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Benefits of Home Ownership
If you've been renting a home or condominium, it may seem easier and more cost-effective to continue as a renter for the foreseeable future. While the real estate market has seen some downturns in recent history, there are still very compelling emotional and financial reasons to own your home.
Happy Homeowners
For decades, part of the American dream included purchasing a home. It's the outward sign of success and provides an opportunity to shape your living environment and community in ways that are unavailable or difficult for renters. Some studies even suggest that homeowners report greater life satisfaction and exhibit better psychological health than non-homeowners.
Owning a home generally offers greater stability and security. Homeowners don't have to check with a landlord to make improvements or change paint colors or flooring. That control seems to have an effect on self-esteem and the homeowner's sense of security. Homeowners live in their homes for longer periods of time than do renters, creating a stability for their families and their communities.
If living in an environmentally conscious way is important to you, owning your home gives you the opportunity to shape your living environment to lessen your "carbon footprint" and save a little money. ... more

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