The top 4 reasons to own a home cited by respondents were not financial.
1. It means having a good place to raise children & provide them with a good education
From the best neighborhoods to the best school districts, even those without children at the time of purchasing their home, may have this in the back of their mind as a major reason for choosing the location of the home that they purchase.
2. You have a physical structure where you & your family feel safe
It is no surprise that having a place to call home with all that means in comfort and security is the #2 reason.
3. It allows you to have more space for your family
Whether your family is expanding, or an older family member is moving in, having a home that fits your needs is a close third on the list.
4. It gives you control over what you do with your living space, like renovations and updates
Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you can’t in your own home?
The 5th reason on the list, is the #1 financial reason to buy a home as seen by respondents:
5. Owning a home is a good way to build up wealth that can be passed along to my family
Either way you are paying a mortgage. Why not lock in your housing expense now with an investment that will build equity that you can borrow against in the future?
Whether you are a first time homebuyer or a move-up buyer who wants to start a new chapter in their life, the holiday season is a great time to reflect on the intangible factors that make a house a home.
Author:Keith Judish Phone: 623-224-7956 Dated: December 30th 2014 Views: 106 About Keith: O'Keith Judish licensed REALTOR® with Realty ONE Group serving the West Valley and Phoenix Metrople...
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Owning a home has great financial benefits, yet many continue to rent!
"O'Keith is absolutely amazing!! He was very helpful and honest with the whole process of buying my home as well as selling my previous home. He advised me of the things I should look for in my purchase and he would spend a whole day with me showing houses. All of the offers we put in were very well thought out by him and his staff so that we would get the best results.
He is very knowledgeable of the different areas around the valley and what the potential resale values are. He also helped both of my sisters find their beautiful homes. I would recommend O'Keith to anyone looking to buy, sell, or rent out their homes. He is a wonderful person to work with."