If you are, or would like to be, a homeowner in Katy, TX, you should know about the benefits that come with homeownership. There are many that are well-known, such as increased net worth, financial stability, a place to decorate and design as you please, more living space, and so on. However, as your Katy real estate agent, I’d like to introduce you to a few more benefits you may not know about!
Recent studies have shown that there are lesser-known benefits to Katy homeownership that are just as important and impactful. Check out this list:
The latest Social Benefits of Homeownership and Stable Housing study found that children of homeowners tend to achieve more educationally than children of non-owners. They stay in school longer, get better grades, had fewer behavioral problems and go on to make more money with higher levels of education.
The same study found that homeowners put more effort into the stability of their neighborhoods and communities than renters, as they stay longer and have financial stakes on the line. They maintain their residence better, which improves the overall community appeal. Homeowners are also more politically active, know who their local school board representatives are, volunteer more, attend church in higher numbers, interact with neighbors more, and so on.
The study also found that homeownership increases homeowners’ health! Homeowners tend to live in a cleaner environment and experience fewer cases of asthma, exposure to toxic substances, injuries and mental health issues. Homeowners also report higher levels of life satisfaction and happiness, higher self-esteem and higher perceived control over their lives. Overall, homeowners are 2.5 to 3.1 percent more likely to have good health than renters.
So, aside from the fact that homeownership in Katy gives you a place to settle down and grow roots, a place to grow and raise a family, and a means to financial stability and increased net worth, it also has a whole slew of other benefits that you may not have considered before!
Are you ready to finally buy a Katy home after months or years of consideration? Do you have questions for me about the Katy real estate market that you’d like answered? Feel free to contact me, your Katy real estate agent, anytime. I am here to answer your questions, to help you begin your home search, and to help you through every step of the home-buying process!
Why wait any longer? The spring market is upon us, and mortgage rates and home prices are on the rise. The sooner you buy, the better. Contact me today!