Homeownership is still a significant achievement in realizing the American dream. Nonetheless, many individuals are uncertain whether owning a home will ever be achievable in the current market, while others have opted to rent to avoid a mortgage.
Despite the perks of renting, the advantages of possessing a house cannot be denied – including the health benefits. That’s why possessing a home is better for your physical and mental health than renting.
4 Benefits To Health Of Owning A House Compared To Renting
Possessing a home provides greater management over your household’s health and safety. Instead of depending on your landlord for repairs, you assume the responsibility yourself. Below are four health advantages that owning a house has over renting.
1. The Capacity To Establish Roots
Renting an apartment allows for easier movement compared to buying a house. If you enjoy a nomadic lifestyle, you may choose to switch apartments across state lines every few months. However, establishing roots and becoming part of your community is beneficial for your mental well-being.
Research has revealed that 83% of expectant women experience fewer postpartum depressive symptoms when they are socially connected. Developing relationships with others may also lead to a longer life. Possessing a home offers greater stability, as most individuals settle in one location for years. Homeowners also become proactive contributors to their neighborhoods and communities, which enhances their sense of belonging.
2. Houses Are Typically Better Maintained
Many renters would not recommend their complexes to potential tenants. For instance, in the Bronx, numerous tenants report slow landlord responses to complaints about cleanliness and bug infestations.
Apartments should pass inspections with a 100 rating for mold levels, while ratings above 800 often necessitate remediation. Mold can result in severe health hazards for tenants and significantly diminish air quality – yet this is a common occurrence in multi-family housing.
Individuals residing in apartments with high air pollution are more prone to migraines and skin irritation. The primary health benefit of owning a house is that you do not need to rely on anyone else to uphold your safety and well-being. You can take the necessary precautions to protect yourself and your family in your own home.
3. Enhanced Life Satisfaction And Self-Respect
Inquire with any homeowner about their feelings on living in a house, and they will likely express that it instills pride in them. Individuals who have purchased a home feel as though they have achieved a distant dream, fostering higher self-esteem and personal satisfaction.
In most instances, homeownership results from years of savings, such as reducing unnecessary expenses, improving credit scores, and utilizing coupons and discounts to secure one’s finances. Irrespective of the effort expended to buy a house, many homeowners feel thankful and acknowledge that they have come a long way.
4. Enhanced Financial Stability
Many individuals refrain from purchasing a house due to financial restrictions. Yet, your home is likely to appreciate over time, resulting in more funds in your pocket and alleviating economic anxiety.
In the UK, 60% of financial well-being stems from homeownership. When invested wisely, the gains have conspicuous positive effects on symptoms of depression and anxiety. Poor financial management is a significant burden, particularly during inflation and unemployment. According to a Bankrate survey, 46% of women stated that money has a negative impact on their mental health, as opposed to 38% of men.
Although initially costly, a house aids in increasing your net worth and building equity for retirement rather than giving your money away to a landlord. Securing your financial future will afford greater stability and mental health in the present.
How Renters Can Enhance Their Health
While not everyone can afford to buy a house, there are methods for renters to live in a healthier manner within a multi-family complex.
Inspect the air vents for blockages and temporarily open apartment windows to enhance ventilation throughout your unit. Individuals spend about 90% of their time indoors, where air pollutants are two to five times worse than outdoors.
Conduct regular inspections of your unit for water leaks and mildew to avoid potential health hazards. Promptly contact your landlord if you discover suspicious mold, pests, or rodent infestations. Then, stay vigilant to ensure a repairman addresses the issue.
Renters must peruse their leasing agreement and get in touch with their state to understand tenants’ rights. Additionally, always maintain a record of communications with your landlord, including rent payments. There are advocacy resources available to assist renters should issues arise.
Possessing A Home Is The Optimal Choice For Healthy Living
Owning a house can guarantee improved physical and mental well-being by reducing health hazards and providing financial and social security. While there are ways to safeguard your health while renting, if feasible, you might want to consider purchasing a house instead.
Jane is an environmental writer and the founder and editor-in-chief of Environment.co where she covers sustainability and eco-friendly living.