The personal benefits of owning a home remain constant regardless of fluctuations in the housing market. Owning a home provides a sense of comfort and personal attachment, as it is a space that belongs solely to the owner. In recent years, the significance of our homes has grown as we have spent more time in them than ever before, emphasizing the emotional benefits they offer. According to the latest report from Unison, the State of the American Homeowner, these emotional benefits have become even more essential to us. “. . . one thing has stayed the same: the home continues to be of the utmost importance and a place of security and comfort.”
The same study from Unison notes:
- 91% of homeowners say they feel secure, stable, or successful owning a home
- 64% of American homeowners say living through a pandemic has made their home more important to them than ever
- It’s no surprise this study also reveals that homeowners now love their homes even more as our attachments to them have grown:
The National Association of Realtors (NAR) also explains:
“In addition to tangible financial benefits, homeownership brings substantial social benefits for [households], communities, and the country as a whole.”
To put it differently, owning a home not only increases your net worth in the long run, but also provides you and your family with a conducive environment to flourish. Additionally, residing in a community of like-minded individuals allows you to establish connections and make valuable contributions, which is an added advantage of home ownership.
Bottom Line
If you’re considering purchasing your first home, upgrading to your dream home, or downsizing to a more suitable home for your evolving lifestyle, we are here to assist you in finding a home that you will truly adore. Let me be the key to unlocking the perfect home for you.
Find out why Kaya Homes is the leader in Long Island Real Estate and are your go-to realtor in the Lynbrook, Oceanside, Malverne, Hewlett, Valley Stream, East Rockaway, Woodmere, Cedarhurst, Baldwin, North Woodmere, Woodsburgh, Hewlett Neck Hewlett Harbor, Bellmore,Wantagh,Merrick and Freeport area.
Fri, 17 Feb 2023 21:39:04 +0000
