20 factors that drive people to own a home | Buying home
Each person has a special reason when it comes to a question of buying a home of own. However there are certain top reasons to buy a home and find them here.
1. The desire to have a physical space that is completely their own
2. The feeling of stability and security that comes with owning a home
3. The ability to personalize their living space to fit their needs and taste
4. The want to invest their money in something that will appreciate over time
5. The potential to generate rental income from their property
6. The satisfaction of being a homeowner and the accompanying sense of pride
7. The ability to take advantage of tax breaks associated with owning a home
8. The knowledge that their mortgage payments will remain fixed, unlike rent payments which can increase over time
9. The stability of not having to move every time their lease is up
10. The desire to have a backyard or other outdoor space
11. The opportunity to live in a nicer, safer neighborhood than they could otherwise afford
12. The chance to build equity over time through mortgage payments and property appreciation
13. The possibility of leaving their home to their children as an inheritance
14. The feeling of being more settled and rooted in one community
15. The increased privacy that comes with owning a home, as opposed to renting an apartment
16. The opportunity to remodel or add on to their home as they see fit
17. The increased sense of safety that comes with owning a home, as opposed to renting an apartment
18. The ability to have pets without restrictions
19. The desire to live in a home rather than an apartment
20. The opportunity to own a piece of property outright and not have to answer to a landlord.
