{"id":3398,"date":"2021-02-08T05:00:01","date_gmt":"2021-02-08T11:00:01","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/6-foundational-benefits-of-homeownership-today\/"},"modified":"2021-02-08T05:00:01","modified_gmt":"2021-02-08T11:00:01","slug":"6-foundational-benefits-of-homeownership-today","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/6-foundational-benefits-of-homeownership-today\/","title":{"rendered":"6 Foundational Benefits of Homeownership Today"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/02\/05105410\/20210208-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"6 Foundational Benefits of Homeownership Today | Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>Over the past year, our homes have become an integral part of our lives more than ever. They\u2019re much more than the houses we live in. They\u2019re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, <a href=\"https:\/\/www.census.gov\/housing\/hvs\/files\/currenthvspress.pdf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">65.8%<\/a> of Americans are fortunate enough to call their homes their own.<span id=\"more-43832\"><\/span><\/p>\n<p>As we continue to think about the future, our goals for the year, and what we want to achieve well beyond 2021, it\u2019s a great time to look at the benefits of owning a home. Below are some <a href=\"https:\/\/www.nar.realtor\/sites\/default\/files\/documents\/white-paper-homeownership-incentivized-by-federal-system-02-06-2020.pdf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">highlights<\/a> and quotes on the benefits of homeownership shared by the<em> National Association of Realtors <\/em>(NAR). From feel-good motivations to economic and social impacts on the local community, these items may give you reason to believe homeownership stretches well beyond your financial investment.<\/p>\n<h4><strong>Non-Financial Benefits<\/strong><\/h4>\n<p>Owning a home brings a sense of happiness, satisfaction, and pride.<\/p>\n<ul>\n<li><strong>Pride of Ownership:<\/strong> It feels good to have a place that\u2019s truly your own, especially since you can customize it to your liking. <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>Civic Participation:<\/strong> Homeownership creates stability, a sense of community, and increases civic engagement. It\u2019s a way to add to the strength of your local area and drive value into your neighborhood.<\/li>\n<\/ul>\n<h4><strong>Financial Benefits<\/strong><\/h4>\n<p>Buying a home is also an investment in your financial future.<\/p>\n<ul>\n<li><strong>Net Worth<\/strong>: Homeownership builds your <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/10\/07\/a-homeowners-net-worth-is-40x-greater-than-a-renters\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">net worth<\/a>. Today, the median household net worth of all homeowners is <strong>$254,900<\/strong>, while the median net worth of renters is only <strong>$6,270<\/strong>.<\/li>\n<li><strong>Financial Security:<\/strong> Equity, appreciation, and more predictable monthly housing expenses are huge financial benefits of owning a home. Homeownership is truly the best way to improve your long-term financial position.<\/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>Entrepreneurship:<\/strong> Homeownership is also a form of forced savings that can provide entrepreneurial opportunities<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 go well beyond the basics. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact in your community. If owning a home is part of your dream this year, let\u2019s connect so you can begin the homebuying process today.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past year, our homes have become an integral part of our lives more than ever. They\u2019re much more than the houses we live in. They\u2019re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8% of Americans are fortunate enough to call their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3399,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3398","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>6 Foundational Benefits of Homeownership Today&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/6-foundational-benefits-of-homeownership-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 Foundational Benefits of Homeownership Today&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Over the past year, our homes have become an integral part of our lives more than ever. 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