We talk a lot about why it makes financial sense to buy a home, but more often than not, we’re drawn to the emotional reasons for homeownership.
No matter the living space, the feeling of a home means different things to different people. Whether it’s a certain scent (I’m looking at you Fall-scented candle) or a favorite chair (that may or may not be in the best of shape), the feel-good connections to our own homes are typically more important to us than the financial ones. The past year has made us realize this more than we may have expected. Here’s why.
1. Owning your home is an accomplishment worth celebrating
I’m sending you a virtual high-five! You’ve likely worked very hard to achieve this dream, and whether it’s your first home or your fifth, congratulations are in order for this milestone. You’ve earned it.
2. There’s no place like home
Where are my ruby slippers? Much like Dorothy, a home (and in your case, owning one) offers not only safety and security, but a comfortable sanctuary where you can relax and decompress after a long day. Sometimes, that’s just what we need to feel recharged, truly content, and escape those flying monkeys (or at least, let them play in their own room.)
3. You can find more space to meet your needs
Whether changing lifestyle (think: working from home, virtual school, or a personal gym), or you simply prefer a large backyard for socially-distant entertaining, you can invest in a location that truly works for your evolving needs.
4. You have control over renovations, updates, and your style
Curious to attempt one of those complicated wall treatments you saw on Pinterest? Resentful of paying an additional pet deposit to your landlord? Maybe you want to finally adopt that fur-baby puppy or kitten you’ve been longing for. You can do all of these things in your own home.
Whether you’re a first-time homebuyer or a move-up buyer who wants to start a new chapter in your life, now is a great time to reflect on the intangible factors that turn a house into a happy home.