Blog

Apr
26
NAR Survey Shows Value of Pets When Buying and Selling

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A recent survey lead by National Association of Realtors, The 2017 Animal House: Remodeling Impact has revealed how valuable pets are to homeowners and its weight of impact on buying or selling a home. Owning a pet can be troublesome when planning to buy or sell with various housing restrictions for buyers to intensive house cleansing for sellers. According to this survey a majority of homeowners who own pets are willing to make the sacrifices as they highly consider their pets as members of their family. Survey results almost reaching 100% when asked if they consider their pet as part of the family with a majority saying they would refuse an offer if it was not ideal for their pet. Eighty-nine percent of those surveyed said they would not give up their animal because of housing restrictions or limitations. Twelve percent of pet owners have moved to accommodate their animal, and 19 percent said that they would consider moving to accommodate their animal in the future. These results show the great impact of pets and their importance within the real estate market. Further research by NAR lead into home renovation projects and their direct correlation to the homeowners happiness. Half of those surveyed had renovated their home to accommodate the needs of their animal whether it was adding in a fence, dog door, or putting in laminate flooring. Ninety-four percent of consumers indicated that they were satisfied with their renovation, 58 percent indicated they have a greater desire to be at home, and 62 percent enjoy spending more time at home since completing their renovation. The love of our animals takes precedence over any financial decision when choosing a home and finding a home that works well with your pet increases personal happiness and love of home.


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