How Homeownership Can Bring You Joy
How Homeownership Can Bring You Joy
Homeownership is often seen as an investment in the future, but what does this mean for renters? If you’re trying to decide whether or not it makes sense that we buy homes instead of renting them out - there's plenty more than just financial reasons at play. Owning your own place gives us control and freedom over how much time spent living on-site with family members (or even pets!), which can be great! It also provides stability; knowing where all belongings will stay no matter who owns each item helps keep things less stressful during tough times too because everything has its place again
Owning a home is often the best way to express yourself. If you're looking for an opportunity to make your living space more personal and upgrade everything from floors, paint colors, or furniture - this might be it!
A Little Change Can Bring Lots of Joy
Homeownership is associated with a high sense of self-worth. The feeling that you created this space and it’s all yours, from the interior design to how many rooms there are in your house or apartment - these things make people feel like they've accomplished something great!
The upgrades that make you feel most content and happy in your home improve its appearance. A recent study by the National Association of Realtors (NAR) shows that making updates or remodeling can help boost feelings of comfort and ease of mind when it comes to living space design choices! According to NAR:
“There were numerous interior projects that received a perfect Joy Score of 10: paint the entire interior of the home, paint one room of the home, add a new home office, hardwood flooring refinish, new wood flooring, closet renovation, insulation upgrade, and attic conversion to the living area.”
The report also breaks down how much of an emotional attachment you will develop for each project, leading to wanting even more time in the space. (see graph below):
Home upgrades not only bring you joy but can also increase the value of your home and boost your net worth. This is why it's important to spend time wisely on smaller tasks like painting rooms, which may take less effort than bigger projects yet still provide us with a greater sense of accomplishment when completed!
You’re Free To Update Your Home to Your Heart’s Content
Homeowners may be able to make more changes without asking for permission than renters. This is because homeowners are usually in charge of updating their own homes, but if you’re renting there could potentially still be some rules about what type or size renovation project would be allowed by your landlord - even though they don't have any say so themselves! Business Insider points out:
“Your landlord won’t always approve changes when you rent. But you have the power to update the home when you’re the owner. (Just make sure any big changes are approved by your homeowner’s association, if necessary.)”
If you do make changes as a renter, there’s a good chance you’ll need to revert them back at the end of your lease based on your rental agreement. That can add additional costs when you move out. That’s one major benefit of owning your own home. Unless there are specific homeowner’s association requirements, you typically won’t have to worry about the changes you can and can’t make.
Homeownership is a huge financial commitment, but it also comes with many emotional benefits. If you're thinking about buying your first home we want to help make this decision easier by connecting and discussing all the pros of becoming a homeowner in today's market!