Many homeowners enjoy the financial and emotional benefits of owning property. Here are a few reasons to swoon over your space.
Home sweet home. It’s the place that greets you after a hard day at work – or in your home office. The place where you relax, laugh, celebrate, eat, drink, and do the things you want to do. What’s not to love about a place like that?
Many buyers find love in their home search – “I love this kitchen!” “The dogs would love this backyard!” “I’d love to spend Friday nights on this porch!” – and even in the idea of moving on (“We’d love to have more space than our cramped apartment”).
Home is where families and friends share love for one another, and where everyone loves the dog (How can you not? “Who’s a good boy?”) And what makes this love affair with home even more rewarding and long-lasting? Homeownership!
In the spirit of Valentine’s Day, here are four reasons to love a home you own.
1. It provides shelter – and comfort
A long day or a trip away reinforces the idea that there’s no place like home. Not only does a home provide shelter by way of a roof overhead, but it also acts as a template for recharging. From lounging in a favorite recliner chair to snagging the best spot on the couch to gathering around the kitchen table for memorable conversations, a home you own is a sanctuary of comfort.
2. It helps generate equity
For many, homeownership is a significant way to build wealth that can span across generations. Equity is built by paying down a mortgage, plus completing regular maintenance, making necessary repairs, and even renovating the home over time.
By paying your mortgage rather than a landlord’s, you add to your financial wellbeing.
3. It allows room for personalization
Renting a home comes with strings attached – many of which involve following regulations with paint color, nails to hang art, landscaping, décor, and more. When you own your home, the opportunity to customize the place is virtually limitless.
Best of all, the style of your home can evolve over time. Knowing you have the freedom to shake things up at any moment means your home can grow alongside you and your family.
Additionally, many dog owners know the difficulties of trying to rent a property with a pet. When you own your home – short of some condo stipulations – Fido is welcome, too. And if your home has outdoor space, you can help make it as pet-friendly as possible.
4. It’s the backdrop for lifelong memories
In recent years, more of life happens at home. Across time, a house continues to be the center for gathering with friends and family, celebrating holidays, hosting neighbors, cooking meals indoors, enjoying sunshine outdoors, and so many other things you love to do.
Many people appreciate their home for its convenient location, proximity to family, nearby entertainment, and the surrounding community. When homeowners look back on the purchase of their house, they often fondly reflect on the memories that have since made it into a home.
Article originally appeared on RE/MAX.com.
