Celebrate National Homeownership Month

At Faber Builders, Inc. we understand that a home is more than the home you live in, and your community is more than just where the house is. We understand that over the year, our homes have become our offices, school, and even just a comfort area to spend time with loved ones. Did you know that today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years.

As National Homeownership Month kicks off this June, Faber Builders homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment you can make for the eighth year in a row. However, unlike other investment options, the benefits of owning a home aren’t purely financial. Here are the top ways that Faber Builders homeowners are benefitting from homeownership:

The Non-Financial Benefits:

1. Civic Participation: Owning a home is owning a part of your neighborhood. Faber Builders homeowners have a stronger connection to their neighborhoods and are more committed to volunteer work and other ways to get involved.

2. Pride of Ownership: Owning a home is having a space that is uniquely yours. You can customize it to your personal liking and make it reflect your personality and values, at Faber Builders we love to help make your dream home a reality.

3. A Safe Space: Owning a home gives you a sense of security and privacy – two things that have become even more valuable as we’ve tackled the challenges of the recent health crisis.

The Financial Benefits:

1. Forced Savings: Owning a home builds equity. Your equity grows with each payment you make toward your mortgage. This form of forced savings can be used down the road to help you accomplish your biggest financial goals, and if you need any financial guidance Faber is always here to help!

2. Appreciation: Owning a home is making an investment that steadily gains value, and experts project home values will continue to rise in the years to come, especially in new home

3. Stability: Owning a home means having better control over your future housing payments. Over the years, a mortgage stays relatively steady, but rent costs continue to rise. Now is one of the best times to start your homeownership journey before mortgage rates rise,

The Bottom Line

If you are a Faber Builders homeowner, take time is summer to celebrate your new home and all the ways that homeownership had added value to you and your families lives. If you are not yet a homeowner and would like to be, we would love to help make that happen for you! At Faber Builders we can help you make all of your home dream a reality, just don't ask for a floating house!

This post, 6 Reasons to Celebrate National Homeownership Month, first appeared on the Keeping Current Matters website