Well, the truth is, in a lot of ways. And these aren’t all bad (like having to cut the grass or repair things yourself). Many positive results occur when you purchase a home.

 

Financial security: Rather than giving your money to a landlord each month, you are making a monthly investment in your own home. This has a high chance to return to you in some form when you sell the home.

 

Neighborhood engagement: Homeowners have rights with an H.O.A. and a role to play in their neighborhood. This is a great way to invest in your community and put down roots.

 

Net worth: It has been estimated that the net worth of a homeowner is 44% higher than that of a renter. This reflects several dynamics but provides some meaningful statistics around how homeowners benefit from this investment.

 

Happiness and Stability: For many people, owning a home is a way to settle down.This stability often leads to peace of mind and happiness.