A recent survey conducted by Harris Poll and released by SunTrust Mortgage found that â€œ55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.â€?
When the results were broken down by the parentâ€™s age, millennials (those 18-36) led the way with 74% of homeowners saying that their childâ€™s opinion was a factor in choosing which home to buy. Eighty-three percent of renters believe that their childâ€™s opinion would be a deciding factor when looking to purchase a home.
So what features in a home are most important to kids?
Coming in at 57%, it should come as no surprise that gaining their own bedrooms was the top most-desirable feature of any home for kids, followed by a large back yard to play in at 34%.
Todd Chamberlain, Head of Mortgage Banking at SunTrust explained the reasoning behind the survey,
â€œAs a parent of two kids, I know from experience that including children in the home buying process is not only fun for the whole family, but also educational for our homebuyers of tomorrow.â€?
If youâ€™re thinking about selling your home this year, make sure to highlight all the kid-friendly features your home has to offer so that you can sway the real decision makers.
Source: Keeping Current Matters