Why Do Many People Fall in Love with Homeownership?

Chances are, at some point in your life, you’ve heard the phrase, Home is where the heart is. There’s a reason that’s said so often. Becoming a homeowner is emotional.

So, if you are deciding whether to continue renting or to buy a home this year, here's why it is so easy to fall in love with homeownership.

Customizing to Your Heart’s Desire

Your home should be a reflection of your unique personality. And, as a renter, that can be difficult to achieve. When you rent, the paint colors are usually the standard shade of white, you have little control over the upgrades, and you have to be careful how many holes you make in the walls. But when you’re a homeowner, you have a lot more freedom. As the National Association of Realtors (NAR) says:

“The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.”

Whether you want to paint the walls a cheerful bright color or a dark moody tone, you can tailor your interior to your personality. Imagine coming home at the end of the day and walking into a space that feels familiar to you.

Greater Stability for the Ones You Love Most

One of the hardest things about renting is the uncertainty of what happens at the end of your lease. Does your payment go up so much that you have to move? What if your landlord decides to sell the property? It’s like you’re always waiting for the other shoe to drop. Jeff Ostrowski, a business journalist covering real estate and the economy, explains how homeownership can give you more peace of mind in a Money Geek article:

“Homeownership means you are the boss and have the biggest say in your lifestyle and family decisions. Suppose your kids are in public school and you don't want to risk having them change schools because your landlord doesn't renew your lease. Owning a home would remove much of the risk of having to move.”

A Feeling of Belonging

You may also find yourself feeling much more at home in the community once you own a house. That’s because when you buy a home, you’re staking a claim and saying, I’m a part of this community. You’ll have neighbors, block parties, and more. And that’ll give you the feeling of being part of something bigger. As the International Housing Association explains:

“. . . homeowning households are more socially involved in community affairs than their renting counterparts. This is due to both the fact that homeowners expect to remain in the community for a longer period of time and that homeowners have an ownership stake in the neighborhood.”

The Emotional High of Achieving Your Dream

Becoming a homeowner is a journey, and it may have taken a long time to get to the point where you are ready to make the leap. If you’re seriously considering leaving behind your rental and making this commitment, you should know that the emotions that come with owning a home are powerful. You’ll be able to walk up to your front door every day and have that sense of accomplishment welcome you home. 

Bottom Line

A home is a place that reflects who you are, is a safe space for the ones you love the most, and is a reflection of all you’ve accomplished. Let’s connect if you’re ready to break up with your rental and buy a home.

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