Nick, & Cindy Davis

The strength of Kidfluence When It’s Time for you to Purchase a Home

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While parents could have a handle on the household budgets, it’s the children who influence the most significant purchase decisions you will be making as a family-a new home (kidfluence). In the U.S., there’s 50 million children 11 years old and under who have a significant $1.2 trillion in annual purchasing power and they mean business. We’re not simply referring to their mini-opinions on everyday purchased like food, clothing and toys; their influence extends to larger life purchases including cars, vacations and yes, even homes.

The strength of Kidfluence When It’s Time for you to Purchase a Home

The strength of Kidfluence When It’s Time for you to Purchase a Home

 

Based on a recent Harris Poll, 55% of homeowners with a child under 18 said the opinion of their child played a part in their home buying decision. For millennial parents, the influence actually reaches nearly 75%-now that’s some kidfluence.

While parents study and search for the very best school zones, other home features like having their own room, a massive backyard and a swimming pool were more popular to the Mini-Me in the family. This could certainly explain the reasons why couples move out of the city to suburbs when they start a family-even as some urbanists continue to stay put in city life raising their city kids.

Determining the best home that’s just right for your family begins with selecting the best agent. Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you. We are always available at 813-300-7116 or simply click here and we will be in touch with you soon.

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(all data current as of 11/22/2024)

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