Children also reap great rewards when their parents own their home (Santa Cruz/Monterey Counties)

Why should I buy a home?

By Terri Woods – Terri sells real estate in Santa Cruz County and North Monterey County

Owning a home benefits your childrenMany people are asking that question. Especially those who were burned by the recent housing downturn. Some lost their homes through short sales, foreclosures and/or bankruptcy. And now, they are a little hesitant to get back into the housing ownership group again. Is this you?

I know, I know. We all know the financial benefits. Gain equity through appreciation. Tax deductions. Capital Gain exclusions.

BUT… DID YOU KNOW THAT HOME OWNERSHIP ACTUALLY BENEFITS YOUR KIDDOS?

Why is that?

  • Stability – Research has shown that the longer a child stayed in one place (same house, same school), the higher test scores, the lower the discipline, and the higher the graduation rate and the lower teen pregnancy rate.
  • Better living environment – Besides safety, children of parents who own homes experience better physical and emotional settings than renters. Families tend to eat dinner together, and have better ‘play’ areas.
  • Problem solving techniques – Children of parents who own homes experience their parents ‘fixing’ things that are broken, whether it is a Do-It-Yourself project, or calling a plumber. Those skills are not to be taken lightly. Renters tend to call the landlord for all issues.
  • Better learning environment – Something as simple as better lighting greatly affects the environment for children to learn, read, study. In homes of that parents own, the lighting is generally better.
  • Increased education results in higher lifetime income for children of parents who own a home.

Though each family situation is unique, the study shows that home ownership is more than a financial gain. It can also be attributed to leaving a positive legacy.

For more information visit Social Benefits of Home Ownership.
 

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About terriwoods

I help people buy and sell real estate in Oregon and California. I want to be the resource for all your real estate needs. If you have a question or even a comment - please feel free to call, email or even text. I take my customer service seriously. Visit my websites at www.GreatOregonHomes.com and www.GreatMontereyBayHomes.com
This entry was posted in Buying a Home, Santa Cruz County Real Estate and North Monterey County Real Estate, Tips on Buying a Home and tagged , , , , , . Bookmark the permalink.

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