Study shows postive affects of owning a home!

According to a new report from the National Association of Realtors®, there are many positive affects that result from owning a home including:

1. Homeowners are more active in their communities.

• Homeowners move far less frequently than renters, and therefore are involved in the same neighborhood and community for longer. People become more connected socially and strong communities are beneficial to all individuals.
• Homeowners are proven to be more politically active and are more likely to vote in local elections compared to renters. In addition, homeowners have a higher membership in voluntary organizations.

2. Homeowners benefit from improved education opportunities.

• The decision by teenage students to stay in school is higher for those raised by parents who are homeowners compared to those whose parents are renters. Access to economic and educational opportunities are also more prevalent in neighborhoods with high rates of homeownership. Furthermore, studies have shown that changing schools frequently due to moving impacts negatively a child’s educational outcome.

3. Homeowners report higher levels of self-esteem and happiness when compared to renters.

• Studies have shown that homeowners say they are more healthy physically and are more likely to believe that they can do things as well as anyone else. The study says that homeoners report higher self-esteem and happiness than renters, which increases their overall health.

Enjoy the long term financial benefit of owning a home and at the same time develop a great sense of community and social ties! Be part of the American dream and buy a home!