What are the benefits of home ownership?
This is a great market for homebuyers. The combination of tax credits, down payment assistance, low interest rates and home values make this a great time to purchase a home. Owning a home may even be less expensive than renting! But, there are even more benefits to owning a home than just price.
For the Family
• Provides a stable living situation
• Creates a solid economic foundation
• Develops personal responsibility
• Breaks dependence on landlords
• Provides a safe, stable environment where children can thrive
• Mortgage payment will remain steady, whereas rent may increase
• Is a source of confidence and pride
For the Community
• Provides increased stability within the neighborhood
• Promotes a safe environment where families interact with and look out for one another
• Fosters neighborhood pride and affiliation
• Develops opportunities for community advancement through the support of local banks, businesses and payment of city taxes
For Society
• Energy-efficient homes not only reduce utility bills, they also are earth-friendly
• One safe, stable neighborhood will positively influence the bordering neighborhood and that one will affect the next
• As homeowners take pride in caring for their home and community, we can’t help but step closer to a safer, healthier world |
