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You already know about the tax benefits of buying a home, how your mortgage is cheaper than rent and how you’re creating equity. Here are four unexpected side benefits of owning your home:
1. Pride. As soon as you get those keys in your hands, you will feel a sense of pride about your new home. Part of the American dream is to own a house — you’ve worked hard, saved well, spent smart and are now a homeowner.
2. Do-over. Your new home can be anything you want it to be. You can be a helpful neighbor, host a book club, share your garden, etc. It gives you the opportunity to be anyone you want to be.
3. Entertainment. A report from the National Association of REALTORS® found that homeownership positively impacts educational achievement, with homeowner’s having “a significant effect on their children’s success. The decision to stay in school by teenage students is higher for those raised by home-owning parents compared to those in renter households.” An additional study shows that “homeownership has positive effects on the academic achievement of children with significant effects of home environment, neighborhood quality and residential stability on the reading and math performance of children between the ages of three and 12.”
4. Coupons. Buying a home will unleash an unbelievable amount of junk mail. Although that sounds bad, there are always offers from big box companies, home décor outlets, window treatment businesses, etc. that you can take advantage of.
Owning your home can provide ample amount of happiness and pride. To find yours, contact a Shorewest Agent today!
Categories: Home Buying
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