There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home.
Home Is Where the Heart Is More than Ever This Year
Dated: December 3 2021
There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, Security, pride, and Comfort we get from owning a home. This year, those emotions are stronger than ever. We’ve lived through a time that has truly changed our needs and who we are, and as a result, homeownership has a whole new meaning for many of us.
According to the 2021 State of the American Homeowner report by Unison:
91% of homeowners say they feel secure, stable, or successful owning a home
64% of American homeowners say living through a pandemic has made their home more important to them than ever
83% of homeowners say their home has kept them safe during the COVID-19 pandemic
It’s no surprise this study also reveals that homeowners are now more emotionally attached to their homes as well:
We’ve learned throughout this health crisis, homeownership can provide the safety and Security we crave in a time of uncertainty. That sense of connection and emotional stability genuinely reaches beyond just the financial aspect of owning a home.
While the financial benefits are obvious, there are several social benefits of homeownership. It has long been thought that buying a home contributes to a sense of accomplishment. Still most individuals forget that homeownership can benefit your mental health. Buying a home is not just a financial decision, it’s a lifestyle decision.
If you’re considering buying a home, it’s not entirely about the dollars and cents. Don’t forget to weigh the non-financial benefits that may truly change your life when you need them most.
I am a second generation, native Houstonian. My husband and I are proud to be the parents of 5 grown children, in a blended family, and grandparents to 8 amazing grandchildren. I am a currently a memb....