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June is National Homeownership Month, a time for American families to celebrate, share stories, and create memories for years to come. While the “American Dream” of owning a home can be a long process, families and communities are reconsidering what they want in a home due to current circumstances. As the pandemic factors in concerning the changing priorities, so do the types of homes people are looking for. More people are looking for extra space inside and outside of their homes where they can enjoyably spend more time within the confines of their property. The need for more space paves the way for working from home, e-learning, and just spending time with family.
Surveys show that real estate is ranked as one of the best investments you can make.
Among reasons to celebrate, here are 5-Benefits every American homeowner should enjoy this National Homeownership Month:
Pride Of Ownership
Nothing could be more enjoyable than living in a space that is uniquely yours. You can customize your home to your tastes.
Homeowners have a stronger connection to their neighborhoods and are more likely to contribute to their community.
Comfort And Safety
Owning a home gives you comfort, protection, and privacy. These things have become even more valuable during the recent health crisis.
Effective Inflation Hedge
A property is often a good hedge against inflation. As inflation rises, so do property values. So it is a key advantage.
Highly Illiquid Asset
An owned home is a tangible asset. However, while it has significant value, homeowners cannot quickly and easily sell the property without substantial depreciation.
High Transaction Costs
When buying a home, the transaction costs are considerably higher. However, talking about investing in your future, the longer you’re in the house, the higher your equity will be.
No home and homeowner are the same. Everyone’s journey to homeownership is unique. Realtors, home inspectors, assistance programs, and all other roles play a part in the home buying process and making your homeowner’s success story an incredible one.
To all homeowners, take time this June to celebrate the new era of homeownership and how it has added value to your life. The National Homeownership Month is also a great opportunity to help home buyers become more informed homeowners.
If you or someone you know is purchasing a home and needs a quality home inspector in Newtown, CT, be sure to give Home Quest Home Inspection a call (203) 951-0299 Today or Click To Schedule Online 24/7 Right From Our Website.
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Connecticut has the reputation for being one of the expensive places to live in the US, yet Newtown, CT has its real estate market poised for an upswing. Communities offering a mix of urban, suburban, and small-town opportunities, Newtown, CT is attracting more homebuyers, even those from the neighboring New York state. And if you’re looking at factors to consider on your informed buying or selling decision, Home Quest Home Inspection, your premier Newtown CT Home Inspection company has got you covered.
Our licensed Connecticut home inspectors are dedicated to thoroughly evaluate all aspects of the home you are buying. All our inspections are performed with due diligence following the state’s regulations and ethics to make sure you won’t come across any unpleasant surprises in the long run.
We understand your home is a major investment. Our pros at Home Quest Home Inspection know what and where to look for issues, discuss “how things work,” deliver a detailed electronic report, and also share with you what needs to be maintained, repaired, or replaced, and why.