The Other Reasons to Own a Home
The majority of articles advocating home ownership center around financial benefits—fixed monthly expenses, tax benefits, accruing equity, etc.—and indeed these incentives do propel many people to purchase a Magnolia TX home. According to two recent polls (Gallop and the Allstate / National Journal survey), however, other more intangible factors also motivate the purchase of a piece of real estate.
- Sense of community: As a Magnolia TX homeowner, you’ll be centered in a strong community of like-minded people, which can be a valuable asset for you and your family. Homeownership brings a sense of pride in both your home and your community. Various studies suggest that a higher homeownership rate brings lower crime rates, higher property values, better educated children, and ultimately closer communities. Investing in a home may also mean investing in your family and your community by getting involved. Once you own a home, you feel more attached to the area in which you live. You’re more interested in what happens in your neighborhood, to the roads, schools, and shopping areas.
- Renewed belief in the American Dream: Although confidence in that dream has faltered in recent years, the desire to own a home is rebounding, especially among younger buyers and members of diverse ethnic groups. Pride and family stability are important factors in today’s dream. Your house is the physical manifestation of your years of hard work and financial responsibility. And nothing says “success story” like owning your very own piece of the American dream.
- Higher academic achievement of children: Consistent findings show that homeownership does have a significant positive impact on educational achievement. Some studies find that homeownership brings residential stability, and it is this stability that raises educational attainment. Another asserts that while homeownership raises educational outcomes for children, neighborhood stability further enhances the positive outcome. Additional research has shown that there is an increased chance of success in many areas for the children of homeowners,
- Freedom to “do your own thing.” If you own your house, the home imp rovement store is your oyster! You can paint, remodel, remove, or restyle just about anything in your home to meet your individual needs and/or reflect your tastes and personality.
Owning a home is certainly a wise investment—in so many ways!
Whether you are new to the Magnolia Texas real estate market, thinking of moving up, or you’re an experienced investor, Pam Sitterly has the expertise, proven track record, and resources to help you buy Magnolia TX real estate for sale or market Magnolia TX homes for sale. Enthusiasm, knowledge of the area and personal concern for her client’s interests combine to make Pam an outstanding resource for your real estate transactions.
Pam works extensively to help Buyers and Sellers meet their Magnolia Texas real estate goals. For more information about buying or selling your Magnolia TX home, please call Pam at 281-723-0324 or via email with this convenient contact form.