Wanted: A child-friendly home

Are you looking for a family-friendly home? You’re in good company. Many people make home-buying decisions on the needs of their children, seeking homes near good schools and with child-friendly amenities and enough bedrooms to accommodate everyone.

According to the National Association of Realtors, nearly half of all home buyers who have children consider the quality of the school district in which a home is located as being a priority in the home search process. Forty-three percent said a close proximity to neighborhood schools was a priority.

The study also found that buyers with children tend to purchase larger homes — an average of 2,100 square feet with four bedrooms and two full bathrooms. Those with no children living with them purchased homes with an average of 1,800 square feet with three bedrooms and two full bathrooms.

According to the study, children affect the home buying process in other ways. For nearly one-quarter of all buyers with children, the cost of child care delayed the home buying process and ultimately led to compromises on the price, style and size of the home purchased.

Looking for a family-friendly mortgage? At PRMI, we have a variety of loan options designed for families with a wide range of incomes, credit scores and needs. Let us help you find the right loan for you and your family.