December 8, 2021

Home ownership is the heart of community.

Buying a home is so much more than putting a roof over your head.

Owning your own home eliminates rent increases, pet restrictions and landlord drama. It’s a reliable strategy for gaining long-term wealth with minimal risk to your initial investment and provides a sense of security that has been shown to improve self-esteem, contentedness and independence.

The benefits don’t stop with the homeowner, though. According to the Federal Home Loan Mortgage Corporation (Freddie Mac), Home ownership is the heart of a great community and a driver of both local and national economic growth.

Home ownership is the heart of a great community.

As homeowners make family and neighborhood ties, they contribute to the health and stability of their local community. Homeowners are more likely to:

  • Support local businesses
  • Get involved in local events
  • Volunteer or donate to local causes
  • Vote in local elections

Housing Drives Local and National Economic Growth

According to a 2020 National Association of Home Builders report, housing is a vital sector of the U.S. economy that influences new job creation and employment stability.

  • Building a community of 1000 homes creates more than 2000 full time jobs.
  • Home construction and related industries employ around 6 million Americans.
  • Residential real estate investments account for more than 4% of the nation’s GDP.

While getting a dog, painting your bedroom and planting a garden are all fun ways to enjoy the freedom of home ownership, the benefits to you, your family and your community go much deeper than a coat of paint.

If you are interested in becoming a homeowner, call the Boles Group at Bay Equity Home Loans in Gilbert. Your Boles Group loan officer will talk to you about your goals, your current situation and the mortgage options available to you.

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Bay Equity Home Loans – Boles Group is a team of lending professionals located in Gilbert, Arizona and licensed to originate home loans for purchase or refinance in 11 states (AZ, CA, CO, Fl, GA, ID, MN, NM, NV, OK, OR, WA). Boles Group lending professionals have the knowledge and experience to create solutions where other lenders create problems. The team prides itself on responsive, accurate communication and is highly regarded by clients and business associates alike.