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THE HIDDEN VALUE OF HOMEOWNERSHIP
July 3rd, 2018 10:40 AM

THE HIDDEN VALUE OF HOMEOWNERSHIP

Barbara’s Blog:

Monthly rental payments have been steadily increasing over the past couple years, so in some cases it makes more sense to make a mortgage payment over paying rent.  There are so many various mortgage options available now, especially for first-time homebuyers, and owning a home doesn’t just help you build wealth, but it impacts your life for the future as well.

According to an article in the National Association of Realtor’s Magazine, there are specific benefits that homeowners may enjoy over renters:

  • Homeowners are healthier and live longer.
  • Owning a home reduces the likelihood of divorce.
  • Homeowners are less likely to suffer from depression.
  • City homeowners are less likely to be victims of crime.
  • Children of homeowners often achieve a higher level of education.
  • Children of homeowners are likely to earn more income over their lifetimes.
  • Children of homeowners have significantly lower teen dropout and pregnancy rates.
  • Homeowners are more likely to be involved in neighborhood groups.
  • Homeowners have a better understanding of politics and are more likely to vote.
  • Homeowners take greater pride in maintaining their property.

Not everyone has the means to purchase a home, but to have that as a short or long-term goal, the benefits certainly outweigh renting.  Look for ways to make it happen.  We can help you!

Written by Barbara Doeringer

 


Posted in:Real Estate
Posted by Allen Doeringer on July 3rd, 2018 10:40 AMPost a Comment

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