Owning a home is an aspiration for many people. Many are now considering buying a home than renting. According to statistics, the number of people purchasing homes keeps increasing. In 2019, the US’s homeowner rate hit a 65.1% high; and we expect the figures to grow in the future. Home ownership has numerous financial, social and health gains, and it’s an excellent investment for all.
What are the aspects to consider when buying a home?
Buying a home is a significant investment that comes with many responsibilities. You need to understand the process and know the key aspects to consider before making a purchase. If you’re seeking the best property in Pahrump, Nevada, real estate agents from agencies such as Movoto will furnish you with updated information on the properties on sale and market trends.
They will also link you up with a professional real estate agent, which will make the process more comfortable. The factors to consider when buying a home are;
The cost and convenience are worth considering. If you love traveling, you don’t need a house too far from the main road or nearby city. But, if you’re somewhat reserved and dislikes noise and distractions, a home away from the city is ideal. A house near the city makes it easier to shop for groceries, and cuts on fuel costs but commands a higher price than one in the outskirts.
There are different homes for sale, and all come at varying prices. We all live on a budget, and I bet you also do. The cost of the home matters and you should pick one that matches your budget. Consider the down payment and any possible down payments. Think of the cost of maintenance that you’ll have to incur, property taxes, and homeowner’s fees.
The size of the rooms, the closet space, and the backyard matters. Acquire a house that is spacious enough to accommodate all your family members, furniture and personal belongings. If it has extra space where you can design additional structures for visitors, it’s a plus. Remember, you’re likely to spend the rest of your life living in the home, and you don’t want to live in a cramped space.
How does owning a home benefit your overall health?
Owning your one home is associated with numerous health gains. It alleviates the stress of paying rent and dealing with nosy neighbors, and this improves your health. If you love gardening, it will be easier to do it in your backyard, which is propitious to your health. Here are the health gains of owning a home;
- Reduced susceptibility to infections
Living in poor housing can expose you and your loved ones to various health problems. These include respiratory conditions like asthma, exposure to hazardous elements, and injuries. Owning a home reduces your vulnerability to infections, and this improves your health. You also have the opportunity to choose the location of the house, and this ensures a better environment for your family.
- Happiness & Higher self-esteem
Owning a home comes with lots of satisfaction and happiness. People who buy houses are likely to believe that they can achieve their goal in life, and feel better about themselves. They are also happier, which helps combat and improve your immune system.
A stronger immunity reduces the risk of infections like colds and chest infections. It also promotes better heart health, which can help lower blood pressure and a reduced risk of heart disease.
- Supply of fresh produce
Most homes have backyards where you can plant flowers, fruits, and vegetables. It will supply your family with fresh products and also benefit your health in numerous ways. Digging and weeding burns calories and can help in weight management. It’s also good for a healthy heart.
Gardening also keeps you occupied, and can help deal with stress and anxiety. It involves exposure to the sunlight, which will boost your vitamin D. It also enhances your hands and fingers’ strength, making them stronger.
- Less financial stress
Owning a home reduces the stress associated with saving to pay for rent every month. The idea of living in your home and not having to pay is very gratifying. We are all aware of the effects of stress on the body. It can affect your immunity, making you susceptible to infections. It also affects your cardiovascular health and can lead to high blood pressure.
- Health related home upgrades
You can upgrade your home to fit your health requirements. For instance, if you have an older person living in your home, you can fix an anti-skid floor, corridor lighting, and upgrade your toilet and bathroom to become more senior-friendly. This way, you reduce the risk of falls, slips, and injuries, which will improve your loved ones’ health.
At some point in life, you’ll have to decide between owning and renting a home. If you live in a rented apartment, start saving up for your home, make your loved ones more comfortable, give you a sense of satisfaction, and benefit your health in so many ways.