The Real Value of Homeownership

Owning and buying a home can bring you joy and a feeling of belonging. It’s National Homeownership Month in June, so it’s a great time to reflect on all the benefits of homeownership. You may feel happier and more fulfilled Owning a house is associated with improved mental health and well being. Gary Acosta is the CEO and Co-Founder of the National Association of Hispanic Real Estate Professionals. He explains that: “Studies have shown how homeownership can improve a person’s self-esteem and mental health. . “Similarly, Habitat for Humanity states:”Residential Stability among homeowners is related with improved life satisfaction. . . You can engage in your neighborhood and grow your sense of communityYour home connects to your locality. Renters tend to move out of their homes more often than homeowners, which can make you feel more connected with your community. Acosta says that when people live in the same place for a long time, they become more involved. . You can customize and improve your living spaceYour home is a special place that belongs to you. You can customize your home however you want when you own it. Your house can be what you need and want it to be, whether that’s through small home improvements or complete renovations. Your home can change as your tastes and lifestyle changes. Investopedia says: “One of the most cited benefits of homeownership is that you own your own little corner of the globe. You can remodel, paint and decorate your home without needing permission from your landlord. Homeownership allows you to customize your living space and improve it. This creates a sense of pride and connection with your house. Contact a local realtor today to learn more about homeownership.

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