When It Comes to Homeownership Decisions, Pets Rule
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A lot goes into the decision to buy, sell or remodel a home. After all, this is one of the most significant investments of your lifetime, so there are a lot of factors to be weighed and considered…including how happy your pet will be.
Yes, you read that right. In fact, 81 percent of respondents to a recent report from the National Association of REALTORS® (NAR) reported that animal-related considerations play a role in determining their next living situations. In 2016, 61 percent of U.S. households either had a pet or planned to get one in the future, so it stands to reason that our animal companions will play a significant role in our housing decisions for the foreseeable future.
According to NAR’s 2017 Animal House: Remodeling Impact report, 99 percent of pet owners said they consider their animal part of the family, and 89 percent of those surveyed said they would not give up their animal because of housing restrictions or limitations. In fact, 12 percent of pet owners have actually moved in order to accommodate their furry, finned or feathered family member, and 19 percent said they would consider moving to accommodate their animal in the future.
No one knows the relationship between homeowners and their animal friends better than REALTORS®. Those surveyed for the report said that one-third of their pet-owning clients often or very often will refuse to make an offer on a home because it is not ideal for their pet.
Other interesting statistics from the report include:
- 67 percent of REALTORS® say animals have a moderate to major effect on selling a home. If you’re selling your home, make sure you’ve cleaned or replaced any areas affected by pet damage or odors.
- 52 percent of respondents said they had completed a home renovation project specifically to accommodate their pet, such as fencing in their yards, adding a doggie door or installing a pet-friendly laminate flooring.
- 80 percent of REALTORS® consider themselves animal lovers, so you’ll have lots of support in accommodating your pet’s housing needs when buying!
Maria Patterson is RISMedia’s executive editor. Email her your real estate news ideas at email@example.com.