The Non-Financial Benefits of Homeownership
There ’ s no denying the financial benefits of homeownership , but what ’ s often overlooked are the feelings of gratitude , security , pride , and comfort we get from owning a home .
This year , those emotions are stronger than ever . We ’ ve lived through a time that has truly changed our needs and who we are , and as a result , homeownership has a whole new meaning for many of us . According to the 2021 State of the American Homeowner Report by Unison :
“ Last year , staying home became a necessity and that caused many homeowners to have renewed gratitude for the roof over their head .”
That ’ s because , over the past year and a half , we ’ ve spent more time than ever at home : working , eating , schooling , exercising , and more . The world around us changed almost overnight , our needs shifted , and our shelters became a place that protected us on a whole new level . 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
• 83 % of homeowners say their home has kept them safe during the COVID-19 pandemic
As we ’ ve learned throughout this health crisis , homeownership can provide the safety and security we crave in a time of uncertainty . That sense of connection and emotional stability genuinely reaches beyond just the financial aspect of owning a home .
Bottom Line
If you ’ re considering buying a home , it ’ s not entirely about the dollars and cents . Don ’ t forget to weigh the non-financial benefits that may truly change your life when you need it most .
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Th e B u y er ’ s G u i d e to Re a l Estat e & H o m e I m prov e m en t www . Th eB u y ersG u i d e . com
BG RE