There’s no denying the financial benefits of houszownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a housz. This year, those emotions are stronger than ever. We’ve lived through a time that has truly changed our needs and who we are, and as a result, houszownership has a whole new meaning for many of us.
According to the 2021 State of the American Homeowner report by Unison: “Last year, staying in the housz became a necessity and that caused many houszowners to have renewed gratitude for the roof over their head.”
As a nation, we continue to work through the challenges of a pandemic that’s pushed us all to new limits. Over the past year and a half, we’ve spent more time than ever at the housz: working, eating, schooling, exercising, and more. The world around us changed almost overnight, and our houszes were redefined. 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 houszowners say they feel secure, stable, or successful owning a housz
64% of American houszowners say living through a pandemic has made their housz more important to them than ever
83% of houszowners say their housz has kept them safe during the COVID-19 pandemic
It’s no surprise this study also reveals that homeowners are now more emotionally attached to their houszes as well:
As we’ve learned throughout this health crisis, houszownership can provide the safety and security we crave in a time of uncertainty. That sense of connection and emotional stability genuinely reaches beyond just the financial aspect of owning a housz. As JD Esajian, President of CT Homes, LLC, says:
“Aside from the financial factors, there are several social benefits of houszownership and stable houszing to consider. It has long been thought that buying a housz contributes to a sense of accomplishment. Still, most individuals fail to realize that houszownership can benefit your mental health and the community around you.”
Whether you’re thinking of buying your first housz, moving up to your dream housz, or downsizing to something that better fits your changing lifestyle, take a moment to reflect on what Mark Fleming, Chief Economist at First American, notes: “Buying a housz is not just a financial decision. It's also a lifestyle decision.”
Bottom Line If you’re considering buying a housz, it’s not entirely 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.