The True Value of HomeownershipFor BuyersFirst Time Home BuyersBuying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being
The True Value of Homeownership!
Dated: June 1 2023
The True Value of Homeownership
Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides.
Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live.
Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.
You May Feel Happier and More Fulfilled
Owning a home is associated with better mental health and well-being. Gary Acosta, CEO and Co-Founder at the National Association of Hispanic Real Estate Professionals (NAHREP), explains:
“Studies have shown the emotional and psychological benefits that homeownership has on a person’s health and self-esteem . . .”
Similarly, Habitat for Humanity says:
“Residential stability among homeowners is related to improved life satisfaction, . . . along with better physical and mental health.”
So, according to the experts, owning a home can improve your psychological wellness by making you feel happier and more accomplished.
You Can Engage in Your Neighborhood and Grow Your Sense of Community
Your home connects you to your community. Homeowners tend to stay in their homes longer than renters, and that can help you feel more connected to your community because you have more time to build meaningful relationships. And, as Acosta says, when people stay in the same area for a longer period of time, it can lead to them being more involved:
“Homeowners also tend to be more active in their local communities . . .”
After all, it makes sense that someone would want to help improve the area they’re going to be living in for a while.
You Can Customize and Improve Your Living Space
Your home is a place that’s all yours. When you own it, unless there are specific homeowner’s association requirements, you’re free to customize it however you see fit. Whether that’s small home improvements or full-on renovations, your house can be exactly what you want and need it to be. As your tastes and lifestyle change, so can your home. As Investopedia tells us:
As a full-time, professional real estate agent, I pride myself on offering superior personal service before, during, and after your transaction. My knowledge, commitment, honesty, expertise, and profe....
Latest Blog Posts
Keys to Success for First-Time HomebuyersFor BuyersFirst Time Home BuyersDown PaymentsBuying your first home is an exciting decision and a major milestone that has the power to change your
Today’s Real Estate Market: The ‘Unicorns’ Have Galloped OffFor BuyersFor SellersForeclosuresPricingHousing Market UpdatesComparing real estate metrics from one year to another can
We remember and honor those who gave.