Seven Benefits of Homeownership

March 3, 2025

Why Homeownership is More Than Just a Place to Live:

In a recent Gallup survey, Americans ranked real estate as the #1 investment for the tenth consecutive year. But beyond financial returns, homeownership provides a wealth of personal and social benefits. Here’s why owning a home is one of the best decisions you can make:

🏡 Financial Benefits

  • Appreciation: Real estate is a long-term investment that has consistently grown in value. Census data shows the median home price jumped from $172,900 in 2000 to $417,700 in 2023, averaging over 6% annual appreciation.
  • Equity Growth: Every mortgage payment builds your wealth—not your landlord’s. Over time, this can be a powerful financial asset.
  • Tax Benefits: Depending on your situation, you may qualify for deductions on mortgage interest, property taxes, and other home-related expenses (consult your accountant!). 
  • Savings & Wealth Building: When you sell, you may be able to exclude up to $250,000 ($500,000 for married couples) in capital gains from federal taxes.

🌍 Social & Personal Benefits

  • Security, Stability & Predictability: Homeownership gives you control over your living situation, providing privacy and a sense of belonging plus a fixed-rate mortgage keeps your housing costs stable, while rent increases over time. 
  • Freedom: Unlike renting, you can customize and personalize your space to reflect your style and needs.
  • Community Connection: Owning a home often means putting down roots and building long-lasting relationships within your neighborhood.

At Live.Laugh., we believe homeownership should be accessible to everyone. If you’re unsure whether you can buy a home, let’s chat! You might be closer to homeownership than you think.

📩 Let’s create a plan that works for you!

Source:

Source: Gallup & NAR

Follow Us on Instagram

Join the Team!

We invite you to join us in this exciting new era of real estate. Experience the difference of working with a brokerage dedicated to empowering our agents, serving clients, and giving back to the community. Together, we can build a better future for our communities, and we'd love for you to be a part of it.

Subscribe to Our Newsletter

Join our community of enthusiastic subscribers and receive two emails per month packed with insights to help you live well, laugh often, and love Shiloh & Illinois even more!