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There is More to Simply Owning Your Own Home

I posted a video a while back about quantifying the value of your home and talked about how your home’s value isn’t just a reflection of how much work you have put in but that how you feel about the improvements matters too. There is definitely more to home ownership than just the financial side of things. How you feel about it and what you put into it emotionally is just as important and more often than not, these emotional reasons are more powerful and compelling when making big decisions about your home.

No matter what your living space is like, the way a home looks and feels can mean different things to different people. Whether it’s a color scheme or a favorite piece of furniture, that feeling you gain from owning your own home is certainly a rewarding one.

Frederick Peters, a contributor for Forbes, recently wrote about that feeling, and the pride that comes from owning your own home.

“As homeowners discover, living in an owned home feels different from living in a rented home. It’s not just that an owner can personalize the space; it touches a chord even more fundamental than that. Homeownership enhances the longing for self-determination at the heart of the American Dream. First-time homeowners, young or old, radiate not only pride but also a sense of arrival, a sense of being where they belong. It cannot be duplicated by owning a 99-year lease.”

Owning a home can bring a sense of accomplishment and confidence that often times cannot be achieved through renting. So, if you or someone you know is considering buying a home this year or wondering if you should continue to rent, please reach out and we can discuss whether now is the right time for homeownership for you!

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