“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.
“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.
“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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