{"id":2672,"date":"2022-05-18T15:38:04","date_gmt":"2022-05-18T15:38:04","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2672"},"modified":"2022-05-18T15:38:04","modified_gmt":"2022-05-18T15:38:04","slug":"homeownership-can-bring-joy","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/homeownership-can-bring-joy\/","title":{"rendered":"How Homeownership Can Bring You Joy"},"content":{"rendered":"
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How Homeownership Can Bring You Joy<\/p><\/div>\n

If you\u2019re trying to decide whether to rent or buy a home, you\u2019re probably weighing a few different factors. The financial benefits<\/a> of homeownership might be one of the reasons you want to make a purchase if you\u2019re a renter, but the decision can also be motivated by having a place that\u2019s uniquely your own.<\/p>\n

If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home.<\/strong><\/p>\n

A Little Change Can Bring Lots of Joy<\/strong><\/h4>\n

There\u2019s a significant level of pride that comes from owning a home<\/a>. That\u2019s because it\u2019s a space that truly belongs to you.<\/p>\n

A recent report<\/a> from the National Association of Realtors<\/em> (NAR) shows making updates or remodeling your home can help you feel more at ease and comfortable in your living space. NAR measures this with a Joy Score<\/em> that indicates how much happiness specific home upgrades bring. According to NAR:<\/p>\n

\u201cThere were numerous interior projects that received a perfect Joy Score of 10:<\/em><\/strong> paint entire interior of home, paint one room of home, add a new home office, hardwood flooring refinish, new wood flooring, closet renovation, insulation upgrade, and attic conversion to living area.<\/em>\u201d<\/p><\/blockquote>\n

The report also breaks down just how much each of these projects can enhance your emotional attachment to your home, even leading you to want to spend even more time in the space (see graph below):<\/em><\/p>\n

\"Graph\"

Customization Can Bring You Happiness<\/p><\/div>\n

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And while many of the items NAR highlights are larger tasks, some, like painting rooms, are much smaller. Even those quicker projects can still bring you a greater sense of joy and accomplishment. Not to mention when you make upgrades in your home, you could be increasing its value which also gives your net worth<\/a> a boost if you invest your time and effort wisely.<\/p>\n

You\u2019re Free To Update Your Home to Your Heart\u2019s Content<\/strong><\/h4>\n

These types of updates can result in additional happiness<\/a> when you complete them, but there\u2019s another reason you can feel good as a homeowner. In most situations, you\u2019re free to renovate or update the interior of your home without needing additional permission. But as Business Insider<\/em>points out<\/a>, renters may not have the same freedom:<\/p>\n

\u201cYour landlord won\u2019t always approve changes when you rent. But you have the power to update the home when you\u2019re the owner.<\/strong> (Just make sure any big changes are approved by your homeowner\u2019s association, if necessary.)\u201d<\/em><\/p><\/blockquote>\n

If you do make changes as a renter, there\u2019s a good chance you\u2019ll need to revert them back at the end of your lease based on your rental agreement. That can add additional costs when you move out. That\u2019s one major benefit<\/a> of owning your own home. Unless there are specific homeowner\u2019s association requirements, you typically won\u2019t have to worry about the changes you can and can\u2019t make.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Deciding whether to rent or buy is a personal decision. The financial benefits are critical, but don\u2019t overlook the emotional impact homeownership can have. Let\u2019s connect to discuss all the benefits you can enjoy when you purchase your own home.<\/p>\n<\/div>\n<\/div>\n<\/article>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em><\/h5>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home.
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