There’s no denying the financial benefits of homeownership, but the emotions that come from owning a home are often overlooked. This year, feelings of gratitude, security, pride, and comfort are stronger than ever. We’ve lived through a time that has truly changed who we are, and as a result, homeownership has a whole new meaning for many of us.
According to the 2021 State of the American Homeowner report by Unison:
“Last year, staying home became a necessity and that caused many homeowners to have renewed gratitude for the roof over their head.”
As a nation, we continue to work through the challenges of a pandemic. Over the past year and a half, we’ve spent more time than ever at home: working, eating, schooling, exercising, and more. The world around us changed almost overnight, and our homes were redefined as our lives were. Our needs shifted, and our shelters became a place that protected us on a whole new level.
The same study from Unison notes:
91% of homeowners say they feel secure, stable, or successful owning a home
64% of American homeowners say living through a pandemic has made their home more important to them than ever
83% of homeowners say their home has kept them safe during the COVID-19 pandemic
This study also reveals homeowners are now more emotionally attached to their homes as well:
As we’ve learned throughout this health crisis, homeownership can provide the safety and security. That sense of connection and emotional stability genuinely reaches beyond just the financial aspect of owning a home.
So, whether you’re thinking of buying your first home, moving up to your dream home, or downsizing to something that better fits your changing lifestyle, take a moment to reflect. Ultimately, if you’re considering buying a home, it’s not all about the dollars and cents. Don’t forget to weigh the non-financial benefits that may truly change your life when you need them most.
If you’re looking to buy a home in these trying times, reach out to one of our agents here at Corken + Company! Where we know the value of a home is so much deeper than the surface.