January 27th, 2018 11:05 AM by Tomashowski Team
Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this.
Homeownership is NOT just about the money. In fact, some of the major benefits are non-financial. Here are a few of those benefits as per the National Association of Realtors:
*Consistent findings show that homeownership does make a significant positive impact on educational achievement. *Several researchers have found that homeowners tend to be more involved in their communities than renters.*Early studies of homeownership and health outcomes found that homeowners and children of homeowners are generally happier and healthier than non-owners, even after controlling for factors such as income and education levels that are also associated with positive health outcomes and positively correlated with homeownership.
Bottom Line | Homeownership means something more to people and their families than just the financial considerations.