June is National Homeownership Month, celebrating that place that is uniquely yours. There is a wonderful sense of emotional pride and happiness that significantly adds to the financial rewards of being a homeowner.
Your home reflects your tastes and personality. A residence of your own is both a symbol of your personally-styled corner of the world and where you can create a greater sense of ownership, pride, and connection with loved ones and community.
Homeownership enhances neighborhood and civic engagement. Putting down roots in a location inspires the desire to improve your surroundings, leading to more investment in the local community.
Choosing homeownership significantly improves your long-term financial position. You’ll enjoy a predictable monthly housing expense and equity gain as your home appreciates in value. The feeling of financial stability is a significant perk of being a homeowner.
Building net worth as a homeowner grows your wealth. Growing equity in your home offers long-term financial reward. Data shows that a homeowner’s net worth is nearly 40 times that of a renter.
Owning a home offers a path to financial freedom, and the kind of emotional happiness that cannot be measured in dollars and sense.
Photo by National Cancer Institute on Unsplash
