Having a house to call your own is an essential part of the American Dream.
The benefits of owning a home, for the most part, has nothing to do with money.
Here are some of those benefits of homeownership according to the Journal of the Center for Real Estate Studies.
Positive Impact on Educational Achievement
Children who live in homes owned by their family tend to perform better academically compared to those who live in rentals.
It’s possible that homeownership, along with neighborhood stability, brings stability to the family.
Increased Civic Involvement and Community Participation
The neighborhood is stable when residents stay longer.
Homeowners tend to form bonds and relationships with their neighbors more.
They are also more involved in volunteering for the community and its activities.
Better Health for Homeowners
For homeowners, having achieved a significant goal and being in a more stable environment leads to higher life satisfaction and better self-esteem.
They feel like their lives are more on track, and have improved physical and psychological health.
In Conclusion
In buying your own home, the financial side is not the primary factor to consider. Owning a home is something more to people and their families than just the economic considerations.
At Burgess Group Realty LLC, we help our clients buy their new home that suits their needs. Let’s talk so we can help you find the perfect home and community.
CALL Catherine now at 303.506.5669.
