More Than a House: The Emotional Benefits of Homeownership

With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home. That’s only natural as you think about the dollars and cents of it all.

And while you ultimately need to be able to afford a home you buy, don’t lose sight of why homeownership was so important to you in the first place. That’s because buying a home is so much more than just a financial transaction. As the National Association of Realtors (NAR) says:

“The benefits of purchasing and owning your place of residence are both financial and emotional – pride in homeownership and the feeling of security are huge intangible benefits.”

Here’s a look at just a few of those more emotional or lifestyle perks, to help anchor you to why homeownership is one of your goals.

A Sense of Satisfaction

Owning a home is often associated with better mental health and well-being. That’s probably because buying a home is a big milestone. And the sense of satisfaction and pride that comes with achieving that goal just feels good. A recent article from the Mortgage Reports says:

“By and large, homeownership brings more satisfaction than renting. . . Surveyees scored the overall happiness level of homeowners at 88% compared to 67% for renters.”

More Stability for Your Family

Another thing that may make homeowners feel more satisfied is that they’re finally able to put down roots. Think about it. If you’re used to moving each time your lease renews and your rent climbs, staying put for a while would be nice not just for you, but for any loved ones that live with you.

A home can provide more predictability and the chance to make long-term friends. That should reduce everyone’s stress too. As NAR explains:

“Families also benefit from homeownership, with studies proving that parents are able to spend less time in a stressed state, therefore spending more time with their children. The ability for parents to feel stable has a huge impact on children’s behavioral issues, educational success, and future economic success.”

A Stronger Feeling of Community

And if you’re also looking for a sense of belonging for yourself, homeownership can help with that too. As FinHabits says:

“Homeowners tend to be more involved in their local communities, leading to a stronger sense of belonging . . .”

It makes sense. Your home connects you to your neighborhood and, by extension, your broader community. That’s because owning a home gives you a stake in that community’s future. So, becoming more involved and wanting to do what you can to help improve the area while making long-term relationships with neighbors is only natural.

The Ability To Make the Space Your Own

And don’t forget, your home is a place that’s all yours. Unless you’ve got specific homeowner’s association requirements, you’re free to customize it however you see fit.

So, if renting has been cramping your style, it’s time to express yourself and jump on the latest trends (if you want to). Whether that’s small home improvements or full-on renovations, your house can be exactly what you want and need it to be. And as your tastes and lifestyle change, so can your home. Picture coming home each day to a place that feels like you. That’s a feeling like no other. 

Bottom Line

If you want to enjoy a sense of accomplishment and pride in where you’re living, let’s have a conversation to go over what you need to do now to make this future happen for you.

83 Properties
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$625,000
Neighborhood: Warm Mineral Spgs
11
Beds
10
Baths
2,550
Sq.Ft.
1968
Year Built
1
Day on Site
N6133391
MLS
$539,900
Neighborhood: Port Charlotte Sec 071
3
Beds
2
Baths
1,705
Sq.Ft.
2023
Year Built
1
Day on Site
D6136998
MLS
$675,000
Neighborhood: Rotonda West Broadmoor
4
Beds
3
Baths
2,420
Sq.Ft.
2006
Year Built
2
Days on Site
N6129431
MLS
$544,900
Neighborhood: Port Charlotte Sec 072
3
Beds
2
Baths
1,098
Sq.Ft.
2024
Year Built
3
Days on Site
C7494053
MLS
$749,999
Neighborhood: Hrbr Heights
4
Beds
3
Baths
2,629
Sq.Ft.
2002
Year Built
3
Days on Site
C7493333
MLS
$650,000
Neighborhood: Port Charlotte Sec 043
3
Beds
2
Baths
1,559
Sq.Ft.
1971
Year Built
4
Days on Site
C7493878
MLS
$729,500
Neighborhood: Punta Gorda Isles Sec 17
3
Beds
2
Baths
1,767
Sq.Ft.
1980
Year Built
5
Days on Site
C7493872
MLS
$599,900
Neighborhood: Port Charlotte Sec 58
3
Beds
2
Baths
2,085
Sq.Ft.
2024
Year Built
5
Days on Site
C7493823
MLS
Open 6/15
9203 Griggs Rd #304 Englewood,  FL 34224
$825,000
Neighborhood: Grande Preserve On Lemon Bay P
3
Beds
2F11/2
Baths
2,028
Sq.Ft.
2005
Year Built
6
Days on Site
C7492853
MLS
$544,900
Neighborhood: Port Charlotte Sec 072
6
Beds
4
Baths
1,098
Sq.Ft.
2024
Year Built
7
Days on Site
C7493889
MLS
$875,000
Neighborhood: Port Charlotte Sec 049
3
Beds
2
Baths
1,872
Sq.Ft.
1996
Year Built
15
Days on Site
N6133064
MLS
Open 6/15
17926 Grand Prosperity Dr Venice,  FL 34293
$635,000
Neighborhood: Sunstone Village F5 Ph 1A & 1B
3
Beds
2
Baths
2,005
Sq.Ft.
2023
Year Built
16
Days on Site
C7493181
MLS

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