Here are a few great Reasons to buy a home:
*Homeownership can improve the physical,
mental, and financial well-being of the owner.
Homeowners experience a multitude of
personal benefits following the purchase of their home. For example, research
shows that both psychological and physical health is greater for homeowners,
and indicates that a strong sense of overall satisfaction with life might be
part of the reason. Achieving a goal one has set is important, and contributes
to a feeling of self-efficacy. That translates to greater happiness and a
can-do attitude that positively affects how one handles mental and physical
challenges
*Homeownership can improve children’s home
life and academic achievements
Children are positively affected in
their home lives, personal lives, and academics when their parents own
the
residence. Researchers say homeownership creates a better environment
for
children, because it fosters emotional support and a stable, safe
housing
situation. The stable nature of the home in particular is linked to the
improved educational outcomes of homeowners’ kids; compared to the
children of
renters, these students have math scores that are 9% higher, reading
achievement that’s 7% higher, and behavioral problems at school are 1-3%
lower.[1][3] Additionally, the children of homeowners are 25%
more likely to purchase their own home one day, allowing them to achieve
the
physical, psychological, and wealth accumulation benefits previously
mentioned
for adults.
*Homeownership can increase community
involvement.
Another way homeownership affects the
community is through involvement. People who are invested in the area in which
they live are more likely to participate in efforts to improve that community.
Research shows that homeowners are more likely than other area residents to
volunteer with local organizations, and be involved in local political activity[1][5].
Owning a home has immediate and long-term
benefits for both the family and the community. That’s why so many good people
work tirelessly to make this dream possible for a new generation of Americans,
and why we are proud to support them in their efforts.
In
short:*Homeownership is a commitment to strengthening families and good citizenship.
*Homeownership
enables people to have greater control and exercise more responsibility over
their living environment.
*Homeownership
is a commitment to community.
*Homeownership
helps stabilize neighborhoods and strengthen communities.
*It
creates important local and individual incentives for maintaining and improving
private property and public spaces.
