Emotional Benefits of Home Ownership

Owning real estate is the main driver in building wealth and financial security. However, there are plenty of other benefits to home ownership… including emotionally.

Control 

“Owning your own home can give you a sense of control,” says Alexa Micciulli, Sales Associate at ERA Justin Realty, “Knowing that your home is truly your own space, and you’re free to do with it as you please… is well-freeing!” 

According to a recent survey done by Fannie May, 94% of those surveyed said “Having Control Over What You Do With Your Living Space” is a top reason to own.

With the exception of Home Owners’ Association (HOA) rules, condominium, co-op, and certain national landmark contingencies that have a say over what can be done to exteriors, homeowners are free to decorate their living space as they see fit. “And when you rent, it’s up to your landlord,” says Micciulli, “Any interior alterations may need to be put back if you decide to move.

Community

“Buying a home allows you to put down roots in a community,” says Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty, “As a homeowner you are invested in your neighborhood. You want to see your neighbors, your schools, your downtown and its businesses thrive.” In the Fannie May survey, 82% said “Feeling Engaged In Your Community” is a motivation to own a home. 90% say “Having a Good Place for Your Family to Raise Children” tops their list of reasons to buy.

Pride

Finally, owning a home can give you a sense of pride unlike any other. “A house is often the biggest purchase a person will ever make. It’s often the result of years of saving and a lifelong dream,” says Micciulli. “Achieving that goal is certainly something to be proud of.”

Bottom Line

If you’re ready to feel the strong sense of control, community, and pride that comes with homeownership, Alexa Micciulli or any of the experienced real estate professionals at ERA Justin Realty can help. Give us a call at (201) 939-7500.