{"id":832,"date":"2020-06-01T15:00:56","date_gmt":"2020-06-01T15:00:56","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=832"},"modified":"2020-06-01T15:00:56","modified_gmt":"2020-06-01T15:00:56","slug":"benefits-homeownership-may-reach-think","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/benefits-homeownership-may-reach-think\/","title":{"rendered":"The Benefits of Homeownership May Reach Further Than You Think"},"content":{"rendered":"<div id=\"attachment_833\" style=\"width: 760px\" class=\"wp-caption aligncenter\"><img aria-describedby=\"caption-attachment-833\" decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-833\" src=\"http:\/\/phphouses.com\/blog\/wp-content\/uploads\/2020\/06\/20200601-KCM-Share-1.jpg\" alt=\"\" width=\"750\" height=\"410\" srcset=\"https:\/\/phphouses.com\/blog\/wp-content\/uploads\/2020\/06\/20200601-KCM-Share-1.jpg 750w, https:\/\/phphouses.com\/blog\/wp-content\/uploads\/2020\/06\/20200601-KCM-Share-1-300x164.jpg 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><p id=\"caption-attachment-833\" class=\"wp-caption-text\">The Benefits of Homeownership May Reach Further Than You Think<\/p><\/div>\n<p>More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They\u2019re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today,\u00a0<a title=\"65.3%\" href=\"https:\/\/www.mykcm.com\/2020\/05\/04\/u-s-homeownership-rate-rises-to-highest-point-in-8-years\/\">65.3%<\/a>\u00a0of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.<\/p>\n<p>June is\u00a0<a title=\"National Homeownership Month\" href=\"https:\/\/nationaldaycalendar.com\/national-homeownership-month-june\/\" target=\"_blank\" rel=\"noopener noreferrer\">National Homeownership Month<\/a>, and it\u2019s a great time to reflect on the benefits of owning your own home. Below are some\u00a0<a title=\"highlights\" href=\"https:\/\/www.nar.realtor\/sites\/default\/files\/documents\/white-paper-homeownership-incentivized-by-federal-system-02-06-2020.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">highlights<\/a>\u00a0and quotes recently shared by the\u00a0<em>National Association of Realtors\u00a0<\/em>(NAR). From non-financial to financial, and even including how owning a home benefits your local economy, these items may give you reason to think homeownership stretches well beyond a sound dollars and cents investment alone.<\/p>\n<h4><strong>Non-Financial Benefits<\/strong><\/h4>\n<p>Owning a home brings families a sense of happiness, satisfaction, and pride.<\/p>\n<ul>\n<li><strong>Pride of Ownership:\u00a0<\/strong>It feels good to have a place that\u2019s truly your own, especially since you can customize it to your liking.\u00a0<em>\u201cThe personal satisfaction and sense of accomplishment achieved through homeownership can enhance psychological health, happiness and well-being for homeowners and those around them.\u201d<\/em><\/li>\n<li><strong>Property Maintenance and Improvement:\u00a0<\/strong>Your home is your stake in the community, and a way to give back by driving value into your neighborhood.<\/li>\n<li><strong>Civic Participation:<\/strong>\u00a0Homeownership creates stability, a sense of community, and increases civic engagement. It\u2019s a way to add to the strength of your local area.<\/li>\n<\/ul>\n<h4><strong>Financial Benefits<\/strong><\/h4>\n<p>Buying a home is also an investment in your family\u2019s financial future.<\/p>\n<ul>\n<li><strong>Net Worth:<\/strong>\u00a0Homeownership builds your family\u2019s net worth.\u00a0<em>\u201cThe median family net worth for all homeowners ($231,400) increased by nearly 15% since 2013, while net worth ($5,000) actually declined by approximately 9% since 2013 for renter families.\u201d<\/em><\/li>\n<li><strong>Financial Security:<\/strong>\u00a0Equity, appreciation, and predictable monthly housing expenses are huge financial benefits of homeownership. Homeownership is truly the best way to improve your long-term net worth.<\/li>\n<\/ul>\n<h4><strong>Economic Benefits<\/strong><\/h4>\n<p>Homeownership is even a local economic driver.<\/p>\n<ul>\n<li><strong>Housing-Related Spending<\/strong>: An economic force throughout our nation, housing-related expenses accounted for more than one-sixth of the country\u2019s economic activity over the past three decades.<\/li>\n<li><strong>GDP Growth:<\/strong>\u00a0Homeownership also helps drive GDP growth as the country aims to make an economic rebound.\u00a0<em>\u201cEvery 10% increase in total housing market wealth would translate to approximately $147 billion in additional consumer spending, or 0.8% of GDP, as well as billions of dollars in new federal tax revenue.\u201d<\/em><\/li>\n<li><strong>Entrepreneurship<em>:<\/em><\/strong>\u00a0Homeownership is even a form of forced savings that provides entrepreneurial opportunities as well.\u00a0<em>\u201cOwning a home enables new entrepreneurs to obtain access to credit to start or expand a business and generate new jobs by using their home as collateral for small business loans.\u201d<\/em><\/li>\n<\/ul>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>The benefits of homeownership are vast and go well beyond the surface level. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact on your local economy. If owning a home is part of your dream, let\u2019s connect today so you can begin the homebuying process.<\/p>\n<p><strong>Contact us:<\/strong><br \/>\nPHP Houses<br \/>\n142 W Lakeview Ave<br \/>\nUnit 1030<br \/>\nLake Mary, FL 32746<br \/>\nPh:\u00a0<span id=\"gc-number-1\" class=\"gc-cs-link\" title=\"Call with Google Voice\">(407) 519-0719<\/span><br \/>\nFax:\u00a0<span id=\"gc-number-2\" class=\"gc-cs-link\" title=\"Call with Google Voice\">(407) 205-1951<\/span><br \/>\nemail:\u00a0info@phphouses.com<\/p>\n<p><strong>Let\u2019s Connect:<\/strong><br \/>\n<a href=\"https:\/\/www.facebook.com\/WeBuyHousesCentralFlorida\/\">Facebook<\/a><br \/>\n<a href=\"https:\/\/www.linkedin.com\/in\/walter-diloreto-25403710\/\">Linkedin<\/a><br \/>\n<a href=\"https:\/\/twitter.com\/WalterDiLoreto\">Twitter<\/a><br \/>\n<a href=\"https:\/\/www.instagram.com\/wdiloreto\/\">Instagram<\/a><\/p>\n<h6><em>THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Benefits of Homeownership <a class=\"continue\" href=\"https:\/\/phphouses.com\/blog\/benefits-homeownership-may-reach-think\/\">Finish Reading<span> The Benefits of Homeownership May Reach Further Than You Think<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36,69],"tags":[59,38,10,18,91,52,67,188,32,203,63,20,12,24,48,13,28,47,19,39,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/832"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=832"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/832\/revisions"}],"predecessor-version":[{"id":834,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/832\/revisions\/834"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}