Rent Vs. Buy Information

Being a homeowner is more than just having a roof over your heard.  Home ownership instills a feeling of comfort, security, stability and pride.

However, in addition to these important benefits are substantial social benefits for families, communities, and the country as a whole.  A few of these benefits are:

Higher Academic Achievement
More Cohesive Communities
Better Connected Families
Improved Health & Safety
Stronger Economy

Higher Education
One of the most important social benefits of home ownership is how it affects the children and their academic achievement.  Several studies show that there is direct correlation between home ownership and educational achievements.  Time and time again, it has been proven that home owners are more involved in their children's lives, especially when it comes to schooling.  Better social outcomers arise as parents provide a more supportive environment for their children.

Another benefit is that home owners tend to move less often than renters.  This stability adds to a child's success in school.  A study by the New York Federal Reserve Bank found that "though home ownership raises educational outcomes for children, neighborhood stability further enhances the positive outcome.

More Cohesive Communities
Home owners tend to stay in their homes longer than renters.  They also spend more money to improve their home and are more engaged in enhancing the community.  Simpy put, home owners care more and take more action. Which leads to nice neighborhoods, stronger communities and more overall involvement in civic duties. 

Better Connected Communities
Along with being more involved in their communities, home owners are more active and connected to their own families.  Volunteering at schools, coaching athletic teams, becoming a scout or troop leader are just some of the types of activities home owners are active in.  Throw in simple things like family game night and your home becomes the perfect setting for a more- connected, happier family.

Improve Health & Safety
Home owners are happier and healthier than non-owners.  In fact, one study found that people who recently became home owners reported higher life satisfaction, higher self esteem, and higher perceived control over their lives.  In addition to being more satisfied with their own personal situation than renters, home owners also enjoy better physical and psychological health.  Home owners have a  financial stake in the value of their home.  Therefore, owners have more incentive to deter crime by forming and implementing voluntary crime preventation programs.  Home ownership also contributes to stable communities, and stable neighborhoods contribute to reduced crime rates.

Stronger Economy
Being a home owner also has a positive economic impact in your neighborhood, your town, your city and even on a national level.   That's because home ownership creates jobs:  remodeling, landscaping, lawn and pool service, funiture and appliances, home improvement, real estate services.  The list goes on and on.  In fact, each home purchase generates as much as $60,000 of economic activity in the local and surrounding area.


To download full color handout containing the information above plus graphs and statistics, please click HERE.

Information provided by National Association of Realtors

Laura Harris-Hodges Coldwell Banker Tomlinson Associated Brokers 8836 Gage Blvd Ste 101-B Kennewick WA 99336 509-737-3092 Fax: 509-783-5826 lharris@cbtabs.com Buying and selling a home is serious business ... after all, for most of us, it is the most important investment we possess. When it comes to selecting a professional, you want a person with the knowledge, characteristics, and resources necessary to best look after your interests. With over 17 years of real estate experience, Laura goes the extra mile for all of her clients. That’s why she constantly researches the market and property values to insure that you achieve your goals. Laura is ranked in the top 1% of all Coldwell Banker agents nationally and is a Seniors Real Estate Specialist (SRES), Certified Residential Specialist (CRS) and Tri-Cities Home Construction Specialist. From selling to purchasing or building your new home, you won't find a harder working professional to handle all of your real estate needs. Laura Harris-Hodges “Making A Difference For You”

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