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This June, all of us in real estate should be celebrating the joys of homeownership with our partners and customers! Why? Because it’s National Homeownership Month, and despite the challenges of today’s market, owning your own place remains central to the American Dream.
(Here’s where we remind you that BBS Notary can handle your signing needs anywhere in the country and wants to assist with your RON transactions, too.)
Consider these related stats from a recent Bankrate survey
Why does homeownership matter to so many Americans, whether they currently own their own home or still rent? Here are three reasons.
Financial security: Homeownership is one of the most effective ways to build long-term wealth. Unlike rent, which goes to a landlord, mortgage payments build equity, and a home’s value appreciates the longer you own your home. In addition, that equity built can be tapped into for future needs like retirement, emergencies or college tuition.
A fixed-rate mortgage also offers protection against inflation, keeping housing costs stable while property values may rise. This makes owning a home a smart hedge during economic uncertainty. Homeowners may also benefit from tax deductions on mortgage interest and property taxes.
Personal freedom: You often hear that owning your own home gives you the ability to truly make the space yours. While that’s true when it comes to paint colors, renovation projects and more, the personal freedom obtained from owning your own home goes further than that.
The freedom afforded by home ownership also brings long-term stability. This is especially important for families who want consistency in schools and neighborhoods, and that sense of permanence contributes to emotional well-being and peace of mind.
Community roots: Homeowners are more likely to invest time and energy into their communities. This often leads to increased involvement in activities such as school boards, neighborhood groups and local elections. Homeownership fosters a deeper sense of responsibility for the well-being of a neighborhood.
The bottom line is when people feel secure and stable in the place they live; they’re more likely to advocate for improvements and support community initiatives. This engagement creates safer, more connected, and more resilient neighborhoods.
Whether you’re already a homeowner or still on the path to having your own place, know that homeownership is totally worth it. The journey may seem complicated, but there are plenty of professionals – including the BBS Notary team – ready to help you along the way.
To our fellow real estate professionals: Make sure you’re celebrating this important month, too, and reach out to us anytime you need a trusted mobile notary service to help your clients find their way home.
