Live the Dream of Homeownership
Many people dream of homeownership. Most would even consider it paramount to the American Dream. Since the 1920's, various groups and organizations have recognized the importance of homeownership in this country. The National Association of REALTORS® first officially celebrated the concept in 1956. In 2002, President George W. Bush proclaimed June as National Homeownership Month.
The Importance of Homeownership
Homeownership brings many benefits to individuals. Owning a home can represent stability and financial success. There is also an important element of making a positive contribution to the local community. There are financial and social benefits of home ownership as well as tax benefits.
Financial Benefits of Homeownership
Financial benefits are probably the most obvious benefits of owning a home. Buying a home is a significant investment up front, but it is one of the best ways to build wealth and create long-term savings.
- You Build Equity: Most homeowners purchase their home with a mortgage from a financial institution. When