Health & Fitness
Keeeping Real (Estate) with Deanna - Why Homeownership Matters in Marion
Benefits of owning a home
Every now and then I hear people questioning homeownership. And while there are expenses involved – taxes, upkeep, etc. – you’re building equity.
But with rent you’re constantly paying out and you’re not getting anything back in return.
The National Association of Realtors has a long list of why Home Ownership Matters.
Find out what's happening in Marionwith free, real-time updates from Patch.
The next few months several Realtor associations will be heading to their capitol, supporting home ownership to their legislators.
The Cedar Rapids Board of Realtors will be having their bus-in to Des Moines Feb. 21.
Find out what's happening in Marionwith free, real-time updates from Patch.
Here are some of the many reasons why home ownership matters:
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Home owners are happier and healthier and enjoy a greater feeling of control over their lives.
Owning a home is one of the best ways to build long-term wealth. Historically, a home owner’s net worth has ranged from 31 to 46 times that of a renter.
Most home owners enjoy stable housing costs—a fixed-rate mortgage payment might not change for 15 to 30 years while rent typically increases 3% a year.
People who own homes vote more, volunteer more and contribute more to their neighborhoods.
Homeowners do not move as frequently as renters, providing more neighborhood stability.
In turn, this stability helps reduce crime and supports neighborhood upkeep.
Children of home owners do better in school, stay in school longer, are more likely to participate in organized activities and spend less time in front of the television.
Sixty-seven percent of American households are owner-occupied. America is a nation of home owners.
Home owners pay 80 to 90% of federal individual income taxes, contributing to federal programs that benefit all Americans.
Housing accounts for more than 15% of the national Gross Domestic Product, a key driver of our national economy.
Information compiled by the National Association of Realtors.
Have a real estate question? Give me a call or send me an e-mail. I would love to hear from you!
Thanks!
Deanna
Deanna Howard, Realtor, SFR, CREN
Iowa Realty
752 10th Street
Marion, Iowa, 52302
(319) 929-3836
dhoward@iowarealty.com