BENEFITS OF HOME OWNERSHIP
EFFICIENCY
Owning a home is more cost-effective than renting over time. By paying a mortgage instead of rent,
you’re building wealth instead of lining your landlord’s pockets.
EQUITY
As you pay down your mortgage, you build equity in your home that you can convert into cash.
TAX ADVANTAGES
Homeowners enjoy many tax benefits that may help them keep more of their income.
They can deduct mortgage interest rates, property taxes and more.
FREEDOM
Owning your home gives you the freedom to make it your own.
You can paint the walls, get a dog or remodel it to your taste.
APPRECIATION
Home values tend to increase over time. The longer you stay, the more you are likely to
profit when you refinance or sell.
COMMUNITY
Putting down roots helps you feel more connected to your community.
Homeowners also have more incentive to improve neighborhoods and keep them safe.
BENEFITS TO CHILDREN
Several studies show that children of homeowners are more likely to stay in school and
excel than children of renters. They also report less asthma and physical illness.