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Do Kids' Opinions Impact Home Buying Decisions? What Kids Want...

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Real Estate Agent with Coldwell Banker Realty 179530

 

Do Kids' Opinions Impact Home Buying Decisions?

A recent study by SunTrust Mortgage says the answer to this question of whether kids impact home buying decisions is a pretty definitive YES!

55% of home buyers surveyed by Harris Poll on behalf of SunTrust indicated that their children's opinion of a home was a factor in a home selection. And for Millennials... this number was an astonishing 74%! In other words, among millennial families buying a home, three out of four factored their children's opinion into their home buying decision.

Also interesting was the fact that 83% of home renters surveyed said that when they would buy a home they would factor in their children's opinions. Other studies have shown that 70% of GenX parents also make home buying decisions around their children. (As an early Baby Boomer, myself, I found this astonishing... as I can't ever imagine my parents asking me for my opinion on where we would live.)

 

What Kids Want In A Home:

  • Overwhelmingly (and not surprisingly) 57% of children want their own room.
  • 34% would like to have a large backyard. 
  • 25% would like to be close to parks.
  • 24% want to be close to their schools and friends.
  • 21% would like to have a pool.

 

Do Kids Impact House Buying Decisions?

 

 

  This information about how much kids impact home buying decisions is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area residential real estate experts.

 

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Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Show All Comments
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, it is cute listening to the kiddos and their "take" on a home.    The room choice is important.

Jun 02, 2018 06:03 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Nina Hollander children are a main factor with decision making.... schools, sports, playgrounds and so many more factors are important with decision making and they all point to the children....

Jun 02, 2018 06:11 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Nina Hollander, schools are very important for families with children, other than that, most of my clients make their decisions based on what's important to them. 

Jun 02, 2018 06:25 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I am not surprised at all by the results of this study, kids play a huge role in our lives!

Jun 02, 2018 06:37 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kat Palmiotti ~ hi Kat... I grew up in a home with one bathroom shared by all family members... now I show homes to families where each kid thinks to "normal" never to share a bathroom.

Jun 02, 2018 06:57 AM
Abby Stiller

Same here!

Jun 02, 2018 10:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England ~ hi Brian... I can tell you that I'm from a generation where kids didn't have that much say in major decisions like this.

Jun 02, 2018 06:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Beth Atalay ~ hi Beth ... schools are always an important consideration... what is interesting about this study is how much "say" kids have in their parents' decision on what to buy, which was not the case for my generation.

Jun 02, 2018 06:59 AM
Beth Atalay

You're absolutely right about that Nina Hollander 

Jun 02, 2018 07:15 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox ~ hi Joan... no doubt kids are cute... but I wonder how much say they should have in the selection of a home. Selecting a room in a new home is one thing, opining on how their parents spend hundreds of thousands of dollars is another.

Jun 02, 2018 07:00 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Barbara Todaro ~ hi Barbara Todaro... no doubt these all are important consideration for parents when choosing a home... what is interesting to me because it's not something I experienced as a child or did as an adult, is how much say parents give their kids in the selection of a home. I don't believe I'd do it now. And I have many clients who give their children no say... once they select a home they are happy to show the home to their kids; they are happy to let them choose their rooms... but to let them choose the home,not so much.

Jun 02, 2018 07:03 AM
Barbara Todaro

I've never experienced that with over a thousand new homes listed.... 

Jun 02, 2018 07:08 AM
Nina Hollander, Broker

Barbara Todaro ~ hi Barbara... I've had parents bring young kids to all showings and ask their opinion on each and every house.

Jun 02, 2018 08:23 AM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

This doesn't totally surprise me, and I do notice the families we work with factor in their children's opinions. However, I've never seen the younger set make or break the deal based on a need. 

Jun 02, 2018 08:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Debb Janes EcoBroker and Bernie Stea JD ... I'll admit that on the whole I prefer it when young kids are not in the equation. 

Jun 02, 2018 08:24 AM
Abby Stiller
TOP SELLING REALTY - Cape Coral, FL
SW Florida (239) 284-8637

Hi Nina Hollander so basically according to this study kids make the decisions for their parents when buying a home which I find this sad... it seems kids want "everything" in these days

Jun 02, 2018 10:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Abby Stiller ~ hi Abby...it's hard to say if kids make the decision, but they certainly have much more say in the decision that when I was a kid or even a young adult.

Jun 02, 2018 10:38 AM
Abby Stiller

Totally agree with you!

Jun 02, 2018 10:47 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Kids definitely affect the decision process Nina Hollander BUT my kids opinion had no influence on my decision when we moved as they were only 3 and 1 years old.

Jun 02, 2018 02:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm hi Bob... it wouldn't have mattered to my mother if I was 3, or 13... she would never have asked my opinion.

She first asked my opinion when I was 30 something and she was buying a coop in NY. I looked at it, said I didn't care for it, that she was nuts to buy on the fourth floor in an early 20th Century building with no elevator. And what she said to me was "she didn't care, she was buying it anyway." So much for offering an opinion even when asked!

Jun 02, 2018 03:05 PM
Bob "RealMan" Timm

I doubt I ever would have had any influence over my parents home buying either Nina Hollander . I probably would have been shocked had they asked even when I was 30.

Jun 02, 2018 04:13 PM
Nina Hollander, Broker

Bob "RealMan" Timm ~ well, my Mom asked... but she didn't listen!

Jun 03, 2018 04:28 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- I can't speak to what buyers are looking for because I'm not "on the streets" but I do remember when our friend's children all wanted a 2 story house. 

Jun 02, 2018 03:16 PM
Golden1 Agents
San Mateo, CA

Thank you for sharing.

 

Jun 02, 2018 11:17 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib ~ hi Kathy... well, here in Charlotte, 2-story homes "rule!"

Jun 03, 2018 04:28 AM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

When I worked with buyers who had families the first thing kids did at a listing is scramble to claim their bedrooms. Many wanted the master.

Jun 03, 2018 01:05 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joe Pryor ~ hi Joe... we must have had the same clients! Amazing how many kids think they can appropriate the owner's suite for themselves!

Jun 03, 2018 03:03 PM
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