Hamilton, NJ - Community and Homeownership

Real Estate Agent with RE/MAX Tri County

A new report from the National Association of Realtors, Social Benefits of Homeownership and Stable Housing, explores the impact of stable housing and the positive social outcomes resulting from homeownership.  Homeowners who are more active in their communities benefit from improved education opportunities and report higher levels of self-esteem and happiness when compared to renters, according to leading research.  Key findings include:

1.  Stability
NAR's study identifies research from government, industry and academia that found a relationship between homeownership and stable communities. Homeowners move far less frequently than renters, and therefore are embedded into the same neighborhood and community for longer. This allows for social cohesion, ultimately resulting in social benefits and stronger communities.

2.  Educational Achievement
Several research studies cited in the NAR report have found that homeownership has a significant impact on educational achievement. For instance, the decision by teenage students to stay in school is higher for those raised by parents who are homeowners compared to those whose parents are renters. Access to economic and educational opportunities are also more prevalent in neighborhoods with high rates of homeownership. Furthermore, studies have shown that changing schools frequently due to moving impacts a child's educational outcome negatively.

3.  Involvement
Civic participation is another social benefit resulting from homeownership and stable housing. Homeowners are proven to be more politically active and are more likely to vote in local elections compared to renters. In addition, homeowners have a higher membership in voluntary organizations.

4.  Less crime
Homeowners are more motivated to deter crime by forming and implementing voluntary crime prevention programs. In addition, it is easier for homeowners to recognize perpetrators in stable neighborhoods because of extensive social ties. Unstable neighborhoods often display social disorganization which can lead to higher levels of crime.

5.  Pride of ownership
Homeowners spend more time and money maintaining their home than renters. Neighbors also influence other homeowners to improve their property, resulting in a better overall quality of the community.

As I drive around Mercer County, NJ, show buyers homes to consider, and help sellers deal with today's market, all of these points are reinforced for me on a daily basis.  Our communities and educational opportunities are so strong here, and offer such opportunities, that I am not only pleased to be a homeowner and live in Mercer County, but also very lucky to represent our area to others.

Call or email me to discuss relocation to Hamilton and other Mercer County townships and surrounding areas.  The variety and quality of life offered here are hard to beat.

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