Don't ignore the facts... research continues to show that homeowners and their families achieve significant benefits if they own their home compared to those that rent.
To understand why this is the case, consider that homeownership...
- Generates wealth for homeowners and their families
- Results in better educational and behavioral outcomes for your children
- Improves physical and mental health for homeowners and
- Builds stronger and more engaged communities
If you are currently renting and want to find out more you can join us at one of our free financial freedom seminars or read on to get insight into the detailed research.
1. Homeownership is good for your pocket
“Homeowners enjoy substantial economic benefits. Homeowners can generate substantial equity in their homes through making mortgage payments on their bond and/or by the possible increase in value of their property. This equity can be used to make home additions, fund education for their children or start a new business.” – Habitat for Humanity
2. Owning a home of good for your children
|
Homeowners Children vs Renters Children |
|
|
Math achievement scores |
9% higher |
|
Reading achievement scores |
7% higher |
|
School drop-out rates |
2.8% vs 11.7% |
|
Give birth by age 17 |
4x lower |
3. Owning a home is good for your physical and mental health
People who own a home move less frequently and so tend to create more social ties and lasting relationships.
Homeowners have an increased positive outlook on life and report higher levels of life satisfaction.
Owner occupied homes are better maintained and so owners are healthier as they are less likely to suffer from respiratory and cardiovascular diseases and risks of home injuries.
4. Homeownership is good for your community
They also move less often - this creates a greater sense of responsibility and care toward their homes and their communities.
|
