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With school-aged children in your home, buying or selling a house can take a different approach. Finding the right size, location, school district, and more is essential. Here are some things to keep in mind when you’re ready to move with your family.
Location and Neighborhood
When it comes to finding a house that meets the needs of your school-aged children, location is critical. You’ll want to be close enough to their school for them to walk or take the bus, but not so close that there’s too much traffic or noise. You’ll also want to make sure there are plenty of things to do in the area, like parks, playgrounds, and after-school activities.
The school district is also an essential factor when having kids in school. 53% said the quality of the school district is a vital factor when purchasing a home, and 50% select neighborhoods for the convenience of the schools.
House Size
When considering a move, think about how much space your family will need now and in the future. As your children grow, you may need more space. 36% of parents with kids under 18 said they need more living space than they currently have.
National Association of Realtors®(NAR) reported that buyers with children purchase larger, detached single-family homes with four bedrooms and two full bathrooms at approximately 2,110 square feet.
Finances
Of course, budget is always a consideration when buying or selling a house. 26% noted how childcare expenses delayed the home-buying process and forced additional compromises: 31% in the size of the home, 24% in the price, and 18% in the distance from work.
Be sure to factor in after-school care, extracurricular activities, and tuition for private schools into your budget when you are house hunting.
Selling Your Current Home
“When buying or selling a home, exercising patience is beneficial, but in some cases – such as facing an upcoming school year or the outgrowing of a home – sellers find themselves rushed and forced to accept a less than ideal offer.”
For sellers with children, 21% want a real estate professional to help them sell the home within a specific time frame, 20% at a competitive price, and 19% to market their home to potential buyers.
Bottom Line
Buying or selling a home can be driven by different priorities when raising a family. If you’re a seller with children and looking to relocate, contact me, and I can help you navigate the process in the most reasonable time frame for you and your family.
Keri Johnson works hard for her clients. The home buying process for Keri focuses on the person. The client’s needs and desires are Keri’s priority. It is more than a transaction, it is a relationship.
