Why Homeowners Are Thankful They Own
Numerous people have embarked on the exciting journey of homeownership. Ask around, and you'll find that the vast majority are glad they took the plunge and purchased a home. But why is this so? It's because there are numerous emotional and lifestyle benefits to being a homeowner.
So, if you're trying to decide whether to rent or buy a home, here are just a few of the many advantages you could enjoy if you buy.
It serves as a safe haven.
Owning a home entails more than just having a roof over your head. It gives you a sense of security and safety. Indeed, according to a Fannie Mae survey, "having a sense of privacy and security" is one of the top reasons people prefer homeownership over renting. According to a different Fannie Mae survey, one of the top benefits of homeownership is "living in a place where you and your family feel safe."
Your home is a place where you can truly unwind and relax. Knowing you have a safe place to go at the end of the day is a great source of comfort.
It serves as a blank canvas for self-expression.
For many homeowners, their home reflects their personality. According to the National Association of Realtors (NAR),
“The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.”
Every detail, from the color of the front door to the art on the walls, contributes to a distinct expression of personal style. Simply put, owning a home allows you to make changes and improvements that reflect your personality.
It makes you feel more a part of the community.
Another important aspect of homeownership is stability. The longer you stay in one place, the more emotionally connected you are to it. For example, if your neighborhood hosts cook-outs, block parties, or other events, you'll feel more engaged and likely form meaningful relationships with those in your community. According to the NAR:
“Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community.”
The sense of community, where you can make lifelong friends, provides more stability and predictability than moving every time a rental lease renews.
It is here that lifelong memories are formed.
Not to mention, your home will be the site of many memories. It serves as a setting for your life's stories. Celebrating milestones, hosting gatherings, and amassing a treasure trove of special moments within the confines of your own home is a heartwarming experience for which you should be grateful.
Remember why so many people are glad they did when you start thinking about buying a home. Home ownership is more than a financial decision. It's about having a stable environment in which to create lasting memories. Let's talk if you're thinking about buying a house and want some advice.