June is National Home Ownership Month. It is a time to celebrate the accomplishment and honor the dream of home ownership. Home ownership is an opportunity to accomplish a major achievement, create financial stability and establish roots in a community.
There is a great sense of pride and accomplishment when achieving the goal of home ownership. It means you have been committed to maintaining a steady income, managed spending and used credit wisely. There is a lot of hard work and diligence that goes into buying a home. The reward is so gratifying. There is a lot of freedom in being able to paint the colors you want and make modifications that fit the way you live.
Home ownership creates financial stability. A home is a major asset. The longer you own it, the more you gain equity. That equity can be used in many different way. Maybe you purchase a modest starter home. After a few years, as you pay down the loan and the value increases, you can sell that home and use the gain to purchase a larger, more long term home. You could take the equity out of your home and use it to buy a second home or an investment property. You could use the equity to make improvements to your home and increase its value. Upon retirement, you could sell your home and use the proceeds for living expenses. There are many options for leveraging the value of your home.
When you own your home, you are making a commitment to where you live. You are putting down roots and creating stability for the people you live with. You are becoming a part of a neighborhood and a community. People who own their own home often have pride in ownership and a sense of respect for their neighbors. They value a safe and healthy neighborhood and tend to engage in their community.
Home ownership is an exciting accomplishment. If home ownership is your goal, keep working and keep saving. The hard work will pay off in many ways.
Tanna Cable Real Estate Blog 