In a new study, almost 70% of renters said they would be happy if they owned their own home, but 60% said it was out of their price range. On the other hand, 90% of homeowners say they are happy now that they have a home.
When asked to name the biggest benefit of owning a home, owners most often said privacy (14%), while renters most often said security (16%).
Homeowners are happier than renters in every way, from overall quality of life to mental health, according to a new study from Clever Real Estate's Home Bay. Home Bay is an online publication that connects readers with real estate experts.
But even though 69% of renters think they would be happy if they owned a home, 60% say they can't afford one.
The poll found that homeowners are 20% happier than renters, who rate their overall happiness at just 6.2 out of 10. Also, renters are 22% more stressed than homeowners, with an average score of 6.2 out of 10 for stress compared to 5.1 out of 10 for homeowners.
Also, about two-thirds of renters (67%) are worried about their money, while only four percent of homeowners are stressed about it. Additionally, renters are 86% more likely than landlords to not think they are financially stable.
One hundred and eighty percent of homeowners say they're happier overall since they bought a home. Another eighty percent say it was the best move they ever made.
More than half of homeowners (52%) say it costs more than they thought it would and is harder than they thought it would be. Twenty percent of residents say they have more debt than they did before they bought their homes.
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About Realtor Scott Garrison:
Bringing over 36+ years of experience as a local Orlando Realtor, Top Central Florida Realtor SCOTT GARRISON at ReMax Town & Country Real State has helped perhaps more Orlando-Area families and investors buy and sell Central Florida Residential Real Estate than any other of the #19,000+ Orlando Realtors currently working in the Central Florida area!
Living in Oviedo and with RE/MAX Real Estate offices in both WINTER SPRINGS, Florida and WINTER PARK, FL, Top Realtor SCOTT GARRISON actively serves your best Residential Real Estate needs virtually anywhere you’d want to be in Central Florida… including Orange, Seminole, Volusia, Osceola, Brevard, and Lake Counties. Scott has lived here in the Central Florida local Orlando-Area for nearly all of his life, attending the local Winter Park High School and graduating with several degrees from the nearby University of Central Florida.
As a Top Seminole & Orange County Real Estate Agent, Realtor Scott Garrison also has extensive experience in Residential Sales and Purchases, Vacant Land and in helping clients with Foreclosures and Short Sales! He owns multiple Rental Property right here in the area, and over the years, has done many “flips” by buying “ugly houses” and making them Pretty for a new buyer, so he also understands the Real Estate Investor mindset! Call Scott today to find out why “This Realtor WORKS!”
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