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You are here: Home / Real Estate / The True Value of Homeownership

The True Value of Homeownership

June 1, 2023

The True Value of Homeownership Simplifying The Market

Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides. 

Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live.

Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride. 

You May Feel Happier and More Fulfilled 

Owning a home is associated with better mental health and well-being. Gary Acosta, CEO and Co-Founder at the National Association of Hispanic Real Estate Professionals (NAHREP), explains:

“Studies have shown the emotional and psychological benefits that homeownership has on a person’s health and self-esteem . . .”

Similarly, Habitat for Humanity says:

“Residential stability among homeowners is related to improved life satisfaction, . . . along with better physical and mental health.”

So, according to the experts, owning a home can improve your psychological wellness by making you feel happier and more accomplished.

You Can Engage in Your Neighborhood and Grow Your Sense of Community

Your home connects you to your community. Homeowners tend to stay in their homes longer than renters, and that can help you feel more connected to your community because you have more time to build meaningful relationships. And, as Acosta says, when people stay in the same area for a longer period of time, it can lead to them being more involved:

“Homeowners also tend to be more active in their local communities . . .”

After all, it makes sense that someone would want to help improve the area they’re going to be living in for a while.

You Can Customize and Improve Your Living Space

Your home is a place that’s all yours. When you own it, unless there are specific homeowner’s association requirements, you’re free to customize it however you see fit. Whether that’s small home improvements or full-on renovations, your house can be exactly what you want and need it to be. As your tastes and lifestyle change, so can your home. As Investopedia tells us:

“One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.”

Renting can limit your ability to personalize your living space, and even if you do make changes, you may have to undo them before your lease ends. The ability homeownership gives you to customize and improve where you live creates a greater sense of ownership, pride, and connection with your home.

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Owning your home can change your life in a way that gives you greater satisfaction and happiness. Connect with a local real estate professional today if you’re ready to explore homeownership and all it has to offer.

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DENVER REAL ESTATE & HOUSING BLOG

scott rodgers realtor blog Hi, I'm Scott Rodgers, a native of Denver and a professional Realtor serving the metro Denver metro area. In short, I help people buy and sell homes, and have built a bit of a reputation wearing a kilt to my clients' closings.

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Denver Real Estate Blog

  • How Remote Work Helps with Your House Hunt [INFOGRAPHIC] September 22, 2023
  • The Many Non-Financial Benefits of Homeownership September 21, 2023
  • Remote Work Is Changing How Some Buyers Search for Their Dream Homes September 20, 2023
  • Your Home Equity Can Offset Affordability Challenges September 19, 2023
  • Are More Homes Coming onto the Market? September 18, 2023
  • Plenty of Buyers Are Still Active Today [INFOGRAPHIC] September 15, 2023
  • Why Is Housing Inventory So Low? September 14, 2023
  • Should Baby Boomers Buy or Rent After Selling Their Houses? September 13, 2023
  • What Experts Project for Home Prices Over the Next 5 Years September 12, 2023
  • Planning to Retire? Your Equity Can Help You Make a Move September 11, 2023

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