Canada Mortgage and Housing Corp. recently teamed with Habitat for Humanity to study the impact of homeownership on families. The 2012 study asked 2,200 families who moved into a Habitat home in the past year how their lives have changed.
The results of the study are staggering: 89% of families said their lives have improved and 86% said they are happier. Of the 2,200 families, 80% had school-age children. Additionally, the children had increased confidence, improved behavior, higher grades and increased enjoyment of school since moving into the home. They also participated in more extra-curricular activities such as sports, music, arts and volunteering.
Most of the families were previously in rental housing, and more than three-quarters of those surveyed said their health had improved. Fewer illnesses, fewer doctor’s visits and fewer missed days at work due to illness all contributed to a happier lifestyle. Based on the inspections that houses must go through when buyers are looking, many of these improvements are due to moving into safer, healthier homes. Shorewest recently detailed that buying is actually a better financial deal than renting, another incentive to transition now from renting to owning.
The housing market has continued to grow over the past few years, and its strength is a testament to consumer desire for and satisfaction with homeownership. With 89% of family lives improving after moving into a home, it’s hard to argue with the numbers! If you’re thinking about buying or selling, please consider working with Shorewest, REALTORS®, Wisconsin’s #1 Top Workplace. With our innovative website, the new ShorewestTV On Demand and a stronger market share in southeastern Wisconsin than other real estate companies, it’s no surprise that Shorewest is Wisconsin’s Largest Home Seller™. Buy or sell with a Shorewest agent today to move toward a happier and healthier lifestyle!
Categories: Home Buying