Many people know that buying a home can be an excellent financial decision. But owning a home has many social benefits, too.

HEALTH AND HAPPINESS

Homeowners generally have fewer health problems and report greater happiness than renters – even when the homeowners and renters have the same incomes and education levels.

KIDS’ WELL-BEING

Homeownership may help parents engage in positive parenting behavior with more opportunities for school involvement or participation in neighborhood activities. And residential stability has a positive effect on reading and math performance of children between the ages of three and 12.

COMMUNITY INVOLVEMENT

Homeowners get more engaged in organizations that serve the community – like schools – regardless of whether they live in high-value or low-value homes. Homeowners also form more relationships with neighbors they van count on for support and friendship. And homeowners are more politically and civically active.

CRIME PREVENTION

Neighborhoods with more homeowners have less property and personal crimes than neighborhoods with more renters, even when comparing areas with similar socioeconomic characteristics.

Click here if you are ready to pursue homeownership!

 

Where does this information come from? Dozens of research studies over the last several decades have examined and confirmed the many positive aspects of owning a home. Click here to learn more about the research.

Article originally appeared in Texas Realtor Magazine, March 2018.