Having a roof over your head is important, but that’s certainly not the only benefit to homeownership. While renting may be cheaper in the short term, it’s certainly more expensive in the long term. That doesn’t even get into tax advantages and equity building, which are further financial benefits of owning a home. There are also non-financial benefits. When you’re a homeowner, changes you make to your living space don’t need to be approved by a landlord, and you can bring whoever you want into your home, including pets. Owning a home is also less stressful because you don’t have to worry about getting evicted or priced out of your home because the owner decided to sell it.
Fortunately for those of you looking to achieve homeownership, there are resources available. The HUD, the National Association of REALTORS®, and Habitat for Humanity all offer programs for first-time buyers as well as low-income buyers. In addition, local communities and real estate professionals share resources and host events to educate prospective homebuyers. Such events are also more common during the month of June, because it is National Homeownership Month.
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