You probably know that owning your own home can benefit you financially, but home ownership also comes with many health, wealth, and social perks.
Check out these five ways home ownership could make your life even better:
- Homeowners report better psychological and physical health than non-owners.
- Homeowners are far less likely to become crime victims than non-owners.
- Homeowners are more likely to live in neighborhoods with more opportunities for school involvement or participation in neighborhood activities.
- The average homeowner’s net worth is 35 times that of the average renter.
- Homeowners bring stability to neighborhoods. They move far less frequently than non-owners and are embedded into the area and community longer.
Source: National Association of REALTORS®
