home ownership – The Real Estate Beat

Homeownership Is Still at the Heart of the American Dream – Shared Article

Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow:

“The American Dream is still owning a home. There’s a lot of pent-up demand for ownership; that isn’t going to go away.”

Let’s explore just a few of the reasons why so many Americans continue to value homeownership.

The Financial Benefits of Owning a Home

One possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool. That may be why Jessica Lautz, Deputy Chief and VP of Research at the National Association of Realtors (NAR), says:

“Homeownership is the number one way to build wealth in America.”

Over time, owning a home not only helps boost your own net worth, but it also sets future generations up for success as you pass that wealth down. Habitat for Humanity explains:

“Overall, homeownership promotes wealth building by acting as a forced savings mechanism and through home value appreciation. Homeowners make monthly payments that increase their equity in their homes by paying down the principal balance of their mortgage. . . . In addition, owning a home promotes intergenerational homeownership and wealth building. Children of homeowners transition to homeownership earlier — lengthening the period over which they can accumulate wealth . . .”

It can also provide meaningful financial stability compared to renting. When you buy with a fixed-rate mortgage, you can lock in your monthly housing payments for the length of your home loan.

The Non-Financial Benefits of Homeownership

But, owning a home offers more than just financial benefits—it benefits you socially and emotionally too. Your home provides feelings of achievement, responsibility, and more. In a recent survey, Fannie Mae outlines just a few of these more emotionally-driven benefits, including:

“The top three were having control over what you do with your living space (94%) to having a sense of privacy and security (91%) and having a good place for your family or to raise your children (90%) . . .”

What Does That Mean for You?

If your idea of the American Dream involves greater freedom, security, and prosperity, homeownership could be a key player in bringing that dream to life. And with mortgage rates now on a downward trend, it might be a good time for you to consider making a move.

If you’re ready and able to buy, know that there are incredible benefits waiting at the end of your journey. You’ll gain more than just a home – it’s a place to grow your wealth and call your very own. Like Ksenia Potapov, Economist at First American says:

“…homeownership remains an important driver of wealth accumulation and the largest source of total wealth among most households.”

Bottom Line

Buying a home is a powerful decision and the cornerstone of the American Dream. If finding a place to call your own is part of your dream for this year, connect with The Caton Team, a trusted, local real estate advisor to start the process today.

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The True Value of Homeownership – Shared Article

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Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides.

Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live.

Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.

You May Feel Happier and More Fulfilled

Owning a home is associated with better mental health and well-being. Gary Acosta, CEO and Co-Founder at the National Association of Hispanic Real Estate Professionals (NAHREP), explains:

“Studies have shown the emotional and psychological benefits that homeownership has on a person’s health and self-esteem . . .”

Similarly, Habitat for Humanity says:

“Residential stability among homeowners is related to improved life satisfaction, . . . along with better physical and mental health.”

So, according to the experts, owning a home can improve your psychological wellness by making you feel happier and more accomplished.

You Can Engage in Your Neighborhood and Grow Your Sense of Community

Your home connects you to your community. Homeowners tend to stay in their homes longer than renters, and that can help you feel more connected to your community because you have more time to build meaningful relationships. And, as Acosta says, when people stay in the same area for a longer period of time, it can lead to them being more involved:

“Homeowners also tend to be more active in their local communities . . .”

After all, it makes sense that someone would want to help improve the area they’re going to be living in for a while.

You Can Customize and Improve Your Living Space

Your home is a place that’s all yours. When you own it, unless there are specific homeowner’s association requirements, you’re free to customize it however you see fit. Whether that’s small home improvements or full-on renovations, your house can be exactly what you want and need it to be. As your tastes and lifestyle change, so can your home. As Investopedia tells us:

“One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.”

Renting can limit your ability to personalize your living space, and even if you do make changes, you may have to undo them before your lease ends. The ability homeownership gives you to customize and improve where you live creates a greater sense of ownership, pride, and connection with your home.

Bottom Line

Owning your home can change your life in a way that gives you greater satisfaction and happiness. Connect with a local real estate professional today if you’re ready to explore homeownership and all it has to offer.

Got Questions? The Caton Team is here to help.

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The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

DRE # | Sabrina 01413526 | Susan 01238225 | Team 70000218 | Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

Top Reasons To Own Your Home – Shared Article

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Top Reasons To Own Your Home [INFOGRAPHIC] | Simplifying The Market

Some Highlights

June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home.
If you’re thinking of buying a home, it might just help you find the stability, community, and comfort you’ve been searching for over the past year.
Let’s connect today to determine if homeownership is the right next step for you.

Got Questions? The Caton Team is here to help.

Effective. Efficient. Responsive. The Caton Team 🏡 How can The Caton Team help You?

Get exclusive inside access when you follow us on Facebook & Instagram

Got Real Estate Questions? The Caton Team is here to help.

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

ARE DINING ROOMS DEAD? 5 BETTER WAYS TO USE THAT SPACE – by Brightnest

Have you checked out Brightnest? Of course I have – being a home addict and a Realtor. I’ve really enjoyed playing with the app and reading the newsletters. When this article popped into my inbox – I was intrigued! Be rid of the dinning room?! What? But then I thought about it, and how much lives have changed. It may not work for everyone – but I was an interesting ready – enjoy!

ARE DINING ROOMS DEAD? 5 BETTER WAYS TO USE THAT SPACE

How many times did your family use your dining room last year? If you can count the meals at the table on one hand, then you may want to consider repurposing that room. It can be hard to let go of the dining-room dream, but let’s be realistic. A room that only gets used during holidays isn’t worth keeping.

If you’re willing to break out of the traditional dining-room mold, the possibilities can go a lot further than three-course meals and dress shoes. Here are five ways to get more from your dining room.

Convert it into a home office. Picture your large dining room table. Now picture that same dining room table with one chair. Boom! You now have the home office you’ve always wanted. Let your china cabinet double as office supplies storage and use this space as an office for 360 days a year. For the 5 days that you host large dinners, simply clear off your office supplies and add the extra chairs back to the table!

Keep it as the party room. If you love entertaining people but hate the idea of hosting a formal dinner, turn your dining room into hang-out central. Replace your dining room table with a pool table and install a bar along one wall for finger food and cocktails. The dining room will quickly become the most popular room in the house!

Make it a morning cafe. Instead of squandering every square inch of the room with an oak table that sits eight, place a couple small, café style tables in the room. Small tables are more inviting when you’re enjoying a cup of coffee, reading the paper or even opening the mail. Plus, smaller tables are easy to move around and join together (just in case a dinner party of eight does actually happen).

Turn it into a guest room. If your extended family treats your house as their free hotel, consider installing a Murphy bed in your dining room. Most of the time it will simply look like a shelf and you can use the room for whatever your heart desires. Then, when guests arrive, it instantly turns into an impromptu guest bedroom.

Make it playtime central. If you spend a lot of time in the kitchen and love the idea of your kids playing close by, then turn your dining room into their playroom. Ditch the fancy table and replace it with a craft table and add toy bins or book shelves. We also recommend adding a comfy rug for optimal toy enjoyment.

What do you think? Please share your thoughts by email or comment – thank you! -Sabrina

I read this article at: https://brightnest.com/posts/are-dining-rooms-dead-5-better-ways-to-use-that-space

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Thanks for reading – Sabrina

The Financial Benefits of Owning a Home

The Non-Financial Benefits of Homeownership

What Does That Mean for You?

Bottom Line

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

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You May Feel Happier and More Fulfilled

You Can Engage in Your Neighborhood and Grow Your Sense of Community

You Can Customize and Improve Your Living Space

Bottom Line

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

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Some Highlights

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties

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