How Homeownership Impacts Your Life
June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. Here are some of the benefits you'll experience when you do.
>>The Emotional Benefits of Homeownership
Because it’s a place that's uniquely yours, owning a home can give you a sense of pride and happiness in several ways.
>>Your Home Can Reflect Your Tastes and Personality
Logan Mohtashami, Lead Analyst for HousingWire, says, “The psychology is that this is yours and you’re going to make it as good as possible because you’re in for a long time, . . . “ And that can create a greater sense of ownership, pride, and connection with your home and your community.
>>It Can Enhance Your Neighborhood and Civic Engagement
NAR says, “Living in one place for a longer amount of time creates and [sic] obvious sense of community pride, which may lead to more investment in said community.”
>>The Financial Benefits of Homeownership
When you choose to become a homeowner, you’re making a financial decision as well. That’s because your home is also an investment.
>>It Can Help You Feel Financially Stable
Freddie Mac says, “Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”
>>It Can Grow Your Wealth
Because of your growing equity, you can build your net worth as a homeowner.
Homeownership is truly a way to find greater satisfaction and happiness and to build financial freedom. If National Homeownership Month has you dreaming about purchasing a home, then DM me to begin the process today.
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