{"id":2651,"date":"2022-04-27T10:00:16","date_gmt":"2022-04-27T10:00:16","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2022\/04\/the-dream-of-homeownership-is-worth-the-effort\/"},"modified":"2022-04-27T10:00:16","modified_gmt":"2022-04-27T10:00:16","slug":"the-dream-of-homeownership-is-worth-the-effort","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2022\/04\/27\/the-dream-of-homeownership-is-worth-the-effort\/","title":{"rendered":"The Dream of Homeownership Is Worth the Effort"},"content":{"rendered":"<body><img data-recalc-dims=\"1\" decoding=\"async\" class=\"wpe_imgrss\" src=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2022\/04\/20220427-KCM-Share-549x300-1.jpg?w=1220&#038;ssl=1\" loading=\"lazy\">\n<div>\n<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2022\/04\/20220427-KCM-Share-549x300-1.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"The Dream of Homeownership Is Worth the Effort | Simplifying The Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" srcset=\"https:\/\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2022\/04\/20220427-KCM-Share-549x300-1.jpg 549w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/04\/25135133\/20220427-KCM-Share.jpg 750w\" sizes=\"auto, (max-width: 549px) 100vw, 549px\"><\/p>\n<p>If you\u2019re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today\u2019s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a <a href=\"https:\/\/www.bankrate.com\/mortgages\/homeownership-remains-centerpiece-of-american-dream\/#homeownership\">recent survey<\/a> from <em>Bankrate<\/em> shows homeownership is so powerful that:<span id=\"more-46387\"><\/span><\/p>\n<blockquote>\n<p><em>\u201c<strong>Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again<\/strong>.\u201d <\/em><\/p>\n<\/blockquote>\n<p>That means the results \u2013 owning a home and the <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/03\/22\/the-many-benefits-of-homeownership\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\">benefits<\/a> that come with it \u2013 outweigh the effort needed to achieve their goal. If you\u2019re a homebuyer, let that provide you with the confidence to know the work you\u2019re putting in today will pay off for years to come. Here are a few reasons to stick with your search and focus on the outcome.<\/p>\n<h4><strong>Homeownership Contributes Significantly to Your Financial Well-Being <\/strong><\/h4>\n<p>The <a href=\"https:\/\/magazine.realtor\/sales-and-marketing\/handouts-for-customers\/for-buyers\/7-reasons-to-own-a-home\"><em>National Association of Realtors<\/em><\/a> (NAR) lists several motivations to consider if you\u2019re thinking about <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/03\/16\/are-you-wondering-if-this-is-the-year-to-buy-a-home\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\">buying a home<\/a>. One of the top financial reasons is the <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/03\/21\/the-average-homeowner-gained-more-than-55k-in-equity-over-the-past-year\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\">equity<\/a> you build. As NAR says:<\/p>\n<blockquote>\n<p><em>\u201cMoney paid for rent is money that you\u2019ll never see again, but mortgage payments let you build equity . . . <strong>Building equity in your home is a ready-made savings plan.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n<p>Your equity is a powerful tool you can <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/11\/22\/4-ways-homeowners-can-use-their-equity\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\">leverage<\/a> in a number of ways. And with recent home <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/04\/07\/the-future-of-home-price-appreciation-and-what-it-means-for-you\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\">price appreciation<\/a>, homeowners are seeing record levels of equity today. That may be one reason why so many people view owning a home as a <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/02\/21\/real-estate-voted-the-best-investment-eight-years-in-a-row\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\">great investment<\/a> and a top indicator of <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/03\/28\/a-key-to-building-wealth-is-homeownership\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\">financial well-being<\/a>. As the survey from <em>Bankrate<\/em> mentioned above shows:<\/p>\n<blockquote>\n<p><em>\u201c. . . <strong>Americans place a higher value on homeownership than on any other indicator of economic stability<\/strong>, . . .\u201d<\/em><\/p>\n<\/blockquote>\n<p>Owning a home ranks above other major accomplishments like retirement, having a successful career, and getting a college degree. <strong>That indicates just how impactful the financial benefits of homeownership truly are.<\/strong><\/p>\n<h4><strong>The Emotional Benefits of Owning a Home Are Powerful<\/strong><\/h4>\n<p>Of course, <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/02\/14\/are-you-ready-to-fall-in-love-with-homeownership\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\">homeownership<\/a> is more than an investment. In their list of top reasons to buy a home, NAR also highlights some of the powerful, <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/02\/01\/why-a-move-could-bring-you-more-happiness-this-year\/?a=783612-02a11606fc81d6a6e402d49bc5bfe20b\">non-financial<\/a> aspects of homeownership. Among them is the opportunity to customize your home to reflect your personality and needs. As they say:<\/p>\n<p><em>\u201cThe home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.\u201d<\/em><\/p>\n<p>Another benefit homeowners enjoy is the stability it provides. Homeowners typically stay put longer than renters. According to NAR, when you remain in one place longer than a few years, you can grow closer to your community. And that can enhance your sense of pride and lead to better relationships.<\/p>\n<h4><strong>What Does That Mean for You?<\/strong><\/h4>\n<p>The benefits of homeownership are powerful, as Leslie Rouda Smith, President of NAR, <a href=\"https:\/\/www.nar.realtor\/newsroom\/nar-report-shows-share-of-millennial-home-buyers-continues-to-rise\">says<\/a>:<\/p>\n<blockquote>\n<p><em>\u201cFrom building personal wealth and fostering communities, to strengthening social stability and driving the national economy, <strong>the value of homeownership is indisputable.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n<p>Even if you face challenges in today\u2019s market, the payoff when you succeed and purchase a home will be worth it.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>If you\u2019re planning to buy a home this year, there are incredible benefits waiting for you at the end of your journey. Let\u2019s connect to discuss everything homeownership has to offer.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"<p>If you\u2019re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today\u2019s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2652,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-2651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"If you\u2019re in the market to buy a home this season, stick with it. 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