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Social Benefits of Homeownership

By Morgan Saylor

So we all know that with homeownership, we are building equity and we can also exercise certain freedoms associated with homeownership not experienced by renters – the ability to paint and decorate as we please, and more! But there are also hidden benefits of homeownership.

Some social benefits, according to research from the National Association of Realtors, found that homeowners experienced more educational success, increased civic participation, and even experienced health benefits!

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  • Children of homeowners scored better in math and reading, as well as tended to have fewer behavior problems
  • Homeowners vote more and spend more time volunteering
  • New homeowners reported having a higher quality of life, higher self-esteems, and a greater feeling of control over their lives

Source: http://www.car.org/aboutus/onecoolthing/socialbenefits/

Tags: Homeowners, Buying, homeownership, benefits, social