You probably know that owning your own home can benefit you financially, but home ownership comes with a surprising number of health, wealth and social perks too. Check out these five ways home ownership could be making your life even better:
- Homeowners report better psychological and physical health than non-owners.
- Homeowners are far less likely to become crime victims than non-owners.
- Homeowners are more likely to live in neighborhoods with more opportunities for school involvement or participation in neighborhood activities.
- The average homeowner’s net worth is 35 times that of the average renter.
- Homeowners bring stability to neighborhoods. They move far less frequently than non-owners, and hence are embedded into the neighborhood and community for a longer period.
