The many non-financial benefits of homeownership

Woman and small girl smiling at each other and almost hugging in a living roomI want to share some insights about why owning a home is more than just a financial decision. Let’s dive into the heart of the matter.

While there are financial reasons to become a homeowner, it’s essential to think about the non-financial benefits that make a home more than just a place to live.

Here are some of the top non-financial reasons to buy a home.

As Fannie Mae tells us, a whopping 94% of folks believe that one of the top perks of homeownership is “having control over what you do with your living space.”

Imagine this: your home is your canvas, and you’re the artist. Unless some homeowner association or historic rules prohibit it, you can decorate and transform your home as you please. Paint the walls, knock down a wall to create that dream open space, or even build your very own oasis in the backyard. It’s your call!

Investopedia explains:

“One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.

Now, let’s talk about the feeling of ownership. When you rent, it’s tough to make a place truly feel like it’s yours. Plus, if you dare to make any improvements, you might have to undo them when you leave. But when you own your home, it’s like you’re fitting together pieces of a puzzle to create your unique space. That level of customization can fill you with pride and a sense of belonging. Your home becomes a reflection of you, and that’s a beautiful thing.

Next up, family. According to Fannie Mae, 90% of people say “having a good place for your family to raise your children” is a top reason for homeownership.

It makes sense, right? Stability is key, especially if you have young ones. As U.S. News points out,

“For those with young children, buying a home and putting down roots is a major driver. . . . You don’t want the upheaval of a massive rent increase or a non-renewed lease to impact your sense of stability.”

Life throws us curveballs, and having a stable, secure home for your family to grow in can make all the difference. And that stability also contributes to students performing better in school.

And here’s a gem: “feeling engaged in your community.” Fannie Mae says 82% of folks consider it a key motivator to own a home.

Owning your home means putting down roots, and those roots run deep. On average, homeowners stay in their homes for about nine years, according to the National Association of REALTORS®. As time goes by, you naturally build connections with your neighbors and community. You become part of the fabric of the neighborhood. Just as Gary Acosta from the National Association of Hispanic Real Estate Professionals (NAHREP) reminds us, “Homeowners also tend to be more active in their local communities.”

When you care about your community, you’ll roll up your sleeves and give back.

Bottom Line

Owning a home isn’t just about finances; it’s about taking control, creating a haven, providing stability for your family, and being an active part of your community. It’s a journey filled with personal touches and a sense of belonging.

Community Renewal of Pottawatomie County is a local organization I volunteer with and have a passion for because their mission aligns so closely with mine. They help neighbors restore community through intentional relationships.

The Sold on Shawnee vision isn’t just about just selling houses; we build relationships and impact our community. Our mission is to transform real estate into a personal journey. Leveraging advanced education, unwavering ethics, and deep community ties, we provide expert guidance and advocate tirelessly for you. With humor and heart, we make your real estate experience not just successful but deeply personal. Because your home is about relationships, advocacy, and your unique journey.

If you’re thinking about becoming a homeowner and want to learn more, let’s connect.