More Than a House: The Emotional Benefits of Homeownership

<article class="post-1071447 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1071447"><span class="entry-date">June 3, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">More Than a House: The Emotional Benefits of Homeownership</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=More+Than+a+House%3A+The+Emotional+Benefits+of+Homeownership&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fmore-than-a-house-the-emotional-benefits-of-homeownership%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
<div class="fb-share-button display-inline-block" data-href="https://gilliggroup.com/blog/more-than-a-house-the-emotional-benefits-of-homeownership/" data-layout="" data-size=""><a class="facebook solid fb-xfbml-parse-ignore" data-tracking="Post,Social Post Link Clicked,Twitter" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fmore-than-a-house-the-emotional-benefits-of-homeownership%2F&amp;src=sdkpreparse" target="_blank"><span class="force-hidden">Facebook</span></a></div>
<a class="pinterest solid display-inline-block" count-layout="horizontal" href="https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fmore-than-a-house-the-emotional-benefits-of-homeownership%2F&amp;description=More+Than+a+House%3A+The+Emotional+Benefits+of+Homeownership" target="_blank"><span class="force-hidden">Pinterest</span></a>
<a class="linkedin solid display-inline-block" href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https://gilliggroup.com/blog/more-than-a-house-the-emotional-benefits-of-homeownership/?shareSlug%3Dmore-than-a-house-the-emotional-benefits-of-homeownership" target="_blank"><span class="force-hidden">LinkedIn</span></a>
<a class="email dashicons dashicons-email solid display-inline-block" href="mailto:?subject=From gilliggroup.com: More Than a House: The Emotional Benefits of Homeownership&amp;body=More Than a House: The Emotional Benefits of Homeownership%0D%0Dhttps://gilliggroup.com/blog/more-than-a-house-the-emotional-benefits-of-homeownership/" target="_blank"><span class="force-hidden">Email</span></a>
</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="More Than a House: The Emotional Benefits of Homeownership Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20240603-More-Than-a-House-The-Emotional-Benefits-of-Homeownership.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
<p>With all the headlines and talk about housing <a href="https://www.simplifyingthemarket.com/2024/04/18/is-it-getting-more-affordable-to-buy-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">affordability</a>, it can be tempting to get lost in the <a href="https://www.simplifyingthemarket.com/2024/03/13/your-home-is-a-powerful-investment/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">financial side</a> of buying a home. That’s only natural as you think about the dollars and cents of it all.</p>
<p>And while you ultimately need to be able to afford a home you buy, don’t lose sight of why <a href="https://www.simplifyingthemarket.com/2024/05/07/tips-for-younger-homebuyers-how-to-make-your-dream-a-reality/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">homeownership</a> was so important to you in the first place. That’s because <a href="https://www.simplifyingthemarket.com/2024/05/01/the-perks-of-buying-over-renting/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">buying a home</a> is so much more than just a financial transaction. As the <em>National Association of Realtors </em>(NAR) <a href="https://www.nar.realtor/promoting-home-ownership" rel="noopener noreferrer" target="_blank">says</a>:</p>
<blockquote><p><em>“The benefits of purchasing and owning your place of residence are both financial and </em><strong><em>emotional – pride in homeownership and the feeling of security are huge intangible benefits</em></strong><em>.”</em></p></blockquote>
<p>Here’s a look at just a few of those more emotional or lifestyle perks, to help anchor you to why <a href="https://www.simplifyingthemarket.com/2024/05/15/why-a-condo-may-be-a-great-option-for-your-first-home/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">homeownership</a> is one of your goals.</p>
<h4><strong>A Sense of Satisfaction</strong></h4>
<p>Owning a home is often associated with better mental health and well-being. That’s probably because buying a home is a big milestone. And the sense of satisfaction and pride that comes with achieving that goal just feels good. A recent article from the <em>Mortgage Reports</em> says:</p>
<blockquote><p><em>“By and large, homeownership brings more satisfaction than renting. . . Surveyees scored the overall happiness level of homeowners at 88% compared to 67% for renters.”</em></p></blockquote>
<h4><strong>More Stability for Your Family</strong></h4>
<p>Another thing that may make <a href="https://www.simplifyingthemarket.com/2024/04/17/is-it-better-to-rent-than-buy-a-home-right-now-1/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">homeowners</a> feel more satisfied is that they’re finally able to put down roots. Think about it. If you’re used to moving each time <a href="https://www.simplifyingthemarket.com/2024/04/17/is-it-better-to-rent-than-buy-a-home-right-now-1/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">your lease</a> renews and your <a href="https://www.simplifyingthemarket.com/2024/05/01/the-perks-of-buying-over-renting/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">rent climbs</a>, staying put for a while would be nice not just for you, but for any loved ones that live with you.</p>
<p>A home can provide more predictability and the chance to make long-term friends. That should reduce everyone’s stress too. As NAR <a href="https://www.nar.realtor/promoting-home-ownership" rel="noopener noreferrer" target="_blank">explains</a>:</p>
<blockquote><p><em>“Families also benefit from homeownership, with studies proving that parents are able to spend less time in a stressed state, therefore spending more time with their children. The ability for parents to feel stable has a huge impact on children’s behavioral issues, educational success, and future economic success.”</em></p></blockquote>
<h4><strong>A Stronger Feeling of Community</strong></h4>
<p>And if you’re also looking for a sense of belonging for yourself, homeownership can help with that too. As <em>FinHabits</em> <a href="https://finhabits.com/what-are-the-advantages-of-owning-a-house-instead-of-renting/" rel="noopener noreferrer" target="_blank">says</a>:</p>
<blockquote><p><em>“Homeowners tend to be more involved in their local communities, leading to a stronger sense of belonging . . .”</em></p></blockquote>
<p>It makes sense. Your home connects you to your neighborhood and, by extension, your broader community. That’s because owning a home gives you a stake in that community’s future. So, becoming more involved and wanting to do what you can to help improve the area while making long-term relationships with neighbors is only natural.</p>
<h4><strong>The Ability To Make the Space Your Own </strong></h4>
<p>And don’t forget, your home is a place that’s all yours. Unless you’ve got specific homeowner’s association requirements, you’re free to customize it however you see fit.</p>
<p>So, if renting has been cramping your style, it’s time to express yourself and jump on the latest trends (if you want to). Whether that’s small home improvements or full-on renovations, your house can be exactly what you want and need it to be. And as your tastes and lifestyle change, so can your home. Picture coming home each day to a place that feels like you. That’s a feeling like no other. </p>
<h3>Bottom Line</h3>
<p>If you want to enjoy a sense of accomplishment and pride in where you’re living, connect with a real estate agent to go over what you need to do now to make this future happen for you.</p>
</div>
</div></article>