Jeff’s Carlsbad Blog for First Time Home Buyers

Why Homeownership?

Posted in Homeownership by Jeff Dowler on October 8, 2006

As a first time buyer you have likely thought a great deal about why you want to own a home.  Or perhaps you just think it’s a good idea but have not considered the various reasons why. Here are a few…

1. Homeownership is the fulfillment of the American dream.

2. Owning a home is one of the best ways to accumulate wealth

3. It provides shelter and security for you, and for your family or friends

4. Being in a home fosters community involvement and participation in varous democratic institutions

5. There can be significant tax advantages to owning a home

6. Being a homeowner with a mortgage can significantly improve your credit (provided, of course, that you make all payments in a timely manner)

7. Owning a home provides an incentive for people to care about social and economic issues, and to stay abreast of local government actions

8. Homeowners are more likely to vote and to volunteer time for political and charitable causes

9. Homeownership contributes to neighborhood stability, as owners tend to move less frequently than renters

10. Owning a home can contribute to a greater sense of self esteem and well-being, and the pride of having something you are responsible for.


3 Responses to 'Why Homeownership?'

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  1. […] You may have read an earlier post when I talked about homeownership in general and the advantages. If you missed it, you might want to take a look. […]

  2. […] Consider talking to a real estate professional who is knowledgeable about first time buyers. S/he can help you think through some of the decision-making and answer your questions about homeownership. […]

  3. […] may have read an earlier post when I talked about homeownership in general and the […]

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