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Kids Play A Huge Role In Home Purchases

There’s a lot to consider when buying a house, like the neighborhood, how many bedrooms, how many bathrooms, etcetera, and according to a new survey, it isn’t only adults weighing in on such decisions.

A survey by SunTrust finds that when buying a new home, 55% of folks with kids under the age of 18 factor in the opinion of their child. And for younger parents it’s even more, with 74% of those ages 18 to 34 with kids considering their child’s opinions when making he purchase.

Not surprising, kids have certain wants that may be totally different than what’s on their parents’ wish list. Among kids’ biggest requests when buying a house:

  • Their own bedrooms (57%)
  • Large backyards (34%)
  • Proximity to parks/activities (25%)
  • Schools (24%)
  • Friends (24%)
  • Swimming pools (21%)

And apparently folks who are currently renting put even more stock in their kids’ opinions than those who already own a home. Overall, 83% of renters say their kids’ opinion will play a huge role in which home they will buy.

Source: Market Watch

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