{"id":7725,"date":"2022-03-22T10:00:17","date_gmt":"2022-03-22T10:00:17","guid":{"rendered":"https:\/\/thezakariagroup.com\/the-many-benefits-of-homeownership\/"},"modified":"2022-03-22T10:00:17","modified_gmt":"2022-03-22T10:00:17","slug":"the-many-benefits-of-homeownership","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/the-many-benefits-of-homeownership\/","title":{"rendered":"The Many Benefits of Homeownership"},"content":{"rendered":"
<\/p>\n
The past two years have taught us the true value of homeownership<\/a>, especially the stability and the feeling of accomplishment it can provide. But homeownership has so much more to offer. Here\u2019s a look at a few of the non-financial and financial benefits of owning a home. If you\u2019re looking to buy a home today, think about all the ways homeownership can impact your life.<\/span><\/p>\n Owning your home gives you a significant sense of pride because it\u2019s a space that is truly yours<\/strong>. And as a homeowner, you can customize your home to your heart\u2019s desire. Having a space you\u2019ve put your stamp on enhances the pride and sense of ownership you may feel.<\/p>\n And that sense of ownership can extend beyond your shelter to help create social, community, and civic benefits as well. That\u2019s because the average homeowner stays in their home for longer than just a few years. That means you\u2019ll naturally feel a stronger connection to the community around you the longer you live there. This can help you experience a greater sense of belonging and a greater stake in your community as a whole. As the National Association of Realtors<\/em><\/a> (NAR) says:<\/p>\n \u201cLiving in one place for a longer amount of time creates an obvious sense of community pride<\/strong>, which may lead to more investment in said community.\u201d<\/em><\/p>\n<\/blockquote>\n In a financial sense, homeowners benefit from home price appreciation<\/a>, equity gains<\/a>, and having a shield against some of the effects of inflation<\/a>. These benefits can have a big impact on your life. As you gain equity through home price appreciation and paying down your mortgage, you build your net worth. And in times of inflation, your 30-year fixed-rate mortgage can help you stabilize one of your largest monthly expenses for the duration of your loan.<\/p>\nHomeownership Has Impactful Personal and Emotional Benefits<\/strong><\/h4>\n
\n
Owning a Home Is a Significant Step Toward Financial Stability<\/strong><\/h4>\n