Why Do People Fall in Love With Homeownership?
No matter how the housing market changes, some aspects of home ownership remain constant, such as the personal benefits it can provide. When you own your home, you probably feel a sense of attachment because it provides comfort and is a space that is truly yours.
Over the last few years, we’ve fully embraced the meaning of our homes as we've spent more time than ever in them. As a result, the 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:
“. . . one thing has stayed the same: the home continues to be of the utmost importance and a place of security and comfort.”
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
It’s no surprise that this study also reveals that homeowners now love their homes even more as our attachments to them have grown.
The National Association of Realtors (NAR) also explains:
“In addition to tangible financial benefits, homeownership brings substantial social benefits for [households], communities, and the country as a whole.”
In other words, owning a home not only increases your net worth over time, but it also provides you and your loved ones with a place to thrive. Homeownership also allows you to connect with your community and contribute meaningfully because you live near people who share your experiences.
Whether you're looking to buy your first home, move up to your dream home, or downsize to something that better fits your changing lifestyle, let me be the key to unlocking a home you can truly fall in love with.