How Kids Change the Homebuying Process

Having children can drastically influence homebuyers' budgets and wish lists, Zillow reports.

Buyers with children at home are more likely to go over budget (25.7%) than those without (21.2%), perhaps to attain the location and amenities on their long wish lists.

Still, the majority of buyers with kids at home stay within their budgets (74.3%), often because they make compromises. Two-thirds (66.5%) made some type of compromise to stick with their budgets, considerably more than the 51.6% of buyers without kids.

Among parents who made such a compromise, the top ones were increasing their commute (34.1%), purchasing a home without their desired finishes (32.7%) and purchasing a smaller home than planned (31.2%).

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