Unlocking the Mental Health Benefits of Homeownership with Zac Folsom
Join Zac Folsom, renowned real estate expert and founder of the Zac Folsom Group, as he shares his insights on the transformative power of homeownership. In this blog, Zac explains how owning a home can positively impact your mental health and provide a stable, happy living situation.
Homeownership is not just a financial investment, but it can also be a powerful investment in your mental health. Research has consistently shown that homeownership is associated with better mental health outcomes, including lower rates of depression and anxiety. In fact, a recent study found that homeowners are 5% less likely to experience symptoms of depression compared to renters.
But why does homeownership have such a positive impact on mental health? One reason may be the sense of control that comes with owning a home. Unlike renting, homeownership allows you to have a greater say in your living situation, from the design of your home to the ability to make changes as you see fit. This sense of control can lead to greater feelings of autonomy and self-determination, which can be beneficial for mental health.
Additionally, homeownership provides a greater sense of stability and security. Knowing that you have a permanent place to call home can provide a sense of comfort and ease anxiety. In fact, a study conducted by the National Association of Realtors found that 93% of homeowners reported feeling happier and more secure since becoming a homeowner.
Furthermore, owning a home can also have social benefits. Homeowners often feel a greater sense of community and belonging, as well as more opportunities for social interaction. This can lead to better mental health outcomes, as social connections have been linked to lower rates of depression and anxiety.
In conclusion, owning a home can be a powerful investment in your mental health. Not only does it provide a sense of control, stability, and community, but it can also lead to lower rates of depression and anxiety. So if you’re considering homeownership, don’t just think of it as a financial decision, but also as an investment in your well-being.
