You don’t have to wait a decade for homeownership to make a difference in family life. Buying a home is better than renting for tangible reasons families experience right away. A home you own rather than rent imparts physical benefits you can see and touch.
Higher Quality Homes
It’s possible to find nice rental property, but usually an apartment, duplex or rental home isn’t the same quality as a home. Good landlords take care of property maintenance. They make repairs when needed and choose construction materials for durability. But the most important thing in each decision is their pocketbook, not your long-term happiness.
Bad landlords cut corners everywhere possible. They reason tenants are just going to tear things up, so why install anything nice to begin with. You end up living in a home or apartment that doesn’t look or feel like home.
In contrast, everything about a WestWind Home is designed with families in mind. We start by planning communities in locations that are going to offer opportunities for families now and will appreciate steadily. We build on post-tension slabs so every foundation lasts. We choose construction materials for durability and energy efficiency, and our bulk buying power makes homes more affordable for Texas buyers. Plus, we offer high-quality finishes in all of today’s top trends.
Homes for sale tend to be in higher income, better quality neighborhoods. They often have better schools than areas of town filled mostly with rentals. It’s not that the teachers or educational structures are different, it’s more about the students and parents they serve.
Think about it. Children that come from stable homes and parents who are committed to giving them the best are more able to focus on their school work. They’re less likely to make unhealthy lifestyle choices and more likely to prioritize academics. Financially stable parents have more time to help with homework and to participate in their child’s education. Your child grows up surrounded by a stable core of classmates who are also supported by dedicated parents.
In contrast, renters move more often. Schools that serve a lot of apartment complexes, mobile home parks and rental properties sometimes have a revolving door. As hard as teachers and administrators work to encourage learning, the student population experiences much more change. Renters also tend to have less money in savings, so they have fewer resources when things go wrong. Parents are more likely to feel uncertainty and financial stress related to their home situation. Children sense that stress, and it changes the family dynamic.
A study from the National Longitudinal Survey of Youth found children of home-owning parents had standardized math test scores that were nine percent higher than children of parents who rent. Reading scores averaged seven percent higher. That’s almost a letter grade in both areas.
Residential stability is good for the whole family, especially when the home you own is close to everything you need. When you’re raising a family, you don’t have time to waste dealing with traffic. It helps when employment options, grocery stores, dining and entertainment are all nearby. That allows you to spend more time building relationships and less time on your commute.
WestWind Homes communities also have amenities that make them a positive place for families. Many have walking trails and community recreation areas. All are located with nearby access to major highways or interstates with great schools and medical facilities right around the corner.
Ability to Decorate
With rental property, most families are limited by the landlord’s design choices. If you want to make a change, you have to get permission, and you’ll probably face restrictions. If your landlord does approve your decorating choices, you have to pay for improvements, but you don’t get anything back for your work and investment.
When you own your home you can redecorate as extensively and as often as you choose. If you want to paint your daughter’s room to match her favorite pink pony and decorate your son’s room in dinosaurs, that’s up to you. If you own your home for a few years and decide to update the kitchen, you may receive more for your home when you sell.
Your Own Yard to Enjoy
It’s good for kids to play outside. When you own your home, you provide them with a backyard environment where they can run, jump, yell, climb trees and do all the other things kids need to develop healthy bodies.
You also get to know your neighbors. In WestWind Homes communities, they’re other homeowners like you, and many of them will have children around the same age. Your kids find other friends and develop childhood relationships around tire swings, treehouses and summer popsicles.
However, the kids aren’t the only family members who enjoy the outdoors. Some homeowners love having space for their own vegetable or flower garden. Others turn a backyard patio into an outdoor living area for neighborhood barbecues. Because you own it, it makes sense to turn your yard and other outdoor spaces into exactly what you want them to be so you can enjoy them for the years to come.
Better Mental Health
All the benefits of owning over renting translate into better mental health. You feel good about where your kids go to school and the way they’re growing up. They bring home good grades, and their achievement is a source of pride. The way you decorated your home gives you a sense of personal accomplishment, and when friends and family members see it, you realize your social status has changed.
Areas with a higher percentage of single-family homes experience less crime. You feel safe when you go to bed at night. You’re building equity and your housing costs are stable, so you sleep with fewer money worries.