Millennials are expected to outpace other generations in home buying by the end of 2015. High rents and increases in the number of entry-level homes on the market are suspected to be the forces behind this trend, according to Zillow. Additionally, millennials account for 80 percent of the 4 million annual U.S. births. In the new year, countless millennials will be tasked with buying their first home, many with children or a child on the way. Our team recommends 10 things for new millennial homeowners and parents to pay attention to when purchasing a home in 2015:
1. School district. Do you plan on staying in this home for more than a few years? Depending on the age of the children, research the elementary, middle, and high schools in the home’s district. Long-term planning is key for education. Use websites like GreatSchools.org for reviews of schools and average test scores.
2. Distance of master bedroom to other bedrooms. If you are viewing a two-story house, are they on the same or different floors? Do you have a young child that would need to be close to your room?
3. Potential property hazards. Keep an eye out for trip hazards around the property where a child, another family member, or visitor may get injured. For example, tree roots, uneven concrete slabs, stairs, etc.Fencing, full or partial.
4. Fencing prevents young children from running into the street and animals from escaping or entering your property.
5. Megan’s Law Database. This database is a complete online list of registered sex offenders in California and their home addresses. When researching houses, run a home’s address through the database for more knowledge on the nearby surroundings and safety level.
6. Pool safety measures. If a pool is desired, it needs to have appropriate safety precautions to keep children out, such as fencing, gates, and/or a pool cover.
7. Location on the street and surroundings. Is the house on a busy street or would you prefer a less trafficked cul-de-sac? Check out the level of activity of cars and speed, considering children like to play outside and partake in outdoor activities out front.
8. Age of neighborhood children. It’s always a positive when children in the neighborhood are around the same age as your child. This encourages physical and social activity.
9. Availability of community pools, spas, tennis courts, recreation centers, and/or parks.
10. Community sports leagues are available based on the child’s interest.
