{"id":7460,"date":"2021-02-08T11:00:01","date_gmt":"2021-02-08T11:00:01","guid":{"rendered":"https:\/\/thezakariagroup.com\/6-foundational-benefits-of-homeownership-today\/"},"modified":"2021-02-08T11:00:01","modified_gmt":"2021-02-08T11:00:01","slug":"6-foundational-benefits-of-homeownership-today","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/6-foundational-benefits-of-homeownership-today\/","title":{"rendered":"6 Foundational Benefits of Homeownership Today"},"content":{"rendered":"<div>\n<p><img decoding=\"async\" width=\"358\" src=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/02\/05105410\/20210208-KCM-Share-549x300.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"6 Foundational Benefits of Homeownership Today | Simplifying The Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" srcset=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/02\/05105410\/20210208-KCM-Share-549x300.jpg 549w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/02\/05105410\/20210208-KCM-Share.jpg 750w\" sizes=\"(max-width: 549px) 100vw, 549px\"><\/p>\n<p>Over the past year, our homes have become an integral part of our lives more than ever. They&rsquo;re much more than the houses we live in. They&rsquo;re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, <a href=\"https:\/\/www.census.gov\/housing\/hvs\/files\/currenthvspress.pdf\">65.8%<\/a> of Americans are fortunate enough to call their homes their own.<span id=\"more-43832\"><\/span><\/p>\n<p>As we continue to think about the future, our goals for the year, and what we want to achieve well beyond 2021, it&rsquo;s a great time to look at the benefits of owning a home. Below are some <a href=\"https:\/\/www.nar.realtor\/sites\/default\/files\/documents\/white-paper-homeownership-incentivized-by-federal-system-02-06-2020.pdf\">highlights<\/a> and quotes on the benefits of homeownership shared by the<em> National Association of Realtors <\/em>(NAR). From feel-good motivations to economic and social impacts on the local community, these items may give you reason to believe homeownership stretches well beyond your financial investment.<\/p>\n<h4><strong>Non-Financial Benefits<\/strong><\/h4>\n<p>Owning a home brings a sense of happiness, satisfaction, and pride.<\/p>\n<ul>\n<li><strong>Pride of Ownership:<\/strong> It feels good to have a place that&rsquo;s truly your own, especially since you can customize it to your liking. <em>&ldquo;The personal satisfaction and sense of accomplishment achieved through homeownership can enhance psychological health, happiness and well-being for homeowners and those around them.&rdquo;<\/em><\/li>\n<li><strong>Civic Participation:<\/strong> Homeownership creates stability, a sense of community, and increases civic engagement. It&rsquo;s a way to add to the strength of your local area and drive value into your neighborhood.<\/li>\n<\/ul>\n<h4><strong>Financial Benefits<\/strong><\/h4>\n<p>Buying a home is also an investment in your financial future.<\/p>\n<ul>\n<li><strong>Net Worth<\/strong>: Homeownership builds your <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/10\/07\/a-homeowners-net-worth-is-40x-greater-than-a-renters\/\">net worth<\/a>. Today, the median household net worth of all homeowners is <strong>$254,900<\/strong>, while the median net worth of renters is only <strong>$6,270<\/strong>.<\/li>\n<li><strong>Financial Security:<\/strong> Equity, appreciation, and more predictable monthly housing expenses are huge financial benefits of owning a home. Homeownership is truly the best way to improve your long-term financial position.<\/li>\n<\/ul>\n<h4><strong>Economic Benefits<\/strong><\/h4>\n<p>Homeownership is even a local economic driver.<\/p>\n<ul>\n<li><strong>Housing-Related Spending:<\/strong> An economic force throughout our nation, housing-related expenses accounted for more than one-sixth of the country&rsquo;s economic activity over the past three decades.<\/li>\n<li><strong>Entrepreneurship:<\/strong> Homeownership is also a form of forced savings that can provide entrepreneurial opportunities<em>. &ldquo;Owning a home enables new entrepreneurs to obtain access to credit to start or expand a business and generate new jobs by using their home as collateral for small business loans.&rdquo;<\/em><\/li>\n<\/ul>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>The benefits of homeownership go well beyond the basics. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact in your community. If owning a home is part of your dream this year, let&rsquo;s connect so you can begin the homebuying process today.<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener noreferrer\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past year, our homes have become an integral part of our lives more than ever. They&rsquo;re much more than the houses we live in. They&rsquo;re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8% of Americans are fortunate enough to call their [&hellip;]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,101,111],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>6 Foundational Benefits of Homeownership Today - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/6-foundational-benefits-of-homeownership-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 Foundational Benefits of Homeownership Today - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Over the past year, our homes have become an integral part of our lives more than ever. 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