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:
1. 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.
2. Stronger Connection
- Homeowners have a stronger connection to their neighborhoods and are more likely to contribute to their community.
3. Comfort And Safety
- Owning a home gives you comfort, protection, and privacy. These things have become even more valuable during the recent health crisis.
4. 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.
5. 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.
6. 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 looking to buy or sell and needs a home inspection in Chicago IL or the surrounding areas, please be sure to consider Xcellence Inspection Services. In addition, you can call at 708-329-8625 or visit our website for more information or schedule your inspection services today.
Related video you might like:
Chicago, IL, is the third most populous city in the United States. With over 2.7 million residents and with a real estate market that’s incredibly diverse, it’s no wonder that Chicago makes a great place to invest in a property. Whether you’re looking for a home to live in or an investment property, you can be sure about the home you’re looking to buy with the help of our pros at Xcellence Property Services.
When it comes to buying a home, many people think that the only thing that matters is the purchase price. However, there are other important factors to consider, such as the condition of the property. This is why it is always recommended to have a home inspection before making an offer on a property. Our team of pros at Xcellence Property Services can help you identify any potential problems with the property.
Xcellence Property Services is dedicated to providing clients with the information needed to make informed decisions about their homes and real estate investments. Our team of certified inspectors will thoroughly examine your property and provide you with a detailed report of our findings.
Call Xcellence Inspection Services (708) 329-8625 or Click To Schedule Online 24/7 Right From Our Website
