According to the Census Bureau, homeowners have an average net worth 80 times higher than that of renters. Homeownership can build wealth faster than many other types of investments.

You have more control over when you move: If your life circumstances change and you own a home, you can decide when to sell it or move out.

Stable housing payments: Unlike renting, your housing payments should stay stable over time. Mortgages can be locked into a specific payment and interest rate, making your monthly budget predictable.

Customization: You can customize your own home according to your preferences. Many HOAs have standards and criteria to follow that often create a uniform appearance in a community or neighborhood.

In many cases, homeownership correlates with higher educational achievement. Family wealth often allows more money to be available to family members to improve their education or attend college.

Civic engagement: Homeowners are likely to be involved in their communities and vote in local elections. There is always something positive when individuals, couples, and families are invested in the communities in which they live.

Better health and happiness: Homeowners are more likely to report better health and are generally surveyed to have happier lives than renters.

Lower crime: Homeownership is associated with lower crime rates. The thinking is that the more often people are invested in their homes and communities, the more caring they feel about protecting their rights, their neighbors, and their local communities.

Renting has been used to create transitional housing when moving from one job to another, starting to build your financial life, and for individuals who do not want the maintenance involved in home ownership.

Working with a company like Executive Managed makes the most of your home ownership or rental property.