Money can't buy happiness, but it can buy a house, and according to the 2019 Fall Homebuyer Insights Report by Bank of America, most homeowners credit their happiness to an improved lifestyle and variety of hobbies that homeownership allows.
The report by Bank of American also found that most Americans would rather pay a mortgage than pay rent, believe homeownership builds financial equity, and more than half of current homeowners feel that home is a place to make memories.
Homeownership doesn't just change the homeowners--over two-thirds of respondents said their relationships with family and friends have evolved since owning a home. Home ownership was said to help the owners entertain more, give families a sense of pride, and even bring their whole family under one roof.
Along with impacting relationships, homeownership was found to improve the lifestyles of many people. Over 75% of respondents claimed homeownership made them a better person and reported that they developed new hobbies and interests once they bought a home. Among the new hobbies were landscaping, gardening, culinary skills, interior design, and remodeling.
To learn more insights from the 2019 Fall Homebuyer Insights Report, check out the full article here.
Homeownership doesn't just change the homeowners--over two-thirds of respondents said their relationships with family and friends have evolved since owning a home. Home ownership was said to help the owners entertain more, give families a sense of pride, and even bring their whole family under one roof.
Along with impacting relationships, homeownership was found to improve the lifestyles of many people. Over 75% of respondents claimed homeownership made them a better person and reported that they developed new hobbies and interests once they bought a home. Among the new hobbies were landscaping, gardening, culinary skills, interior design, and remodeling.
To learn more insights from the 2019 Fall Homebuyer Insights Report, check out the full article here.
