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Home Ownership Provides Benefits for Growing Families

by Arne DeWitt Group 12/24/2018

Most adults go through a series of predictable life stages, which include the eventual desire to be a home owner. Some people take the plunge sooner than others, but that decision is typically set in motion by changing circumstances, such as financial readiness, additions to the family, or career advancement.

Owning your own home certainly has a different "feel" to it than being a renter. Not only do you tend to feel more established and successful, but home ownership gives you more control over your environment. When you no longer have to answer to a landlord, you don't have to concern yourself with unannounced visits, inspections, restrictions, rent increases, or even lease terminations.

Renting an apartment, condo, or duplex may make the most sense when you're getting your first taste of independence as a recent college graduate or a young newlywed couple. However, as maturity settles in, buying a house becomes the next logical step. In addition to the investment value of real estate, most people also gravitate toward the idea of more privacy, more control over their lives, and the sense of accomplishment that comes from owning your own home.

Parenthood brings changes. Once children come into your life, your whole perspective undergoes a seismic shift! New priorities come to the forefront, such as relocating to a better school district, living closer to relatives or a recommended child care facility, and having a spacious yard where your kids can play. Owning property with a private, grassy space for a sandbox, a swing set, or backyard birthday parties are also among the reasons home ownership appeals to young parents.

Gardening becomes an option. With few exceptions, the joy of backyard gardening is a pastime that's only available to home owners. Whether your interest lies in growing your own vegetables, herbs, or wildflowers, cultivating a garden can be a very satisfying aspect of home ownership. While there is definitely more work involved in landscaping, maintaining property, and keeping your lawn looking manicured, the pride of ownership that comes from beautifying your own yard makes it all worthwhile!

Building equity: While deluxe townhouse rentals and luxury apartments may offer some temporary appeal, there comes a time in life when you want your monthly payments to begin feathering your own nest, rather than helping your landlord retire comfortably! Although your rented living space may provide you with immediate comfort, ample storage, and a place to entertain friends, it's your landlord, not you, who's receiving the tax advantages and investment value of the property you're living in.

Even though apartment living or townhouse renting may have suited your purposes up until now, you can't help but wonder whether it's time for a change -- specifically, a change that can strengthen your financial security and provide you with a resource you can leverage and enjoy for years to come.

About the Author

Author
Arne DeWitt Group

There are a lot of real estate agents serving the South County real estate market, but few with the longevity, experience and professionalism of Arne DeWitt.

Arne graduated from California State University, Northridge with a BS degree in Business Administration and soon put his business skills to work in his real estate career with RE/MAX that now spans more than 30 years.

During his career Arne has listed and sold more than 1500 homes, resulting in 750 million in sales and garnering every production award given to top producing RE/MAX agents – including the prestigious Chairman’s Club, Hall of Fame and Lifetime Achievement Awards.

Never one to rest on his laurels, Arne has continued to hone his professionalism and knowledge. Throughout his illustrious career he has earned several esteemed professional real estate designations such as GRI (Graduate REALTOR Institute), CRS (Certified Residential Specialist) and ERC (Employee Relocation Council)

But it’s not the awards and industry accolades that fuel his passion – it’s a genuine desire to help his clients achieve their real estate goals and dreams. Arne is most proud of the high percentage of referrals and repeat business he receives from satisfied clients who shower him with thank-you letters with comments such as:

“You made the selling of our home a pleasurable experience. You should clone this guy!” and “Arne did everything he said he would do and more!”Arne Dewitt

When not working as your community relocation specialist, Arne likes to unwind by participating in sports such as golf, fishing, and hockey. He also enjoys coaching boys’ sports and spending time with his sons, Wesley and Matthew. Arne is active in his church and donates time and income to individual charities.