5 Unexpected Benefits Of Owning A Home

When you think about owning a house at the Lake of the Ozarks, what comes to mind? Common things most people look forward to include having a space of their own, not having to always double-check with the landlord about the decor and maintenance of the home, not having to worry about the landlord raising the rent payments, having the authority to make decisions regarding the number of pets in your home, and having a stable place to raise the children. While these are all outstanding benefits of homeownership, the list doesn't stop there! Here are some other great aspects of homeownership that may surprise you.

1. Homeowners Are Proud Of Their Homes
There is nothing quite like the pride of homeownership. It's indescribable. It doesn't matter if it's your first home at the Lake of the Ozarks or your fifth - when you slide the key in the lock and step into your brand new home, you will almost always be overwhelmed with a sense of personal pride and satisfaction. This pride encourages and motivates many homeowners to perform better at work, take better care of their properties, and create safe, enriching environments for their children. There truly is nothing like pride of ownership!

2. Children Of Homeowners Perform Better In School
As a parent, nothing matters more than the physical and emotional well-being of your children. Believe it or not, buying a house may be a great way to help give your child an advantage. According to a recent study by the National Association of REALTORS®, children of homeowners...

• Stay in school longer
• Perform better academically
• Have fewer incidences of teenage pregnancy
• Are more responsible financially
• Learn valuable skills about maintaining a home

3. Homeownership Helps Improve Your Credit Score

Because they are usually large payments, mortgages often have a very large effect on credit scores. If you manage your mortgage payments responsibly and pay them each in full and on time every month, you can expect to see your credit score increase significantly after owning your home for a few years. By the same token, however, failing to make your mortgage payment on time can severely hurt you score. Make sure that managing your mortgage payment is always a top priority.

4. Buying A New Home Gives You A Clean Slate

After living in the same place for many years, it can be hard to break out of your established routine. You may not be particularly thrilled with the way your kitchen is designed, but are you really going to put the effort into remodeling it? Maybe your basement is a disorganized mess - but it's been that way for years, why change it now? When you buy a new house at the Lake of the Ozarks, however, you get a clean slate and a chance to start fresh. Don't be afraid to take your time settling in so you can set up your dream home exactly the way you've been envisioning it.

5. Homeowners Are More Invested In Their Communities

While there are some "professional renters" who plan to never purchase a home, most people choose to rent because they are not financially ready to buy or because they only plan to stay in the area for a short time. Most homeowners, on the other hand, plan to stay in the area for several years. This sense of stability greatly increases their appreciation for their local community and encourages them to become more active in bettering the community for years to come. It's no wonder that communities primarily made up of homeowners tend to thrive.

I Would Love To Help You Buy A House At The Lake!

If you have been thinking about purchasing a home at the Lake of the Ozarks, now is the time to make it happen. Home prices and interest rates are still low, but both are expected to increase in the near future. I will listen to your vision and help you locate the homes for sale at the Lake of the Ozarks that will best meet your needs. Visit my website to learn more about how I can help homebuyers in Osage Beach MO!

Susan Spica
Professional REALTOR®

BerkShire Hathaway HomeServices
101 Crossings West, Ste. 202
Lake Ozark, MO 65049

Office: (573) 365-6868


Susan's Cell: (573) 280-0484