Homeownership has health and social benefits for families.by alyssaderby

Moe Veissi, past president of the National Association of Realtors and a Realtor® for 40 years, pointed out the benefits of owning a home beyond tax reductions at the 2013 Capitol Conference. Some reasons to buy a home as opposed to renting are obvious. Homeownership is an investment and allows for independence. The effects of a steady home environment are even longer-lasting than many know and its effects are widespread.

1. Financial Gain
As an investment with increasing value, homeowners under normal housing market conditions (outside of the terrible bubble/bust housing years) experience tremendous wealth gains. Wealth is one of the strongest determinants of health and investment in homeownership has been the primary long-term strategy to build wealth in the United States. This positive correlation results in a happier and healthier home for the owners and their families.

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5 Social and Health Benefits of Homeownership