Survey: Community, lifestyle critical to home-buying process
One in five U.S. homeowners have either moved from their home or would like to move because their neighborhood or community wasn’t ideal for their lifestyle, according to a recent survey by Better Homes and Gardens Real Estate LLC, in collaboration with Des Moines-based media and marketing company Meredith Corp.
“While the relation of price to features has become very favorable in many areas throughout the country, ultimately the surrounding community may determine how happy you are with your home purchase,” said Sherry Chris, president and CEO of Better Homes and Gardens Real Estate.
Survey respondents said they would place more weight on lifestyle criteria in future home searches, favoring family-friendly neighborhoods with easy accessibility to cultural activities such as museums and music venues. Among the top lifestyle criteria listed were: ease of commuting by car (38 percent); access to safety and health services (34 percent); and family-friendly neighborhood (33 percent).
The findings bolster Better Homes and Gardens Real Estate’s assertion that community and lifestyle decisions are critical components of the home-buying process. The findings are also the basis of its new “Lifestyle Search” real estate community selection tool on its bhgrealestate.com website that enables prospective home buyers to perform a community search for important lifestyle preferences such as “Family & Community” and “Arts & Recreation.”
Conducted in April, the online survey polled 1,085 people, 84 percent of whom are homeowners, with an additional 10 percent planning to purchase a home within the next three years.