It’s the American dream…to own your own home. But have you considered the specific benefits of home ownership? Studies show the following benefits for home owners:
- Improved tax advantages…thereby lowering your overall tax burden.
- Forced savings program (in the amount of principal paid each month on the mortgage)…especially if the home is appreciating in value (which over the long run, they generally do).
- Stability in house payment each month (whereas rent payments increase over time).
- Freedom! (ability to do with the house what you will…no more landlord approval needed on changes to the interior).
- Improved academic success for children.
- Increased access to economic and educational opportunities.
- Improved quality and stability of the surrounding neighborhood.
- A higher overall quality of life including higher life satisfaction, higher self-esteem, and higher perceived control over their lives.
- Decreased likelihood to become a crime victim.
- Improved structural quality of housing (and high quality structures have been found to also raise mental health of occupants).
- Lower teenage pregnancy rates in children of homeowners.
Read also:
- Is It Better to Buy or Rent? Calculator
- Top 10 Benefits of Owning a Home
- Five Benefits of Home Ownership
Buying & Selling Real Estate Is a Huge Investment
Don’t You Deserve a Five Star Real Estate Agent?
Sheila is the author of KatyHomesForSaleTX.com – so you know that she knows the area! Winner of Five Star award every year since 2010.
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REALTORS DON’T “JUST” SELL HOUSES Real estate agents don’t “just” sell houses; we sell a SERVICE to effectively guide home buyers and sellers through the entire real estate transaction, which usually takes several months. We are more like real estate consultants than we are salespeople. That’s probably why 88 percent of all home buyers and sellers choose to hire a real estate agent when buying or selling a home! Buying or selling a home is not like buying or selling a TV, a computer, or a car. You can’t buy/sell a home on the Internet with a couple of clicks. There are MANY legal aspects, deadlines, and requirements that most people are not trained to handle. What’s more…mistakes along the way can cost you thousands and even hundreds of thousands of dollars. The financial risk is much greater than just about anything else you may buy.
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