The Non-Financial and Emotional Benefits of Homeownership {Infographic}

the benefits of homeownership

When you started your home buying journey, you might have only considered the financial perks that homeownership could give, including a more stable monthly housing costs and building equity.

But when you think about it, it’s love that drives you to provide a safe and comfortable environment for yourself and your loved ones. To have a place designed for your needs and desires is enough to fuel you when searching for a home you can call your own.

This love month, let’s highlight the equally powerful emotional and non-financial benefits of owning a home.

Non-Financial and Emotional Benefits of Homeownership Infographic

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    • You can enjoy a good deal more privacy when you are a homeowner than when you are a renter. You won’t have to share a wall, ceiling or floor and other common areas with your neighbors, which is the usual scenario when you live in apartments or condos. In addition, you don’t need to worry about your landlord raising rent once your lease term expires. You can also make your property as secure as you want without worrying about a landlord’s approval.
    • Your home your rules! And there is nothing more satisfying as creating a home that works best for you and your needs. Want to paint the walls in that Viva Magenta color? Add a kitchen island? Repurpose and extra room? Owning a home enables you to make these upgrades and personalize your space to your heart’s desires. And unless there are specific homeowner’s association requirements, you typically won’t have to worry about the changes you can and can’t make.
    • Aside from customizations, you can create a safer and healthier environment when you have your own home. You will be able to be on top of mold, termites, or sewage problems, and any other potentially hazardous concerns that could jeopardize your physical health. Likewise, having ample living space and an increased sense of safety, security and belonging can contribute to a more positive and improved mental well-being for you and your family.
    • With the security that homeownership provides, it also provides stability to families, which is especially beneficial to children. Studies show that children of homeowners tend to do better in school. Without the uncertainty of renting, they are less likely to have to change schools. They know what to expect and interact with the same friends in the neighborhood, and are more likely to have quieter environments, which greatly contributes to their improved educational outcomes and overall health and well-being.
    • Homeownership means that you will be able to plant roots in a community. You’ll be staying in one place for quite some time, which will allow you know your neighbors and build valuable relationships with them, participate in community activities and events, or join local clubs and organizations. Additionally, being a homeowner means you’ll have a greater voice and influence in community affairs and contribute to problem-solving for the welfare of the community.
    • While taking care of a home is a huge responsibility, it brings out feelings of pride and accomplishment. After years of saving for the down payment and other costs, months of browsing listings with an agent to find the right home, submitting multiple offers, and obtaining financing, among others, having a home you can call your own is a visual symbol of your hard work and dedication. This greater sense of achievement often leads to a boost in self-esteem and happiness like no other.

Bottom line

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Make sure you consider not only the financial perks of homeownership but the many amazing emotional and psychological benefits it has to offer. And when you’re ready to find your forever home, find and connect with the right matchmaker—a trusted real estate agent who will guide you to the home of your dreams.

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About the Author

Jason Fox

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"The best way to find yourself is to lose yourself in the service of others." ~ Gandhi [ Recognized as a top 3.5% agent in the United States. ] [ Jason Fox was born in Everett, WA currently lives in the Meadowdale neighborhood in Lynnwood and has lived in different parts of the Puget Sound area in between. He has been in the real estate industry for 20 years in many different capacities. From General Manager of a real estate CRM engagement business, Founder of 2 real estate marketing agencies, nationally recognized blogger with the Jason Fox Real Estate Marketing Blog, Marketing Manager for a top title and escrow service. ] [ Jason is now an award winning residential real estate sales agent, Co-Founder of The Madrona Group, Co-Owner of John L. Scott Ballard and John L. Scott Westwood. ] [ Active in the community, Jason is a proud part of the Autism Speaks effort to raise awareness for autism. This project is very dear to him as he has an 8 year old son, Hudson, diagnosed ASD. Jason is also involved with Neighbor's in Need, the Forgotten Children's Fund, WELD Seattle and the Union Gospel Mission assisting the homeless population in the greater Seattle area. ] [ "My passion is being able to give back to the community that has given so much to me." ] [ When he is not assisting his friends and family with the services of home ownership he loves being a dad to his 4 children, Carter, Rowen, Tyler and Hudson and being a husband to his amazing wife Sarah. Hiking, working around the house, cheering for the Seahawk's, Mariners and Huskies and golfing. ]

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