“Over the past two years, we’ve learned to love our homes even more as we’ve stayed home more than ever due to the ongoing pandemic. “
Financial benefits are always a key aspect of homeownership, but it’s also important to understand that the nonfinancial and personal benefits are why so many people genuinely fall in love with their homes. When you own your home, you likely feel a sense of emotional attachment because of the comfort it provides, but also because it’s a space that’s truly yours.
Over the past two years, we’ve learned to love our homes even more as we’ve stayed home more than ever due to the ongoing pandemic. As a result, the personal and emotional benefits our homes provide have become even more important to us.
As the most recent State of the American Homeowner from Unison puts it:
“Despite the upheaval and uncertainty of the past year, one thing has stayed the same: the home continues to be of the utmost importance and a place of security and comfort.”
When the health crisis began, the world around us changed almost overnight, and our homes were redefined. Our needs shifted, and our shelters became a place that protected us on a whole new level. The same study from Unison notes:
- 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 now love their homes even more as our emotional attachments to them have grown:
That sense of emotional connection genuinely reaches far beyond the financial aspect of homeownership. Because they’re our shelters – ones that we can genuinely call our own. Our homes touch our hearts and can also positively impact our mental health.
As JD Esajian, President of CT Homes, LLC, says:
“Aside from the financial factors, there are several social benefits of homeownership and stable housing to consider. It has long been thought that buying a home contributes to a sense of accomplishment. Still, most individuals fail to realize that homeownership can benefit your mental health and the community around you.”
Whether you’re thinking of buying your first home, moving up to your dream home, or downsizing to something that better fits your changing lifestyle, take a moment to reflect on what Mark Fleming, Chief Economist at First American, notes:
“Buying a home is not just a financial decision. It’s also a lifestyle decision.”
Bottom Line
There are so many reasons to fall head over heels for homeownership. Your home will provide a place to customize and call your own, in addition to stability and security. If you’re ready to fall in love with homeownership, let’s connect so you can get started on your homebuying journey today.
To view original article, visit Keeping Current Matters.
The Biggest Mistakes Sellers Are Making Right Now
If you aren’t working with an agent, you may not realize the mistakes you are making. And they may be costing you!
Are Home Prices Going to Come Down?
In the context of today’s housing market, it doesn’t mean home prices are going to fall dramatically. It only means prices are normalizing a bit.
How the Economy Impacts Mortgage Rates
Mortgage rates will continue to be volatile in the months ahead. There are signs the economy is headed in the better direction.
How Affordability and Remote Work Are Changing Where People Live
An experienced local agent can help you find the lifestyle you’re looking for in a home you can afford.
Unlocking Homebuyer Opportunities in 2024
If you’re ready and able to buy, you may find that the second half of 2024 is a bit easier to navigate.
How To Determine if You’re Ready To Buy a Home
While housing market conditions are definitely a factor in your decision, your own personal situation and your finances matter too.