Seven
Different Reasons To Own Your Own Home
You've
probably seen lots of financial arguments about why
you should own your own home rather than rent. This
includes budgeting (no rent increases) and the tax
savings you'll most likely have. Now we're going to
give you some reasons you probably haven't heard.
#1:Freedom to pursue other goals in life once the
major goal of home ownership is achieved.
Strange as it sounds, many of our first-time buyers
have told us that once they bought the house, other
things in their life started to fall into place. It's
as if not owning took so much of their mental energy
that other goals were not worked on until that big
goal was reached. So buy a home and get on with your
life!
#2: A greater sense of belonging to the community.
Once you own a home, you feel more attached to the
city in which you live. You're more interested in
what happens in town, to the roads, schools, and shopping
areas. Some people even become involved in local politics.
#3: A commitment to something, a sense of stability.
Home ownership is an anchor, something that cannot
be pulled out from under you. You'll never get a notice
that you have to move. You're kids will never have
to change schools. It gives you freedom to plan years
ahead.
#4: You can change things, a feeling of being in control.
It's your home. You can add to it, remodel it, change
the landscaping, do whatever projects you want. You
have a feeling of being in control of something in
your life. At work we don't always have control of
what happens, but your home is your castle and you
have dominion over it. You can see what you're building
take shape before your eyes.
#5: More control over the children than in an apartment
complex
In a neighborhood, kids usually play in the yards
or go to friend's houses a few doors away. Our clients
have told us that in an apartment complex they never
knew where the kids were. They could be in any of
hundreds of apartments, doing who knows what. In a
home you get to know the neighbors and watch out for
each other's kids.
#6: Children do better in school and feel more secure.
This one surprised us, but buyers have reported to
us that their kids calmed down in school after they
bought a house. We don't know why, but it seems to
work that way. We remember a single mom watching her
son play in the yard, making steps in the slope and
building things. She didn't have to tell him to leave
everything alone, like she did at the apartment complex.
I guess kids feel the same need for control we adults
do.
#7: Time and money saved by not going to the Laundromat.
A small point, but if you have kids, you know the
value of this one. You gain a whole evening a week
when you buy a house! The wash gets done in between
other things, or while you're at work. What would
you do with the extra evening you'll have? How about
going out for dessert with your spouse with all those
quarters?
We've been in a home of our own for so long; we take
these benefits for granted. We forgot what it's like
to be renters! If you have anything you can add to
the list, please let us know via email. We would love
to hear from you!
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