More Than a House: The Emotional Benefits of Homeownership
With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home. That’s only natural as you think about the dollars and cents of it all.
And while you ultimately need to be able to afford a home you buy, don’t lose sight of why homeownership was so important to you in the first place. That’s because buying a home is so much more than just a financial transaction. As the National Association of Realtors (NAR) says:
“The benefits of purchasing and owning your place of residence are both financial and emotional – pride in homeownership and the feeling of security are huge intangible benefits.”
Here’s a look at just a few of those more emotional or lifestyle perks, to help anchor you to why homeownership is one of your goals.
A Sense of Satisfaction
Owning a home is often associated with better mental health and well-being. That’s probably because buying a home is a big milestone. And the sense of satisfaction and pride that comes with achieving that goal just feels good. A recent article from the Mortgage Reports says:
“By and large, homeownership brings more satisfaction than renting. . . Surveyees scored the overall happiness level of homeowners at 88% compared to 67% for renters.”
More Stability for Your Family
Another thing that may make homeowners feel more satisfied is that they’re finally able to put down roots. Think about it. If you’re used to moving each time your lease renews and your rent climbs, staying put for a while would be nice not just for you, but for any loved ones that live with you.
A home can provide more predictability and the chance to make long-term friends. That should reduce everyone’s stress too. As NAR explains:
“Families also benefit from homeownership, with studies proving that parents are able to spend less time in a stressed state, therefore spending more time with their children. The ability for parents to feel stable has a huge impact on children’s behavioral issues, educational success, and future economic success.”
A Stronger Feeling of Community
And if you’re also looking for a sense of belonging for yourself, homeownership can help with that too. As FinHabits says:
“Homeowners tend to be more involved in their local communities, leading to a stronger sense of belonging . . .”
It makes sense. Your home connects you to your neighborhood and, by extension, your broader community. That’s because owning a home gives you a stake in that community’s future. So, becoming more involved and wanting to do what you can to help improve the area while making long-term relationships with neighbors is only natural.
The Ability To Make the Space Your Own
And don’t forget, your home is a place that’s all yours. Unless you’ve got specific homeowner’s association requirements, you’re free to customize it however you see fit.
So, if renting has been cramping your style, it’s time to express yourself and jump on the latest trends (if you want to). Whether that’s small home improvements or full-on renovations, your house can be exactly what you want and need it to be. And as your tastes and lifestyle change, so can your home. Picture coming home each day to a place that feels like you. That’s a feeling like no other.
Bottom Line
If you desire to experience a feeling of achievement and satisfaction in your living environment, at Aurhomes Group, let's discuss the necessary steps to help you bring this vision to life.
Categories
Recent Posts
10 Clear Signs You’re Ready to Buy Your First Home in Houston, TX
Avoid These Top Homebuyer Mistakes in Today’s Market
Why Home Sales Bounce Back After Presidential Elections
Why Your House Will Shine in Today’s Market
Debunking Scary Myths About Buying a Home
Why Today’s Foreclosure Numbers Won’t Trigger a Crash
How Long Will It Take To Sell Your House?
Planning To Sell Your House in 2025? Start Prepping Now
What To Expect from Mortgage Rates and Home Prices in 2025
Why an Agent Is Essential When Buying a Newly Built Home
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "