If you're trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefit of homeownership might be one of the reasons you want to make a purchase if you’re a renter but the decision can also be motivated by having a place that’s uniquely your own.
If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home.
A little Change Can Bring Lots Of Joy
There’s a significant level of pride that comes from owning a home. That’s because it’s a space that truly belongs to you.
Making updates or remodeling your home can help you feel more at ease and comfortable in your living space. There are numerous interior projects that receive joy as a homeowner such as painting the entire interior of the home, one room of the home, adding a new home office, hardwood flooring, new wood flooring, and closet renovation, just to name a few.
Each of these projects can enhance your emotional attachment to your home, even leading you to want to spend even more time in the space. When you make upgrades in your home, you could be increasing its value which also gives your net worth a boost if you invest your time and effort wisely.
You’re Free to Update Your Home to Your Heart's Content
These types of updates can result in additional happiness when you complete them, but there’s another reason you can feel good as a homeowner. In most situations, you’re free to renovate or update the interior of your home without needing additional permission, but renters may not have the same freedom.
Deciding whether to rent or buy is a personal decision. The financial benefits are critical but don’t overlook the emotional impact homeownership can have.
Source: Keeping Current Matters