Why Homeownership Matters

Owning a home has long been considered the American Dream. Statistics show that no matter the generation, Americans overwhelmingly believe that homeownership is important. Whether personal, emotional, or financial, there are many reasons why homeownership matters.

Here are just a few:

Helps to Build Equity 
Money paid toward rent goes into the pockets of your landlord. However, when you purchase your own home, a portion of your monthly mortgage payment, known as the principal, will allow you to build equity in your home. Later down the road you can borrow against the equity in your home to pay for renovations, college tuitions, weddings, debt, or anything else that you would like.  

Appreciates Over Time

Real estate consistently appreciates in value, meaning that your home is acting as an investment. On average, home prices have risen from 3-6% over the last 20 years, according to data analytics company Black Knight. Not only has buying a home proven to be a sound financial investment, it also provides stability for you and your family over the years.  

Provides Stability for You and Your Family

When you purchase a home, you’re not only making a smart investment, but you’re also providing a stable place for you and your family to live. No need to worry about rent increases, or having your rental sold from under you. So, whether you plan to have fur babies, or children of your own, raising them in a home that you own can provide them the stability they need to flourish.  

Allows You to Customize Your Home 


If there’s anything we’ve learned in 2020, it’s that having a comfortable and thoughtfully designed home is more important than ever. When you own your home, you’re free to paint the walls, decorate in your own style, make upgrades or renovations as you see fit, or put a fence up for your dog. (Did you know: 33% of millennial homebuyers say the decision to purchase a home was driven by their dog. Compare that to 25% who cited marriage as their primary reason to buy a home.)  

Benefits the Community

Not only do homeowners play a crucial role in building stable communities through property taxes, but research also shows that areas with higher homeownership levels also have higher levels of volunteerism, more participation in local elections, less crime, and improved health, according to The National Association of Realtors.   

This is not a commitment to lend.