Why So Many People Fall in Love with Homeownership

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You've probably heard the phrase "home is where the heart is" at least once in your life. There's a reason this is said so frequently. Becoming a homeowner is an emotional experience.

So, if you're deciding whether to continue renting or to buy a home this year, here's why it's so easy to fall in love with homeownership.

Customizing for Your Heart's Desire

Your home should be a reflection of your unique personality. And, as a renter, that can be difficult to achieve. When you rent, the paint colors are usually the standard shade of white, you have little control over the upgrades, and you have to be careful how many holes you make in the walls. However, being a homeowner provides you with a great deal of freedom. The National Association of Realtors (NAR) says:

“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.”

Whether you want to paint the walls a cheerful bright color or a dark moody tone, you can tailor your interior to your personality. Imagine coming home at the end of the day and walking into a space that feels familiar to you.

Increased Stability for the People You Love the Most

One of the most difficult aspects of renting is the uncertainty about what happens at the end of your lease. Is your payment increasing so much that you have to move? What happens if your landlord decides to sell the property? It's as if you're constantly waiting for the other shoe to drop. In a Money Geek article, Jeff Ostrowski, a business journalist who covers real estate and the economy, explains how homeownership can provide you with greater peace of mind.

“Homeownership means you are the boss and have the biggest say in your lifestyle and family decisions. Suppose your kids are in public school and you don't want to risk having them change schools because your landlord doesn't renew your lease. Owning a home would remove much of the risk of having to move.”

A sense of belonging

You may also discover that owning a home makes you feel more at ease in your community. That's because when you buy a home, you're claiming ownership and declaring yourself a member of the community. You'll have neighbors, block parties, and more. And that will make you feel like you're a part of something bigger. The International Housing Association explains:

“. . . homeowning households are more socially involved in community affairs than their renting counterparts. This is due to both the fact that homeowners expect to remain in the community for a longer period of time and that homeowners have an ownership stake in the neighborhood.”

The Emotional High of Achieving Your Dreams

Becoming a homeowner is a journey, and it may have taken a long time to get to the point where you're ready to make the leap. If you are seriously considering leaving your rental and making this commitment, you should be aware that the emotions associated with home ownership are strong. You'll be able to walk up to your front door every day and feel a sense of accomplishment as you enter.

Bottom line.

A home is a reflection of who you are, a safe haven for those you care about the most, and a record of everything you've accomplished. Let's talk if you're ready to leave your rental and buy a home.

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