home buyers would go over budget anywhere from 1% to 20% to obtain a home in their desired school boundaries while just over 40% would not.

For those home buyers that said school boundaries will affect where they purchase a home over 90% stated it was important¬Ě to somewhat important.  Those same home buyers are also willing to give up several amenities to live in the school boundaries of their choice.  Those amenities included a spa and/or pool, accessibility to shopping centers, a bonus room in the home and nearby park and trails.

The question to ask is:  Do I want to give my child a shot at the best education possible?  And see where it leads you in your home search.

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