Benefits of home ownership

The pandemic changed our lives for ever. A house has become a home more than ever before, as so many of us had so much more time there, reflecting on our families and our lives.


Fortunately, over 65% of Americans are now homeowners. The National Association of Realtors (NAR) shares some reasons why home ownership remains the American dream.


Non-Financial Benefits Owning a home brings a sense of happiness, satisfaction, and pride.

  • Pride of Ownership: It feels good to have a place that’s truly your own, especially since you can customize it to your liking. “The personal satisfaction and sense of accomplishment achieved through homeownership can enhance psychological health, happiness and well-being for homeowners and those around them.”

  • Civic Participation: Homeownership creates stability, a sense of community, and increases civic engagement. It’s a way to add to the strength of your local area and drive value into your neighborhood.

Financial Benefits Buying a home is also an investment in your financial future.

  • Net Worth: Homeownership builds your net worth. Today, the median household net worth of all homeowners is $254,900, while the median net worth of renters is only $6,270.

  • Financial Security: Equity, appreciation, and more predictable monthly housing expenses are huge financial benefits of owning a home. Homeownership is truly the best way to improve your long-term financial position.

Economic Benefits Homeownership is even a local economic driver.


  • Housing-Related Spending: An economic force throughout our nation, housing-related expenses accounted for more than one-sixth of the country’s economic activity over the past three decades.

  • Entrepreneurship: Homeownership is also a form of forced savings that can provide entrepreneurial opportunities. “Owning a home enables new entrepreneurs to obtain access to credit to start or expand a business and generate new jobs by using their home as collateral for small business loans.”


Featured Posts
Recent Posts
Archive
Search By Tags
No tags yet.
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Contact us 

828 333 4483

Headquarters

AllStar Powerhouse, 56 Central Avenue, Suite #202,  Asheville NC, 28801  

 

Agents interested in joining the AllStarPowerHouse network or starting your own Powerhouse team? 

 

Each office is owned independently and may offer different programs to those advertised - check with your local office before making a decision.   Patton Property Group LLC DBA AllstarPowerhouse

 

'Allstar Agents' or agents who are part of the Allstar network are not employed by Patton Property Group or its affiliates. All agents are independent contractors for individual real estate brokerages in their respective states.