The survey found that home buyers in sellers' markets were willing to compromise and give up two of the top most desirable home features — a garage (19 percent of buyers who prioritized schools) or an updated kitchen (17 percent), to buy a home in their desired school district.
In addition, buyers said they gave up on their preference for a large yard (18 percent), desired number of bedrooms (17 percent) or an outdoor living area (16 percent) to get into a location within the school boundaries they wanted. According to Realtor.com’s spring buyer survey, a garage was the number one feature buyers were looking for this year, followed by an updated kitchen and an open-floor plan.
While school districts sometimes have the reputation as “good” or “bad,” fair-housing laws require real estate agents to direct their clients to school data or school districts rather than to recommend a school. Realtor.com’s survey found that good test scores were cited by 59 percent of buyers as an indication of a good school, followed by having accelerated programs (53 percent), arts and music programs (49 percent), diversity (43 percent) and before-and-after-school programs (41 percent).
For more information about the survey, click here.