Happiness Begins at Home

How homeonwership can import your finances and enhance your personal happiness.

Owning your own home is the American dream.  Pride of ownership, personal indepenedence and financial security are just a few of the many benefits to homeownership.  As you'll soon discover, some of the less apparent advantages can be just as valuable as the obvious assets.

Happiness can't be measured.

Some of the most significant benefits of owning your own home involve your personal contentment.  Buying a home is a major goal for most Americans and represents a significant accomplishment.  Maintaining and improving a home provides a great sense of satisfaction for many owners.  It can also afford you much more personalization so that your home can reflect your individuality.

Love thy neighbors.

Homeowners often have much more interest in improving their surrounding community through volunteer work and participation in local affairs.  Homeowners are also more likely to promote local beautifucation by improving their property and encouraging their neighbors to also take part.

 Here's to your health.

Homeowners actually score higher on health screenings and self-esteem tests.  The Joint Center for Housing Studies at Harvard University suggests that homeowners have more assets and can afford better healthcare when compared to renters.

Secure your financial future.

A home is the largest financial investment most people will ever make.  A home enables a family to build financial security as the equity in the home grows.  They can borrow against their home to provide for their childrens continuing education or for their own retirement.

Bank on savings.

Owning a home allows you to set a fixed mortgage payment that makes future financial commitments easier to estimate.  For most homeowners, their income will rise while their mortgage payment stays fixed, making the growth of a savings account more feasible.  Thiere are also significant tax savings for homeowners because they can deduct mortgage interest.

Everyone wins.

Homeownership provides greater financial stability, which in turn contributes to personal well being.  This can reduce stress and decrease financial distractions that may affect your professional life, allowing you to work more efficiently and improve your chances of promotion.