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Reasons to Own Your Own Home
You've probably seen lots of financial arguments about why you should own your own home rather than rent. This includes budgeting (no rent Increases) and the tax savings you'll most likely have. Now I'm going to give you some reasons you may not have heard.
Freedom to pursue other goals in life once the major goal of home ownership is achieved. Strange as it sounds, many of my first-time buyers have told me that once they bought the house, other things in their life started to fall into place. It's as if not owning took so much of their mental energy that other goals were not worked on until that big goal was reached. So buy a home and get on with your life!
A greater sense of belonging to the community. Once you own a home. You feel more attached the city in which you live. You're more interested in what happens in town, to the roads, schools, and shopping areas. Some people even become involved in politics, which you seldom see a renter do.
A commitment to something, a sense of stability. Home ownership is an anchor, something that cannot be pulled out from under you. You'll never get a notice that you have to move. You're kids will never have to change schools. It gives you freedom to plan years ahead.
You can change things, a feeling of being in control. It's your home. You can add to it, remodel it, change the landscaping, do whatever projects you want. You have a feeling of being in control of something in your life. You can see what you are building take shape before your eyes
More control over the children than in an apartment complex.In a neighbourhood, kids usually play in the yards or go to friend's houses a few doors away. In a home you get to know the neighbours and watch out for each other's kids!
Children do better in school and feel more secure. This one surprised me, but buyers have reported to me that their kids calmed down in school after they bought a house. I guess kids feel the same need for control we adults do.
Time and money saved by not going to the Laundromat. A small point, but if you have kids, you know the value of this one. You gain a whole evening a week when you buy a house! The wash gets done in between other things, or while you're at work. What would you do with the extra evening you'll have? How about going out for dessert with your spouse with all those quarters.
