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CHILDREN BENEFIT from Home Ownership in Santa Cruz / Monterey County

Reblogger
Mortgage and Lending with Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI NMLS #138061 MMCD #1141

    

     Terri points out a benefit of home ownership that doesn't get talked about enough - the positive effect on children.  Growing up, my parents were always renters and it took a long time to afford home ownership for them, but I watched them plan, watched them save, and saw how happy they were when they finally had a place that was all theirs. 

     I've seen many instances where people that are lifelong renters buy their first home and have no idea what to do when something breaks - no idea who to call, and no idea how to fix things.

     The stability of living in the same place is also an understated benefit - growing up with my parents renting, we also moved around a bit - thankfully they kept me in the same school district, but sometimes that meant less than optimal homes.  Community is important to me, and living in the same place allows children a better chance of getting involved in their community from a young age.  I really enjoyed this post & I'm sure you will, too.

 

Original content by Terri Woods Call Terri today!

Why should I buy a home?

Owning a home benefits your children

 

Many people are asking that question. Especially those who were burned by the recent housing downturn. 

Some lost their homes through short sales, foreclosures and/or bankruptcy. And now, they are a little hesitant to get back into the housing ownership group again. Is this you?

I know, I know. We all know the financial benefits. Gain equity through appreciation. Tax deductions. Capital Gain exclusions.

BUT… DID YOU KNOW THAT HOME OWNERSHIP ACTUALLY BENEFITS YOUR KIDDOS?

Why is that?

  • Stability – Research has shown that the longer a child stayed in one place (same house, same school), the higher test scores, the lower the discipline, and the higher the graduation rate and the lower teen pregnancy rate.
  • Better living environment – Besides safety, children of parents who own homes experience better physical and emotional settings than renters. Families tend to eat dinner together, and have better ‘play’ areas.
  • Problem solving techniques – Children of parents who own homes experience their parents ‘fixing’ things that are broken, whether it is a Do-It-Yourself project, or calling a plumber. Those skills are not to be taken lightly. Renters tend to call the landlord for all issues.
  • Better learning environment – Something as simple as better lighting greatly affects the environment for children to learn, read, study. In homes of that parents own, the lighting is generally better.
  • Increased education results in higher lifetime income for children of parents who own a home.

Though each family situation is unique, the study shows that home ownership is more than a financial gain. It can also be attributed to leaving a positive legacy.

For more information visit Social Benefits of Home Ownership.
 

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John Meussner
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Comments (5)

Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

We moved into the house my Mother still owns when I was 7 years old.....that was 57 years ago.  I'd say they gave us a pretty stable home life.

Jan 13, 2014 08:20 PM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

That is stability for sure Roger.  Thanks for the comment!

Jan 14, 2014 05:42 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

John, I think it also set a good example of responsibility like you said it did for you watching your parents plan for the big purchase.

Jan 14, 2014 05:54 AM
Terri Woods
Benton, Linn and Douglas Counties - Days Creek, OR
Selling Homes and Land in Oregon

John, thank you so much for the repost. I am so thankful to ActiveRain. I have learned so much myself when searching for topics to blog about. This was actually a surprise to me. I had no idea that children actually do better when parents own a home. It does make sense though. Thanks again.

Jan 14, 2014 12:27 PM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

It definitely set the example for me, Debbie.  Plus, I'd have much preferred to stay in one place growing up.

Terri - no problem, thanks for writing such a great blog!

Jan 14, 2014 02:50 PM