Have you been renting and thinking about buying a home? The benefits of owning a home go beyond having something to call your own! Typically considered one of the safest investments a person can make, there are several other benefits of homeownership. If you’re feeling financially secure, the time to act is now.
75% of non-homeowners in the United States consider buying a home to be part of their American dream, and they plan to jump in eventually.
Homeownership Provides:
A Place to Call Your Own- Your home creates a sense of security and belonging in your community, knowing that you have a piece of the neighborhood that’s all yours.
A Reminder of Your Achievements- Whenever you walk through the front door, you are reminded of the effort that went into obtaining that home in the first place and achieving that goal.
Financial Benefits of Homeownership:
Grow Your Personal Fortune- The average homeowner has 44 times the net worth of a renter. Owning your home boosts your own worth and lets you accumulate more wealth over time.
Get More Tax Benefits- You can write-off mortgage interest and property taxes in most cases, saving you money come tax time.
Secure an Investment That Isn’t Going Anywhere- Whether you fix it up, rent it out or re-sell it, real estate’s value tends to increase the longer you have it, and are often less volatile than stock investments.
Not only does homeownership benefit you, but it also impacts the world around you!
Creates Stronger Families- When you have a home base that’s all yours, studies show that emotional stability increases among family members.
Kids Perform Better in School- Children raised in a home that’s owned by the family find more success in math and reading and have fewer behavioral problems.
Stronger Sense of Community- People who own homes are more active in their community, doing more to ensure that their property remains in a neighborhood that is supportive, safe and beautiful.
If you or someone you know is looking to buy or sell Real Estate, give us a call! We have a team of trusted real estate advisors that can help you achieve your real estate goals, whatever that may look like for you!
603.435.7151
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